MH.Yang
Trusted Member
I am merely responding to some members' inquiries about the impact of the war on China.
The U.S. is an oil-producing country, and I believe the war not affect U.S. oil prices.
Iran - Israel/US War: Israel-US declare war on Iran, Iran responds
- Thread starter Khorasan Black Flags
- Start date
I am merely responding to some members' inquiries about the impact of the war on China.
The U.S. is an oil-producing country, and I believe the war not affect U.S. oil prices.
AZ_HighCountry
INT'L MOD
Yes, the US is an oil producing country and it's been reported to be a net exporter as well. Have a few members who do not understand how commodity markets work or the effects to the overall supply chain. They prefer to claim "it's only another $20 or so at the pump".
KAL-EL
VIP Member
Many folks here are sometimes unfortunately letting their copium get in the way of reality
black_cats
Elite Member
Reports of a possible direct impact from an Iranian drone on the U.S. Consulate in Erbil, Northern Iraq, amid a massive one-way drone attack currently underway against Northern and Eastern Iraq by Iran, with explosions being heard in Baghdad and Erbil.
Immortals
Elite Member
Navid09
Registered Member
He talking about Venezuela apparently
MH.Yang
Trusted Member
Firstly, many people are unaware that China is also a major oil producing country, with its proven oil reserves ranking among the top ten in the world. China used to be a major oil exporting country. In 1990, China was one of the top five oil exporting countries in the world and the largest oil exporting country in the Asia Pacific region. At present, China's reduction of oil mining output and large import of oil are actually just to balance the trade surplus.
Secondly, the National Development and Reform Commission of China stipulates that the amount of oil imported from any single country cannot exceed 20% of the total import volume. The proportion of oil imported from Russia now is 19.8%, and its growth is limited by the policies of the Chinese government, rather than the limits of the China Russia oil pipeline. If necessary, the China Russia oil pipeline can grow by 5400%. However, Iranian oil accounts for only 7%.
Some people who believe that US attacks on Iran and Venezuela can influence China may need to have a better understanding of China. By the way, the main countries currently facing crises are Japan, South Korea, and India. The manufacturing industries of Japan and South Korea are collectively fleeing to China, while India, as far as I know, has only 20 days of oil reserves and is still a truly oil poor country.
Secondly, the National Development and Reform Commission of China stipulates that the amount of oil imported from any single country cannot exceed 20% of the total import volume. The proportion of oil imported from Russia now is 19.8%, and its growth is limited by the policies of the Chinese government, rather than the limits of the China Russia oil pipeline. If necessary, the China Russia oil pipeline can grow by 5400%. However, Iranian oil accounts for only 7%.
Some people who believe that US attacks on Iran and Venezuela can influence China may need to have a better understanding of China. By the way, the main countries currently facing crises are Japan, South Korea, and India. The manufacturing industries of Japan and South Korea are collectively fleeing to China, while India, as far as I know, has only 20 days of oil reserves and is still a truly oil poor country.
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Oldenwisdom...قول بزرگ
Trusted Member
Might makes right!
US and zion are engaging only in the relam of power and hubris. To dictate Iran what it can and cannot do... if one throws the gauntlet then expect the other to draw the battlefield conducive to its strength. And here it is...
Homuz was open... everyone got their fill... no one even knew or cared Iran was there... friend or foe alike. Emirates became a nexus and node of zion under eyes and breath of all around...
Homuz is now closed and that was gambit rats tail and US were willing to play and pay the price on behalf of the world economy. It cannot be any other way. If zion or it's second fiddle in orange clown had it all figured out they would have offered that oil ... why don't they? Why must the world suffer for what the rats tail wants?
Which is why I'm all for Iran to take out every bit of economic activity, in real goods or cloud capital from the parasite. This is the only place where the Vietnam axiom "we had to destroy that village in order to save it..." fits!
