Who really cares if Chiii-na has energy? Maybe their people will be able to breathe relatively clean air for a couple of days if they can't burn coal. Even so, I'm not going to worry about people in a country that wants to take my country over and kill us all off, because we're not Asian.
What happens in China rarely stays in China--and I am not just talking about SARS-CoV-2.
China's economic woes impact all the economies of the Pacific Rim. China's economic woes impact a number of supply chains that deliver goods into the United States. China's economic woes ultimately impact the US economy, and not necessarily in a good way.
If winter weather spawns an energy crisis in China, they are of a size to bid up further the prices of oil, coal, and natural gas worldwide--and that could make winter heating even more expensive for the United States.
What happens in China rarely stays in China. That's why it matters.
Russia not so much, although Russia might have some success selling coal to China. Coal has to be transported by rail anyway, and so the lack of pipeline infrastructure is less of an obstacle there. However, China is less an enthusiastic purchaser of Russian energy exports than you might think. Despite Putin forking over billions for the Power of Siberia pipeline, China purchases more natural gas from Turkmenistan than from Russia.
But no matter where China buys its coal, oil or natural gas, the more they buy the more the prices of these commodities get bid up worldwide. China can move the needle on West Texas Intermediate without even actually buying a single barrel of it.
Who really cares if Chiii-na has energy? Maybe their people will be able to breathe relatively clean air for a couple of days if they can't burn coal. Even so, I'm not going to worry about people in a country that wants to take my country over and kill us all off, because we're not Asian.
What happens in China rarely stays in China--and I am not just talking about SARS-CoV-2.
China's economic woes impact all the economies of the Pacific Rim. China's economic woes impact a number of supply chains that deliver goods into the United States. China's economic woes ultimately impact the US economy, and not necessarily in a good way.
If winter weather spawns an energy crisis in China, they are of a size to bid up further the prices of oil, coal, and natural gas worldwide--and that could make winter heating even more expensive for the United States.
What happens in China rarely stays in China. That's why it matters.
We will probably be one of the countries supplying them with fuel for heating this winter.
We are already selling our strategic oil stock pile to them.
No need, Russian Federation, Saudi Arabia, Iraq, Australia and Angola probably already got ya’ covered 😀
Saudi Arabia maybe (but at a premium).
Russia not so much, although Russia might have some success selling coal to China. Coal has to be transported by rail anyway, and so the lack of pipeline infrastructure is less of an obstacle there. However, China is less an enthusiastic purchaser of Russian energy exports than you might think. Despite Putin forking over billions for the Power of Siberia pipeline, China purchases more natural gas from Turkmenistan than from Russia.
But no matter where China buys its coal, oil or natural gas, the more they buy the more the prices of these commodities get bid up worldwide. China can move the needle on West Texas Intermediate without even actually buying a single barrel of it.
What happens in China rarely stays in China.