Pompeo Echoes Reagan’s ‘Peace Through Strength’ Mantra

US Secretary of State Mike Pompeo is seen on screens as he addresses attendees via satellite during the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann
US Secretary of State Mike Pompeo is seen on screens as he addresses attendees via satellite during the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann
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Pompeo Echoes Reagan’s ‘Peace Through Strength’ Mantra

US Secretary of State Mike Pompeo is seen on screens as he addresses attendees via satellite during the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann
US Secretary of State Mike Pompeo is seen on screens as he addresses attendees via satellite during the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann

US Secretary of State Mike Pompeo defended the policies of “Make America Great Again” as he spoke Tuesday by video-conference to the World Economic Forum in Davos.

He said the Trump administration would echo former President Ronald Reagan’s mantra of “peace through strength” in its dealings with other countries.

“America is committed to helping the Middle East be secure and stable... America will need coalitions built out to ensure that there is Middle East stability,” he said.

He added that Iran is “truly the malign actor” in Yemen, Syria, Iraq, and Lebanon. He said that a coalition of US allies is “so central” to creating stability in the Middle East.

Commenting on the next round of US-China trade talks, Pompeo said he was optimistic that the Chinese delegation would be well received and both sides would "have a good outcome from those conversations."

"I don't want to get ahead of the conversations and negotiations that are taking place. There is lots of hard work to do. I am very confident that there will be a bright future for the United States and its people, but for the Chinese people as well," he added.

Pompeo called on Moscow to change its "outlook and behavior", and denied Washington had turned isolationist. 

“It should not go unnoticed that we’ve also defeated the ISIS caliphate in Syria and Iraq... There’s a lot more work to do, and with your help, I know we’ll achieve it” he said.

Brazil’s rightwing president Jair Bolsonaro has prompted fresh alarm among environmentalists after stressing that protecting his country’s unique ecosystem has to be consistent with growing the economy.

Founder and Executive Chairman of the World Economic Forum Klaus Schwab said: "We are at the crossroads of the history of humanity. We now have to shape the future.”

“We feel Globalization 4.0 has to be more human-centered… We are now in some ways in a battle between robots and humankind. We don’t want to become slaves of the new technology,” he continued.



EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Dutch and British wholesale gas prices rose slightly early on Monday, as they traded in a narrow range, caught between low wind speed and uncertainty over Russian gas flows to Europe when the Ukraine gas transit deal expires at the year-end.

The benchmark front-month contract at the Dutch TTF hub edged up by 0.84 euro to 44.65 euros per megawatt hour (MWh), or $14.3/mmBtu, by 1016 GMT, while the day ahead contract was up 1.08 euro at 44.38 euros/MWh.

In Britain, the day-ahead contract was 2.25 pence higher at 110.25 p per therm.

"The spot and the curve (prices) are still supported by the prospect of a non-renewal of the Russia-Ukraine gas transit deal," analysts at Engie's EnergyScan said in a daily note, according to Reuters.

The situation with European countries that buy Russian gas is very complicated and requires increased attention, the Kremlin said on Monday, after talks between President Vladimir Putin and Slovak Prime Minister Robert Fico.

Fico said on Sunday that Putin had confirmed Russian willingness to continue to supply gas to Slovakia, even though the Slovak leader said this was "practically impossible" once a gas transit agreement between Russia and Ukraine expires.

Russia's Gazprom said it would send 42.1 million cubic metres of gas to Europe via Ukraine on Monday, a volume in line with recent days.

Meanwhile, wind generation will drop sharply today in France and Germany and the confidence for high wind output is reduced, supporting gas for power demand, EnergyScan analysts said.

In Britain, peak wind generation is forecast at 19.1 gigawatts (GW) on Monday, falling to 15.6 GW on Tuesday, Elexon data shows.

In the European carbon market, the benchmark contract was up 0.22 euro at 67.91 euros a metric ton.