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And it would be worse if China didn't take extraordinary actions to cut its oil consumption by 40% yoy - back to the level of consumption from 19 years ago: ht
by Arodex 3mo ago
And it would be worse if China didn't take extraordinary actions to cut its oil consumption by 40% yoy - back to the level of consumption from 19 years ago:
https://www.axios.com/2026/07/30/china-oil-price-iran-power https://www.axios.com/2026/07/30/china-oil-price-iran-power
If they can't sustain that level, or decide to stop taking action, the level of pain is going to be immense.
- thelastgallon 2mo agoIf they wanted to inflict pain on USA and bring about a regime change, they probably wouldn't have done that. Most likely, having the current admin in power is the best thing for China: shows them as a reliable trade partner, boosts solar and EV exports, etc.