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(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
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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
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(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.)
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(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.)
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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.
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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.
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• CHAOS
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(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.
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China should not announce the amt and % because USA can assess their stockpile and holding period for china
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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...
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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.)
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