US asks China to release oil reserves to dampen US inflation
#22

(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..... Rolleyes

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.
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Messages In This Thread
US asks China to release oil reserves to dampen US inflation - by Levin - 17-11-2021, 09:40 AM
RE: US asks China to release oil reserves to dampen US inflation - by cityhantam - 17-11-2021, 09:43 AM
RE: US asks China to release oil reserves to dampen US inflation - by debono - 17-11-2021, 09:21 PM
RE: US asks China to release oil reserves to dampen US inflation - by cityhantam - 17-11-2021, 09:27 PM
RE: US asks China to release oil reserves to dampen US inflation - by singlon - 17-11-2021, 09:28 PM
RE: US asks China to release oil reserves to dampen US inflation - by Niubee - 18-11-2021, 07:05 AM
RE: US asks China to release oil reserves to dampen US inflation - by Levin - 18-11-2021, 07:13 AM
RE: US asks China to release oil reserves to dampen US inflation - by Blin - 17-11-2021, 10:15 AM
RE: US asks China to release oil reserves to dampen US inflation - by CHAOS - 17-11-2021, 10:17 AM
RE: US asks China to release oil reserves to dampen US inflation - by Harry Lee - 17-11-2021, 11:28 AM
RE: US asks China to release oil reserves to dampen US inflation - by cf9 - 17-11-2021, 09:17 PM
RE: US asks China to release oil reserves to dampen US inflation - by Tangsen - 17-11-2021, 09:42 PM
RE: US asks China to release oil reserves to dampen US inflation - by Levin - 18-11-2021, 06:01 AM
RE: US asks China to release oil reserves to dampen US inflation - by Tangsen - 18-11-2021, 12:58 PM
RE: US asks China to release oil reserves to dampen US inflation - by RiseofAsia - 18-11-2021, 06:52 AM
RE: US asks China to release oil reserves to dampen US inflation - by debono - 18-11-2021, 12:23 PM
RE: US asks China to release oil reserves to dampen US inflation - by Levin - 18-11-2021, 12:34 PM
RE: US asks China to release oil reserves to dampen US inflation - by cityhantam - 18-11-2021, 01:08 PM
RE: US asks China to release oil reserves to dampen US inflation - by lvlrsSTI - 18-11-2021, 04:23 PM
RE: US asks China to release oil reserves to dampen US inflation - by sgxin - 18-11-2021, 12:08 PM
RE: US asks China to release oil reserves to dampen US inflation - by starbugs - 18-11-2021, 12:56 PM
RE: US asks China to release oil reserves to dampen US inflation - by Huliwang - 18-11-2021, 01:02 PM
RE: US asks China to release oil reserves to dampen US inflation - by Levin - 18-11-2021, 01:19 PM
RE: US asks China to release oil reserves to dampen US inflation - by theold - 18-11-2021, 03:30 PM
RE: US asks China to release oil reserves to dampen US inflation - by A2Z - 18-11-2021, 03:50 PM
RE: US asks China to release oil reserves to dampen US inflation - by Niubee - 18-11-2021, 07:15 PM
RE: US asks China to release oil reserves to dampen US inflation - by Sticw - 18-11-2021, 08:33 PM
RE: US asks China to release oil reserves to dampen US inflation - by singlon - 18-11-2021, 08:34 PM
RE: US asks China to release oil reserves to dampen US inflation - by cityhantam - 21-11-2021, 01:27 AM

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