John L. Thornton China Center

[In his remarks on the Trump administration's policy towards China at the Hudson Institute on October 4, 2018, Vice President Mike Pence] attempted to shift public scrutiny from Russia to China. ... He asserted that Russian efforts to interfere in America’s electoral process "pales in comparison to what China is doing."

Dollar-denominated oil survived three years of rock-bottom prices and diverging economic fortunes between the United States and the producing countries. It is unlikely to change now that the industry is more flush with cash.