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Reply to "Oil Prices Surge Above $100 a Barrel for the First Time in Almost Four Years"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am more concerned about the long term disruptions. I am surprised people don't see what's happening here. Who were the top 2 suppliers of oil to China? Venezuela is an OPEC member. And the US now essentially controls Venezuela's oil market and de facto decides how Venezuela will act at OPEC meetings. The oil market will never be the same again. It remains to be seen how OPEC members will at with the US now at the table. [/quote] China has been smartly pushing its car supply into EVs. Being less dependent on oil isn't just an environmental thing, it protects your economy from supply chain disruptions on a commodity that's been disrupted repeatedly.[/quote]And where do they get the electricity to charge the EVs - coal. They don’t care about the environment.[/quote] China is going heavily into solar. Last year China installed twice as much solar as the rest of the world combined.[/quote]
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