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.
Hi Peter. All good points, my response was more directed towards the other poster that was sort of implying that the only place that could supply China energy was the US. The countries I listed were from a quick google search of China’s top energy imports by country of origin 2020. It may not be 100% accurate and it it’s more complicated as you say. Totally agree with what your saying.
BTW: I didn’t realize China was a major re-exporter of LNG. Maybe that’s were Australia was looking to import cheap LNG from for our East Coast domestic market even though we’re one of the worlds largest exporters of LNG.
China's economy is contracting just as Russia's is--which means their structural demand for natural gas and even oil is reduced at the moment. China has been seizing the moment to flip some surplus shipments of LNG to Europe at a nice markup.
Which is a testament to the precarious state of China's reserves of coal and hydro heading into winter--Beijing told the LNG exporters to stop, and stockpile the natural gas instead.
China is looking to do some value-add flipping of Russian oil by refining it first then selling the distillates and refined products back to Europe, and that still seems to be on the table.
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.
Hi Peter. All good points, my response was more directed towards the other poster that was sort of implying that the only place that could supply China energy was the US. The countries I listed were from a quick google search of China’s top energy imports by country of origin 2020. It may not be 100% accurate and it it’s more complicated as you say. Totally agree with what your saying.
BTW: I didn’t realize China was a major re-exporter of LNG. Maybe that’s were Australia was looking to import cheap LNG from for our East Coast domestic market even though we’re one of the worlds largest exporters of LNG.
China's economy is contracting just as Russia's is--which means their structural demand for natural gas and even oil is reduced at the moment. China has been seizing the moment to flip some surplus shipments of LNG to Europe at a nice markup.
Which is a testament to the precarious state of China's reserves of coal and hydro heading into winter--Beijing told the LNG exporters to stop, and stockpile the natural gas instead.
China is looking to do some value-add flipping of Russian oil by refining it first then selling the distillates and refined products back to Europe, and that still seems to be on the table.