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Are these countries being very conservative or do their oil supply get impacted by a couple weeks of war? If so that is a very concerning situation
by yalogin 7mo ago
Are these countries being very conservative or do their oil supply get impacted by a couple weeks of war? If so that is a very concerning situation
- ebbi 7mo agoSomething I heard from an analyst online (can't find source unfortunately) said that China has a 90 day supply for gas, whereas it's 10 days for Taiwan. Not sure this applies to all fuel types, but it may give an indication of the buffer that some of these major Asian countries are working with.
- xboxnolifes 7mo agoAnd its worth pointing out that China recently stocked up their strategic oil reserves to a significant degree. They would be the very tipping top high end of reserves.
- kombookcha 7mo agoI read somewhere that Australia has 10-14 days of gasoline supply - I have no idea how many countries run this tight and exposed, but it seems to be surprisingly widespread - it's wild how the global economy runs on just-in-time shipping of energy imports.
- lawgimenez 7mo agoThe closest gas station in my area is out of stock already. I'm in Philippines, totally miles away from the war.
- yalogin 7mo agoWow! Thanks for the info. This is much more dire than I had imagined. Hope it stops quickly and normalcy resumes