Posts: 12,158
   
Threads: 506
    
Likes Received: 2,687 in 2,377 posts
Likes Given: 48
(18-11-2021, 06:01 AM)Levin Wrote: No lah, Taiwan now is very important to USA due to TSMC. Because TSMC controls the manufacturing of 5nm and below chips in the world. This is why USA in recent years is so keen on 'protecting' Taiwan relative to previous decades.
Well, once Fatty Xi start producing that, I suggest they bomb TSMC
KTV妹妹说,香港人无义,台湾人无情,新加坂人无智
>
Posts: 9,525
   
Threads: 8
    
Likes Received: 2,880 in 2,262 posts
Likes Given: 1,003
I found this.......
China holds 25,132,122,000 barrels of proven oil reserves as of 2016, ranking 14th in the world and accounting for about 1.5% of the world's total oil reserves of 1,650,585,140,000 barrels. China has proven reserves equivalent to 5.4 times its annual consumption.
That means in 2016 its reserves can last 5.4 years without import. By now it shud be more I guess and that is why Biden not shiok and asked Xi to use them up so that he can blockage oil from entering China in the event of Taiwan war.....
Thinking is difficult, that's why most people judge
Carl Jung
>
Posts: 39,989
   
Threads: 2,273
    
Likes Received: 5,798 in 5,058 posts
Likes Given: 4,079
(18-11-2021, 12:23 PM)debono Wrote: Shale oil is an exhaustible commodity and US had mine much of that. Now that the shale oil is depleted US has no choice but to buy crude oil from OPEC or other oil producing countries..
You don't know that USA is now a net exporter of oil?
Which era are you living in?
In 2020, the United States exported about 8.50 MMb/d of petroleum to about 174 countries and 4 U.S. territories.
(This post was last modified: 18-11-2021, 01:12 PM by
cityhantam.)
Posts: 14,923
   
Threads: 10,475
    
Likes Received: 2,344 in 2,141 posts
Likes Given: 398
(18-11-2021, 01:02 PM)Huliwang Wrote: I found this.......
China holds 25,132,122,000 barrels of proven oil reserves as of 2016, ranking 14th in the world and accounting for about 1.5% of the world's total oil reserves of 1,650,585,140,000 barrels. China has proven reserves equivalent to 5.4 times its annual consumption.
That means in 2016 its reserves can last 5.4 years without import. By now it shud be more I guess and that is why Biden not shiok and asked Xi to use them up so that he can blockage oil from entering China in the event of Taiwan war.....
These reserves need to be extracted. They are different from strategic reserves which are already extracted and just stored somewhere for emergency or whatever usage. Strategic reserves are needed for emergencies or whatever reason. Cannot wait for extraction during emergencies lah.
(This post was last modified: 18-11-2021, 01:21 PM by
Levin.)
Posts: 25,724
   
Threads: 18,111
    
Likes Received: 2,225 in 2,068 posts
Likes Given: 24
Maybe last time, they could go for war in the Middle East. Once they were there, the pipelines were connected. The oil would be stored elsewhere.
Posts: 990
   
Threads: 3
    
Likes Received: 299 in 245 posts
Likes Given: 345
US President also called Opec+ 3 times to increase production but they ignored him few months ago when oil prices keep going up. To solve its own oil consumption US should be releasing its stockpile not asking other oil producing countries to increase production, release from stockpile.
The following 1 user Likes A2Z's post:1 user Likes A2Z's post
• CHAOS
Posts: 27,224
   
Threads: 6,848
    
Likes Received: 4,542 in 4,133 posts
Likes Given: 1,943
(18-11-2021, 01:08 PM)cityhantam Wrote: You don't know that USA is now a net exporter of oil?
Which era are you living in?
In 2020, the United States exported about 8.50 MMb/d of petroleum to about 174 countries and 4 U.S. territories.
The US wants to replace Saudi....Electric Cars will kill its dream.
Posts: 12,256
   
Threads: 514
    
Likes Received: 2,587 in 2,294 posts
Likes Given: 817
China should not announce the amt and % because USA can assess their stockpile and holding period for china
Posts: 5,408
   
Threads: 34
    
Likes Received: 1,923 in 1,472 posts
Likes Given: 370
That time when oil went negative, I think Chinese bought a lot and took order.
Electric car or whatever else, during a war it's still going to be oil that matters... Electric cars can't go to war... Sitting ducks.. planes can't fly without oil...
Posts: 15,419
   
Threads: 1
    
Likes Received: 3,161 in 2,968 posts
Likes Given: 83
although joe look likeXi there is a difference
xiOne is KM
JoeOne is BritAmerica
BritAmerica has Klaus Schwab arrested.
the 4th Reich does HitLER sounds a bell
or her daughter
nevermind if too complicated.
(This post was last modified: 18-11-2021, 08:35 PM by
singlon.)
Posts: 39,989
   
Threads: 2,273
    
Likes Received: 5,798 in 5,058 posts
Likes Given: 4,079
【頭條開講】自己不挖頁岩油!叫全球釋原油!美國油價壓不下!背後原因竟是拜登!@中天電視 精華版
Users browsing this thread: 1 Guest(s)