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Globalization is sponsored by the US, and the US could reverse that. Without US defense of oil shipping routes, China sucks oil through a long, thin straw from
by Zigurd 4y ago
Globalization is sponsored by the US, and the US could reverse that. Without US defense of oil shipping routes, China sucks oil through a long, thin straw from an unreliable partner.
Just those two factors amount to material risk.
- wkat4242 4y agoDon't forget that China has significant oil reserves too, they're just hardly tapping them because they know oil only becomes worth more over time.
- throwaway6734 4y agoIirc they are highly dependent on fertilizer imports as well
- yucky 4y agoThe Russia/China border isn't a very thin straw though.