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Old 04-24-2026 | 06:58 AM
  #1256  
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Originally Posted by Lowslung
Fangs, while I don’t agree with all of your positions, you’re a generally reasonable and intelligent person. Explain this one to me. I understand that China gets far more oil from gulf states than just about anyone else. What I don’t understand is how turning off X amount of global supply hurts them more than us. The fact that it’s a global market has been discussed ad nauseam. Price and supply issues hit us both. Xi has the dictator’s luxury of being able to ignore public opinion (at least for a while), while the American public will very quickly tire of energy shortages, even if there were a strategic benefit to the country. I just don’t see how this play works out in our favor.
Oil is a commodity, so pricing is market driven. That says nothing about the logistics of getting it, though. The US produces most of the oil it consumes and only 4% is from the middle east. Contrast that to 50% by China. LNG imports are almost 0 in the US. 30% of China's go through the SOH.
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