“This Is Terrible For PDVSA": Conoco Begins Confiscating Venezuela Oil Assets, Infuriating China

While there is an increasingly more overt trade war being waged between China and the US, a more covert and arguably important contest between the two superpowers is being waged for spheres of influence, most notably in Africa - which is now largely a Chinese colony, in Latin America, where increasingly more countries are gravitating toward China and away from the "west", and more recently, Europe.