from iuseasahibtw@ani.social to world@lemmy.world on 23 Jun 06:19
https://ani.social/post/33390696
They attributed the contradiction largely to China as “the invisible hand that is rebalancing the market,” due to its ability to curb oil imports by about 3 million barrels per day – an amount nearly equal to Japan’s total crude demand.
China was able to significantly pare down consumption for several reasons. Before the war, China was building back-up crude inventories, aided by cheap deliveries of sanctioned oil from Russia and Iran
By cutting down on imports, relying on vast stockpiles and utilizing more clean energy, China has been able to cushion the impact of higher prices at home, if not alleviate it completely.
So…Trump went to war with Iran and China wins? Why is he so f***ing stupid? Also, can we just go full hog into renewable energy investment and side line naysayers? It’s literally becoming a national security issue at this point.
#world
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