The struggle for energy between the US & China could result in the Middle East going up in flames

During The EPCA Annual Meeting speech Dr Marc Faber expressed concerns about competition for energy resources, with China being pitted against the West, represented primarily by the U.S. “Oil is a big priority for China. But the U.S. could seek to contain China by limiting its access to oil in the Middle East.” He suggested western intervention in Libya can only serve to set alarm bells ringing in China, and pointed to a struggle developing for an overland trade route to the region as China courts Pakistan while the U.S. strengthens ties with India. This is due to the threat the U.S. navy poses to China’s shipping lanes, Faber said. The struggle for energy could result in the Middle East “going up in flames”, he said.
- via EPCA