Utopia Talk - Politics - US oil reserves hit 43-year low

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Utopia Talk / Politics / US oil reserves hit 43-year low

murder
rank Tue Aug 11 10:27:44
The US Strategic Petroleum Reserve fell below 300 million barrels for the first time since 1983 on Monday, as Brent crude prices spiked after Middle East negotiations stalled.

Washington has leaned heavily on reserves since the US-Iran war began, raising concerns about depletion. Meanwhile, China has been able to turn its own appetite for crude imports on and off with little noticeable effect on growth: “We don’t really know how they did that,” Bloomberg’s Javier Blas told Columbia Energy Exchange, adding that China, more than any other country, is “really truly… embracing all of the above,” leading in both emissions and green energy.

Beijing’s ability to control oil prices is now unrivaled, The Economist argued, suggesting “China is the new OPEC.”

https://ww...s-oil-reserves-hit-43-year-low

murder
rank Tue Aug 11 10:30:22

“China is the new OPEC.”

TheChildren Live Cam: https://cd...s/official/south-park-jizz.jpg

TheChildren
rank Tue Aug 11 12:51:03
not clickey on virus shit

"imports on and off with little noticeable effect on growth: “We don’t really know how they did that,” Bloomberg’s Javi"

>> thats right mothafukas. u dunt know shit

“China is the new OPEC.”

>> brics is da new opec of everythin

deal with it

Hrothgar
rank Tue Aug 11 23:23:41
It's not that big of a mystery. China has been working it's ass off for over 10 years now to diversify energy needs beyond oil/coal. They have such a massive amount of renewables and growing electric vehicle segment that they can largely absorb the loss of crude oil without significant impact.

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murder rank	Tue Aug 11 10:27:44 The US Strategic Petroleum Reserve fell below 300 million barrels for the first time since 1983 on Monday, as Brent crude prices spiked after Middle East negotiations stalled. Washington has leaned heavily on reserves since the US-Iran war began, raising concerns about depletion. Meanwhile, China has been able to turn its own appetite for crude imports on and off with little noticeable effect on growth: “We don’t really know how they did that,” Bloomberg’s Javier Blas told Columbia Energy Exchange, adding that China, more than any other country, is “really truly… embracing all of the above,” leading in both emissions and green energy. Beijing’s ability to control oil prices is now unrivaled, The Economist argued, suggesting “China is the new OPEC.” https://ww...s-oil-reserves-hit-43-year-low
murder rank	Tue Aug 11 10:30:22 “China is the new OPEC.” TheChildren Live Cam: https://cd...s/official/south-park-jizz.jpg
TheChildren rank	Tue Aug 11 12:51:03 not clickey on virus shit "imports on and off with little noticeable effect on growth: “We don’t really know how they did that,” Bloomberg’s Javi" >> thats right mothafukas. u dunt know shit “China is the new OPEC.” >> brics is da new opec of everythin deal with it
Hrothgar rank	Tue Aug 11 23:23:41 It's not that big of a mystery. China has been working it's ass off for over 10 years now to diversify energy needs beyond oil/coal. They have such a massive amount of renewables and growing electric vehicle segment that they can largely absorb the loss of crude oil without significant impact.
	show deleted posts

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