which is financed by credits. Whatever whatsapp phone number list the outcome of the oil price war, the balance of power in the oil markets will shift. The " peak oil " debate , which has raged for decades, should also undergo an interesting twist. In whatsapp phone number list the end, it may not be dwindling fossil fuel reserves that seal the oil industry's decline. With permanently low prices, the exploitation of these reserves simply ceases to be economically viable. Could then a geo-economic conflict inadvertently herald the end of the fossil fuel era? The whatsapp phone number list crisis is also fueling the conflict over hegemony between the United States and China.
For some time there has been whatsapp phone number list a general consensus in Washington to decouple the US economy from the Chinese economy and thus not contribute, with its own money and technology, to the strengthening whatsapp phone number list of its competitor for global supremacy. Now, companies operating around the world have to re-lay their supply chains overnight. Will all these corporations return to China when the present crisis is over? Business leaders would have to think twice if they decide to ignore whatsapp phone number list Washington's direction on geopolitics. This can offer a great opportunity to emerging economies such as Vietnam or India.
And how will European whatsapp phone number list companies reposition themselves after the crisis, with costs that have proven too dependent on Chinese supply chains? For months, Europeans have been experimenting, in the debate whatsapp phone number listover whether the Chinese company Huawei should be excluded from expanding Europe's 5G infrastructure, how big the American pressure can be. The coronacrisis could accelerate a process that has been under way for a long time: deglobalization. As a result, the global division of whatsapp phone number list labor could be partitioned into competing economic blocs. Economie