2019年6月30日星期日

Here's What Wasn't Discussed at the G20 Meeting

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Oil and Energy Investor with Dr. Kent Moors

June 30, 2019

Dear Oil & Energy Investor,

As I sit in London to meet with my Middle Eastern colleagues, yesterday, President Trump sat in the G20 meeting in Osaka, Japan, to discuss business with China's President Xi Jinping.

This is the meeting where the Chinese laid their demands on the table for the U.S. to ponder.

Among those demands are removing the ban on the Huawei tech company, as well as asking Washington to remove the tariffs on all Chinese goods.

Now, this meeting was the first time these two leaders have met in person since President Trump threatened even more tariffs on China at the beginning of the month.

To say this meeting was an important turning point would be a frankly embarrassing understatement.

But it's something that was not discussed at this meeting - a topic that has nothing to do with economics and everything to do with the military - that has me most concerned.

The South China Sea has long been a point of contention between several countries, with a focus on the U.S. and China. And over the last few months, as the trade war continues to dominate, tensions in this highly volatile region have intensified.

Both sides have made subtle and not-very-subtle threats toward each other as each begin to move more aggressively.

From bomber planes being flown over the area coming from both contenders to ships sailing in the area making aggressive moves toward enemy ships, it won't be long before we see some real problems coming out of this area.

This is why the Pentagon has been funding the development of defensive and offensive weaponry for use in this region for the last few years - it could prove vital.

And the U.S. has something that the Chinese won't anticipate...

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Sincerely,


Kent


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