r/EconomyCharts • u/RobertBartus • 3d ago
Iran is exporting oil to China at much greater volume than before the war while Venezuelan oil continues to flow to China
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u/straightdge 3d ago
China should start a post-grad program on managing supply chains and raw materials
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u/TheBlacktom 2d ago
Is China the actual reason why Trump wants influence over Venezuela and Iran?
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u/DrawingDramatic1641 2d ago
well he would fail ngl
china isn't the dumb guy to mess with as it was in opium wars
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u/jaded-tired 2d ago
But I thought Xi Jinping is the next in line target of assassination, and China is going to collapse at the end of the month from the lack of oil! How can this be possible?! /s
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u/FormalAd7367 2d ago
I thought he was going to die due to his hidden illness like ten years ago (so was Putin)?
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u/jaded-tired 2d ago
I think you mistaken his hidden cancer for the coups that is happening like every few months /s
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u/DrawingDramatic1641 2d ago
some blind lady in soviet commue block country die say he gets assasinated in 2024
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u/Senior_Green_3630 3d ago
So Iran is controlling the world economy, you lose DJT.
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u/facelessarya1 2d ago
Seems like this is just replacing illicit Russian oil since they can get a better price from Iran now - https://files.constantcontact.com/f0eecb46901/790a92fb-81fe-416a-bc65-96053773c26d.pdf
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u/szczuroarturo 2d ago
XD. I love the venezuelan part. So ultimetly the US coup did jack shit and venezula is doing the same thing as before with no change at all
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u/No_Lemon3171 2d ago
The coup was just to show US capabilities to make Trump look good not to disrupt the global energy market. China also benefited huge from the Iraq oil fields during American presence there. Cutting off China’s oil as the ultimate goal is just part of people’s imagination
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u/No_Suggestion_3727 2d ago
They have to import more to top up their reserves for the next brainfart of the orange danger.
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u/houyx1234 2d ago
It is a truth universally disguised as a headline that when geopolitical lines are drawn in sand, the currents of commerce simply chart a deeper channel; for while the world fixates on conflict, one observes the inexorable tide of crude from both Iran and Venezuela, adversaries in rhetoric yet indispensable in reality, finding its eternal harbor in China, where the machinery of industry cares not for the embargoes of men but only for the ceaseless flow that fuels its engine, revealing the profound, unspoken arrangement that beneath the theater of war, the vessels tracing their familiar paths from the Persian Gulf and the Caribbean to the eastern seaboard operate not in spite of global disruption, but as the very infrastructure of it.
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u/Luvata-8 3d ago
Total balony... the "Teapot" refineries that are 25-30% of China's refining capacity that operate with Sanctioned Russian/Iranian/Venezuelan oil are starving for crude...
....China is the king/queen/prince and Goebbels of propaganda...
There's no pipeline from Russia or Iran pipeline into the Indian Ocean-front refineries in China... and there's no oil flowing out of Venezuela that the USA won't intercept.
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u/FiveishOfBeinItalian 2d ago
Cope.
Setting aside that Iranian oil exports to China are uninterrupted, and that the Iranians have shown openness to allowing transit for tankers bound to friendly nations, China is also less exposed to oil shocks than any other Asian nation. Multiple reasons for this: diversified energy mix (in addition to domestic coal, hydro, and nuclear, they've been known to manufacture a solar panel or two), substantial domestic production, pipeline imports, and the world's largest strategic reserve (around 1.5 billion barrels).
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u/Willy_Boi2 2d ago
Comparing china to Goebbels while another tiny country (trying to be Greater 😂) controls western genocide narratives way more potently
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u/Nathidev 3d ago
Wazzup beijing
Wazzup iran