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China can feed itself. It doesn't have to be beyond subsistence level. China runs like every other country on oil, but a large part of that demand for oil is t
by beaunative 6y ago
China can feed itself. It doesn't have to be beyond subsistence level.
China runs like every other country on oil, but a large part of that demand for oil is to produce for the rest of the world. You need to calculate the actual domestic demand for oil and related products rather than total demand. The US can supply its energy domestically, but what if the US have to reopen the factories once closed to make other products? Will the oil be fluent? Oil isn't just the thing you put in your car. You'd be surprised how many of our modern products need oil (plastic, fabric etc).
Of course, those statements are made under the same assumption that there are only China and US in the world, or that the whole world go in to isolationist status. I'd rather not make any argument here, but to suggest somehow China's continued survival depended upon the global market while the US's doesn't is nothing more than an illusion.