If true, then this development would be very revealing in the context of China exploring the parameters of a New Détente with the US, and it could also influence the further strengthening of the Russian-Indian Strategic Partnership if Delhi compensates for Beijing’s possibly reduced consumption of Moscow’s oil.
Does the US actually have oil to sell to China? Haven't fuel prices gone up at least 3 or 4 times in the US? Didn't the US's attempt to intimidate OPEC to raise production fail grotesquely? Didn't Biden have to release 15 million barrels from its Strategic Oil Reserve for local shortages? Or is it US natural gas that China will buy? For sure China needs to dump the trillion or two of US Petro/dollar reserves
Never, ever, ever, trust China. They will agree to anything and continue to pursue the interests of the Han Horde without regard to honor or decency, foreign concepts to them.
I always wonder at analyses of energy exports and imports about the other side of the ledger. Even within the SWIFT payments system, credits and debits must eventually balance, even with outside 'loans'. In the case of China, we know she has oodles of spare dollars, so it makes sense to use them up buying oil from America, but Russia outside of SWIFT must receive the equivalent of commodities in trade relations. So, what does India offer to Russia?
Does the US actually have oil to sell to China? Haven't fuel prices gone up at least 3 or 4 times in the US? Didn't the US's attempt to intimidate OPEC to raise production fail grotesquely? Didn't Biden have to release 15 million barrels from its Strategic Oil Reserve for local shortages? Or is it US natural gas that China will buy? For sure China needs to dump the trillion or two of US Petro/dollar reserves
Never, ever, ever, trust China. They will agree to anything and continue to pursue the interests of the Han Horde without regard to honor or decency, foreign concepts to them.
The interplay between the world's "great nations" reminds me of the behavior of the Duke brothers in the movie TRADING PLACES.
We all need to relax.
The Beatles - Strawberry Fields Forever - YouTube
https://www.youtube.com/watch?v=HtUH9z_Oey8
I always wonder at analyses of energy exports and imports about the other side of the ledger. Even within the SWIFT payments system, credits and debits must eventually balance, even with outside 'loans'. In the case of China, we know she has oodles of spare dollars, so it makes sense to use them up buying oil from America, but Russia outside of SWIFT must receive the equivalent of commodities in trade relations. So, what does India offer to Russia?