LETTER: Winds of change threaten Israel and Saudi Arabia, too
The national chair of the SA Zionist Federation, Rowan Polovin, opened his opinion piece by commenting that “the desert sands of the Middle East are shifting quickly” (“SA would gain from de-hyphenating Israel-Palestine (https://www.businesslive.co.za/bd/opinion/2020-09-16-sa-would-gain-from-de-hyphenating-israel-palestine/)”, September 16). They are indeed.
As the current issue of The Economist notes: “Oil fuelled the 20th century — its cars, its wars, its economy and its geopolitics. Now the world is in the midst of an energy shock that is speeding up the shift to a new order. As Covid-19 struck the global economy earlier this year, demand for oil dropped by more than a fifth and prices collapsed. There have been oil slumps before, but this one is different. As the public, governments and investors wake up to climate change, the clean-energy industry is gaining momentum.”..
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