Robert Berke on Trump's Reverse Nixon Energy Strategy
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Robert Berke proposed that the Trump administration is pursuing a reverse Nixon energy strategy of courting Russia and isolating China, with the core goal of controlling global energy supplies and cutting off China's access to energy. This strategy has already been implemented by controlling energy exports from Venezuela and Iran; on October 9, hours after a phone call between Trump and Putin, the U.S. Treasury Department issued a six-month exemption allowing Russian diesel to enter the global market. Officials said the move was intended to lower fuel prices ahead of the November 3 midterm elections. Robert Berke believes this is the first step in easing energy sanctions on Russia, and may later lead to U.S. capital participating in the Nord Stream pipeline and U.S. oil companies returning to Russia to develop resources.
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- ZeroHedgeTrump's Reverse Nixon Strategy: Court Russia, Isolate China
Author Robert Berke argues that the Trump administration is pursuing a reverse Nixon energy strategy of courting Russia and isolating China, with the core goal of controlling global energy supplies and cutting off China's access to energy. This strategy has already been implemented by controlling energy exports from Venezuela and Iran. The current six-month exemption for Russian diesel exports is the first step in easing Russian energy sanctions, which may later lead to U.S. capital participating in the Nord Stream pipeline and U.S. oil companies returning to Russia to develop resources.
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