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34
The Energy Squeeze China's in Over Operation Epic Fury Is Just a Foretaste of What Is Yet to Come (redstate.com)
posted 97 days ago by Mow-Lawn-Lah-Bay 97 days ago by Mow-Lawn-Lah-Bay +34 / -0
The Energy Squeeze China's in Over Operation Epic Fury Is Just a Foretaste of What Is Yet to Come
Analysis of China's energy challenges amid US strikes on Iran and geopolitical shifts impacting oil supply.
redstate.com
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– mac1221 4 points 97 days ago +4 / -0

China has been getting all that oil at steep discounts. The Venezuelan heavy crude is used to fuel their military. Rubio announced in a congressional hearing that China was buying Venezuelan oil at $20/barrel. The administration knows but did not give all the information. That oil was being transferred through a white glove company of the Xi family who then turned around and sold it to mostly state owned and smaller tea pot refineries for $40-60/barrel. Pocketing the difference and making huge profits to line the Xi family coffers - estimated to be about $400 billion. Along with Iran, Venezuela, and Russia, China has been using the shadow fleet to move that sanctioned oil all over the world and using the RMB as a means of exchange, bypassing all Western financial systems. Trump is shutting that all down and cutting off that pipeline. The biggest loser - China. Especially when their economy is already a dumpster fire and they are a net energy importer. It will severely impact their ability to unfairly compete in global markets by selling cheaper goods. Trump, knowing what was coming down, gave several nations, like India, time to find alterative sources for energy before he cut that oil supply down to minimize global shocks.

Carney and Starmer both made visits to Beijing bringing gifts of capitulation to Xi. The UK in particular brought approval for a massive superspy embassy in the heart of London's financial district along with the Chagos deal. That's not what Trump is bringing for his visit to China the end of this month - and he will do it with a smile on this face. FYI: His meeting with Xi is scheduled for April 1 - April Fool's Day.

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▲ 3 ▼
– BerlinWallCrosser 3 points 97 days ago +3 / -0

The Soviet Union crashed because their economy collapsed. The same thing might happen to the CCP.

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▲ 2 ▼
– Plebbitimmigrant 2 points 97 days ago +2 / -0

Given we’re currently in a competition to figure out who develops the AI-powered terminators first. Anything that sets them back is a benefit.

It also puts a check on the Israelis ability to operate as openly as their favorite boogeyman they use to justify everything is out of the picture.

Cuts Turkeys influence at the knees. As part of the American/European tolerance for the amount of shit they pull. Aside from their strategic location on the Bosporus. Is the fact they served as a regional check on the Iranians.

Opens a large market to American/Western Companies. Especially now since whatever government takes over there will need shiny new Western Military equipment. And a plethora of contractors to train support staff.

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▲ 2 ▼
– Slug 2 points 97 days ago +2 / -0

Turkey makes significant sub assemblies for the F35 fighter jet-

https://skeptics.stackexchange.com/questions/45184/does-turkey-make-the-structural-steel-frame-for-the-f-35-fighter

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– Tim_Berframer 2 points 97 days ago +2 / -0

Here's what the commie system cannot deal with, failure. Huge state run business are way under water but cannot shut down due to political pressure. People aren't getting paid and end up sleeping in the streets. Anyone with money is leaving the country. The CCP is sucking the people dry and has to be close to collapse.

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▲ 1 ▼
– Oh_Well_ian 1 point 97 days ago +1 / -0

Venezuela and Iran account for 17% of China's oil imports

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