Well regardless this situation strengthens USA's economic position and weakens China, so its not a bad spot to be in. That it also strengthens Russia doesn't matter much since they are no longer seen as the great enemy, after their performance in the Ukraine war was lacking.
replyChina is the world's largest exporter of alternatives to oil. This adventure has done nothing but strengthen their relative economic position.
replyHow?
replyThis only strengthens USA's oil sector and ideally we all know the perils of dutch disease. The weakening of every other american export for a dieing industry is not strengthing it.
It weakens China and Europe even more, so it strengthens USA compared to the rest of the world. That is why the US stock market is going strong.
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