"The world runs on oil. The USA is getting back to controlling the world’s oil"
“Torn between strategic gain and economic risk, Beijing bets on how far it can back Tehran without fully provoking Washington.”
"Red China is hurting for certain. The world’s largest oil importer lost oil from Iran and Venezuela, which supplied 15% of the oil it bought last year.
"Under Trump, the USA is a net exporter of oil. That should be the case for decades to come because thanks to President Trump and Chief Warrant Officer Five Eric A. Slover, America now controls 65 billion barrels of oil in Venezuela. Slover is the helicopter pilot who took a licking of bullets but kept on ticking as the military extracted Maduro on January 3, earning a Medal of Honor.
"Trump wisely kept Maduro’s veep—Delcy Rodriguez—as interim president because she was more malleable than a popular president would be. He got her to sign over control of 65 barrels of oil in the ground—more than doubling oil reserves controlled by the USA (we have 46 billion barrels in the USA.)
"This is bad news for Red China, which always delights me. The commies imported 11.6 million barrels per day in 2025. That was 70% of the oil the Chinese used.
"This year, its imports have fallen by 11%—down to 7.1 million bpd in June. It rebounded slightly in July and with the re-opening of the Strait of Hormuz, it should rise as Saudi and Iraq will be able to deliver almost 3 million bpd (combined) again.
"Iran won’t. It was delivering 1.4 million bpd. Nada now. Between Iran and Venezuela, Trump now controls 15% of the oil Red China imported last year.
"Chairman Xi may own American colleges, American media and the Uniparty in DC, but Trump controls the oil." . . .
. . . "The short answer is not very far because Trump knows the value of what he holds. Oil for rare earth elements would be a nice deal if you could trust Red China. So it is not going to happen. Trump also controls the currency." . . .More.
Another Long Twilight Struggle | The American Spectator
"The French writer Charles Baudelaire once noted that “The Devil’s cleverest wile is to make men believe that he does not exist.” Beginning in the 1980s and continuing to the present, the CCP’s “cleverest wile” was and is to make Americans believe that the leaders of the CCP are no longer communists."
. . . "That doesn’t mean that this geopolitical rivalry will end in war. Chinese strategic thought reaches back to Sun Tzu, who in the fifth century B.C. counseled: “To subdue the enemy without fighting is the acme of skill.” The United States, meanwhile, won the first long twilight struggle against the Soviet Union by combining George Kennan’s preferred “patient, firm and vigilant” containment with the political, economic, and subversive warfare of the Reagan administration." . . .
No comments:
Post a Comment