China is moving in to replace the US with Gulf oil monarchies

July 17, 2023  By Thomas Lifson

It's hard to overstate the potential impact of a move underway that — thanks to Biden's catastrophic diplomacy — could result in China replacing the U.S. as a security guarantor with the petro-monarchies that control so much of the world's oil reserves..........

For decades, the oil states of the Middle East have relied on the United States as their primary economic partner and security guarantor.  Their holdings of dollar-denominated U.S. debt and settlement of sales contracts in dollars keeps the dollar as the world's reserve currency.  That status enables to U.S. to run massive deficits, print money to pay for them, and not suffer a foreign exchange crisis and severe devaluation..........To Read More....

My Take - Interesting piece, but here's the alternative.  We once again become the dominant energy producer we're capable of being, and these oil producers will see the light.   These Middle East thugs are loyal to no one except their own interests and think they can play both sides, but their is one thing they understand above all. is fear.  We cannot, and should not, expect them to love us, but they need to be made to fear losing American protection, and if we don't need them, that will scare them.  They know they need us.  I have no doubt they have serious concerns about falling under China's heel.  That leaves the US as their only real hope for their security.  It's all about fear!