Reply to War with Iran

Forum Index » Political Discussion

Reply to "War with Iran"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Bonus: Trump is starving China of petroleum. First Venezuela and now Iran.[/quote]

China has cut their oil demand by 30% because of their adoption of EV, has been buying oil for its reserves for years(keeping a floor on the market) and oil is a commodity.

This last part is what maga people like yourself do not understand. There is no starving china of oil. Oil prices will go up and China will stop filling its revenues. High oil price means gasoline price in the states will rise.

Better fill your car up now because on Monday gasoline prices go up. [/quote]

Higher oil prices just means more American production gets back online in the short term. And looking ahead, both Venezuela and Iran have enormous reserves. Once things stabilize and their production is brought to market, oil prices will be very low for a very long time. China is way ahead of the curve regardless. They want to reduce dependency on external sources of energy. And renewables like wind and solar are far, far cheaper than oil even when it's cheap. Plus China knows that the future is EV cars, and they are way ahead of America on that too. So short answer, China is just fine and well prepared for the future.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics