by Frederick Kempe
The most knowing delegates at this year’s World Energy Congress continued to worry about the US-Chinese trade war.
It has slowed growth and placed the biggest drag on oil prices.
At the same time, however, they were shifting focus to the more momentous and generational event of the decoupling of the world’s two weightiest economies.
Abu Dhabi, United Arab Emirates – If one strains hard enough to listen in the humid heat of this oil-rich kingdom, one can hear the rumblings of the most profound event for global energy markets and the world economy, not only for this year but perhaps for this era:
It is the decoupling of the world’s two weightiest economies, that of China and the United States. The process seems as inescapable as its extent and global impact remains incalculable.













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