There is no region untouched by the current crisis. With the exception of the presidents of Brazil and the US, most world leaders have concluded that climate change is a reality and that hydocarbons are the major culprit. Even when the pandemic eases, oil use will continue to decline.The virus has exposed the fault lines among the mighty. The United States has the largest economy in the world and is the greatest military power on the globe, and yet it simply collapsed in the face of Covid-19. With 4 percent of the world’s population the United States accounts for 22 percent of the pandemic’s fatalities.And the US is not alone. The United Kingdom has more than 40,000 dead, and its economy has plummeted 9 percent. In contrast, Bangladesh, the world’s most crowded country, with twice Great Britain’s population, has around 4,000 deaths and its economy has contracted by only 1.9 percent.“Covid-19 has blown away the myth about ‘First’ and ‘Third’ world competence,” says Steven Friedman, director of the Center for the Study of Democracy in Johannesburg.Turkey, Vietnam, Cuba and Nigeria all have far better records fighting the virus than Great Britain and the European Union.

Source: Oil and the Pandemic – CounterPunch.org

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