4 ms·
> 80% of your economy? Or more expensive energy? Logically they are the same thing. Economy makes things with energy.
by antisthenes 2y ago
> 80% of your economy? Or more expensive energy?
Logically they are the same thing. Economy makes things with energy.
- jncfhnb 2y agoLet’s use common sense though please. What’s more important? ~90% of government revenue that has no substitute? Or ~10% of oil imports for which there are a plethora of alternatives?
- AnimalMuppet 2y agoWell, see, that was my question. Are there a plethora of alternatives for China? If they cut off Iran, where would they get the replacement oil from? Who has the capacity. Are they willing to sell to China? If so, at what price? If it's freely available, and at the same price, that answers my question. If it's only available at a higher price, then the question is, what does that higher price do to China's economy? And if it's not available at all, what does the absence do to China's economy? You said "a plethora of alternatives". Are there, really? Can you (or someone) show that others are ready and willing to supply that much oil?
- jncfhnb 2y agoNo matter what kind of interesting questions you want to pose, shutting down ~90% of tax revenue is worse than shutting down 10% of one source of energy. It’s frankly very silly to hypothesize otherwise.