It turns we have to thank China from preventing a world economic crisis due to the Iran War: https://youtu.be/BkA0bkb6ZO0
>>539111844Chinese oil reserves has fuck all to do with the rest of the world, they are not exporting it. Are you retarded or malicious OP?
The US Strategic reserves would last for 60 days, Europe's would last for 20 days, while China can last them 1 year...
>>539111931This. Op is a ccp shill.
>>539111931They did by not cutting their imports by half and using up their huge strategic reserves instead. They literally saved the world from hyperinflation
>>539111931>chinks use hoarded oil and didnt collapse as intended>saving the planetOP is the gayest blackest retarded gorilla nigger on earth
>>539111844>source ccpLol, no one believes you chang.
>>539111844Says here the USA is the top producer of oil and China didn't do a fucking thing. Image proof and no commie filter on it either. Retarded op
>>539111844Did they make their oil reserves a new currency or something?
>>539111962https://www.eia.gov/todayinenergy/detail.php?id=67504
>>539111844>>539112247>In this video, journalist Max Fisher analyzes how China quietly neutralized a devastating global oil shock during a speculative conflict involving Iran, fundamentally reshaping the global balance of economic and geopolitical power.>The Crisis: The conflict closed the Strait of Hormuz, blocking 20 million barrels per day (mb/d) of supply. Alternative pipelines and international reserve releases only partially filled the gap, leaving a catastrophic 10.5 mb/d deficit that threatened global economic collapse.China’s Intervention: The collapse was averted when China unexpectedly cut its global oil imports by half (5.5 mb/d), absorbing over half of the global deficit and stabilizing prices.>How China Did It:>Export Bans: Banned refined fuel exports (gasoline/jet fuel) to preserve domestic resources.>Coal & Electrification: Substituted oil with coal for electricity, plastics, and fertilizer, while leveraging high-speed rail and its massive EV fleet to reduce passenger fuel demand.>State-Secret Stockpiles: Tapped into massive, privately built reserves. Satellite tracking suggests China amassed over 1.4 billion barrels (exceeding all other global reserves combined) by purchasing discounted, sanctioned Russian and Iranian oil paid for in Renminbi (Yuan) to bypass US financial sanctions.>Geopolitical Motives:>The Malacca Dilemma: China neutralized its greatest vulnerability—a potential US naval blockade of its oil imports during a Taiwan conflict—by proving it can survive a total cutoff for over a year.>US Leverage: Saving the US economy from a massive price shock granted Beijing significant diplomatic leverage over Washington.>New Energy Order: By acting as a "swing importer," China proved it can manipulate global demand on a scale that rivals traditional oil powers like Saudi Arabia.
>>539112175From the Trump administrationhttps://www.eia.gov/todayinenergy/detail.php?id=67504
>>539112595This is just oil on hand.The us makes more oil than russia and saudi arabia combined, we dont need a giant buffer.
>>539112706That oil that the US produces isn't consumed domestically but sold abroad. The US refinneries import heavy oil from Canada since It's way cheaper. And because of this fact, the US can get hit hard due to global oil prices, which is why the fact that China has such huge reserves thanks to Russia and Iran, can fuck us really bad if they wanted to, but chose not to because we're dependant on each other economically. And they've proven that they can weather a blockade of the Malacca Strait for more than a year, and if Iran were to still be on their side when a conflict between the US and China happens, the chinks can proceed to order Iran to initiate another blockade of the Strat of Hormuz, but this time they won't be using their strategic reserves to help us but fuck us up.
>>539111931Holy shit retard you have no idea wtf you're talking about
>>539111844China needs to stop being gay and let the collapse happen
>>539111931>>539111962top kek
>>539114196Never interrupt your enemy when they're making a mistake.
>>539112433Damn, People's Republic of China truly is the leader of the free world
