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> No, it's because oil is still transiting the strait. This Youtuber did a napkin math to show this effect, plus the land pipeline and other supply increases c
by nextaccountic 2mo ago
> No, it's because oil is still transiting the strait.
This Youtuber did a napkin math to show this effect, plus the land pipeline and other supply increases can't be the sole explanation https://www.youtube.com/watch?v=BkA0bkb6ZO0 https://www.youtube.com/watch?v=BkA0bkb6ZO0
There was a sharp decrease in demand too, and China did it without domestic oil shortages
- tristanj 2mo agoThat author greatly overstates China’s role as the single savior and doesn't address the covert fleet of tankers doing daily blockade runs. He (wrongly) attributes everything to China.
- defrost 2mo ago> attributes everything to China aside from: petro-monarchs in Abu Dhabi and Riyadh [...] Ministers in Washington and Tokyo [...] state-led rationing in poorer countries as listed in the first paragraph.