and, apparently, they're barely touching their reserves. This explains why oil prices aren't higher.
>>536664752Chinks are niggers
If they're importing 4-5mbpd less while also " barely touching their reserves," that can only be due to extreme demand destruction bordering on economic collapse.
China does not appear to be taking economic damage from this eitherPMI was 54 in Mayhttps://tradingeconomics.com/china/composite-pmi
>>536664752>MUTTIDF shill thread>same mutt bot cope spam as always
>>536664882They're apparently not taking any significant economic damage>>536664906About 1 mbpd can be explained by no longer filling reserves.The other 3-4 mbpd should be due to substitution, such as higher intensity use of EVs, public transport, rail, and coal-to-chemicals.
>>536665040Then what happened to all the stuff that those 4-5mbpd used to go towards? Were they just idling cars all day or something?
>>536665097No, what I mean is they reduce utilization rate of ICEVs and oil-to-chemicals, and increase utilization rate of substitutes such as EVs and coal-to-chemicals
>>536664882>Amerinigger regime propaganda mouthpiece screenshots spamed by desperate Amerinigger regime shills, lied for the 2340203525th millionth time about Chinas impending collapse because of some made up and projecting muttoid seethe and cope excuse packed into another pile of garbage fake charts>China secretly collapsed but you cant see it until 2 weeksI wonder which is more likely
>>536665194For example, if a metro or bus was previously 75% full, it is now 95% full, as many motorists choose to take public transport and leave their car at homeIf a person previously would take an ICEV for long road trips, he now takes an EV and accepts the extra time needed to chargeIf a coal-to-chemical plant was previously running at 40%, it is now running at 100%
>>536664863The dirt floor and chickens are one thing, but why the garbage everywhere?
Other countries are now eager to copy this approach
>>536664752they have coal, nuclear and renewables
>>536665194What? That was just a bunch of babble.>>536665454didn't read lmao
