The new Cold War
We take a look at the economic and energy battles at the top of the world.
We often look at Russia and the effects of the tension between it and the West – effects that are felt from Europe right up to the Arctic.
The stakes of the renewed freeze is not just about territory and influence; money is also a source of tension between the super powers. At the top of the world, battle lines are drawn to lay claim to some 13 percent of the world’s undiscovered oil and one- third of its natural gas.
Emil Constantinescu, a former Romanian president says: “A new Cold War is a reality, we live in a new Cold War, but it is a danger [sic] for real war.”
Ali Velshi from Al Jazeera America has been working on a whole series of reports on a ‘new Cold War,’ and on this episode we analyse why money is such a driver of tension.