Incredibly lucky that the US has billions invested in green energy projects that are currently being constructed. Im sure all those new solar and wind farms will be very helpful at a time like this /s.
90
[deleted]4 days ago
+48
[deleted]
48
Tabbyredcat4 days ago
+8
I don't know about that. China is still extremely dependent on fossil fuels, has to import pretty much all of them and absolutely needs the strait of Hormuz to be open.
8
Regularjoe424 days ago
+20
This isn't about using clean energy, it's about selling it.
20
Tabbyredcat4 days ago
+7
Oh sure, they'll profit on that. But they still have enormous supply problems right now, like pretty much all Asian countries.
In Europe we're switching to renewables fast too, but we won't get total energetic independence until 2050....and this crisis is happening now.
7
notloggedin42424 days ago
+2
I read that Europe has aviation fuel supplies of about 6-8 weeks at the moment.
2
Trumpswells4 days ago
+1
Deutsche Lufthansa will cancel some European routes and 20,000 short-haul flights scheduled until October in a bid to save jet fuel.
1
Tabbyredcat4 days ago
My country in particular has no shortage of aviation fuel, but yes, I've read that UK, France and Italy do have problems.
0
Apprehensive-Log36384 days ago
-2
Issue is you need fossil fuel to make the clean energy. No fossil fuel, all the factories, equipment and materials required to make batteries, solar panels etc. stop producing. US actually has China over a barrel here.
-2
AndyTheSane4 days ago
China is self sufficient in coal, which is the big source here.
0
Apprehensive-Log36384 days ago
+3
Energy generation is only a part of Oil usage. China is also the second largest consumer of Oil so there is also that.
3
Practical_Chemtrail3 days ago
+1
Check out how China is converting coal to oil and various oil derived petrochemicals. It’s wild.
1
WISavant4 days ago
+4
The above statement isn't about what is happening to China today or in the next few months. It's about how they are positioning themselves to be stronger over the coming decades.
4
Tabbyredcat4 days ago
Right, but I doubt this war will take decades. Regarding the **current** crisis, which is the topic under discussion, China is not having a good time at all.
0
WISavant4 days ago
+2
That may be the point of the thread but it's not the topic under discussion. The post you replied to was specifically talking about how China has used this and the past two economic shocks to further its dominance on the global stage in the long term. The short-term pain they are feeling from this oil shock wont hamper that dominance.
2
Tabbyredcat4 days ago
+2
China were already selling us Europeans tons of solar panels and EV batteries, because we too want to achieve energetic independence.
Americans don't want to switch to renewables, in fact they recently paid 1B$ to Totalenergies so they did NOT install wind turbines in the US, so that market is gone for China, while it probably was still there during Biden.
No, this crisis is very, very bad for China because they still depend enormously on fossil fuels. Well, it's bad for all of us, but especially for Asian countries who have to deal with big supply problems while we in the West "only" have to deal with high prices.
2
charmbrood4 days ago
+2
If China wants Taiwan they need a lot of fuel and i mean a lot.
This war with Iran hurts China a lot and I'm sure the US know that. I think this war is as much about china aswell as Iran
2
Apprehensive-Log36384 days ago
+1
Issue with this way of thinking is the focus on outputs, not inputs. What powers the excavators to mine lithium? What powers the transportation of heavy materials from A to B? What is used to create plastic used in every green technology? Oil is not just going in a gas tank. It is used in millions of different ways throughout an economy.
1
[deleted]4 days ago
+2
[deleted]
2
No-Space9373 days ago
It absolutely isn't why do people keep saying this.
China had 5 million barrels of oil per day coming in from the strait at the start of the war. That was gone the second the war started and their strategic reserves have had to make up for it since that start of the war. They have roughly 4 months of reserves at current usage, this is a huge issue if the strait does not reopen. A lot of oil is already traded in long term contracts, and any available shipping China is able to receive will need rerouted tankers with months added to delivery dates.
The US is going to see higher energy prices like the rest of the world but thats it, China is facing a supply shortfall which is exponentially worse and will see entire sections of their economy shutting down if nothing changes in the current situation.
*edit, also of note is the Unsanctioning of Russian oil that was previously only heading to mainly China and India now both being more expensive and open to a larger market which will effect Chinese supply as well. It was also receiving heavily discounted oil from Iran and any oil they do manage to replace will be at a massive relative price increase. Every single aspect of this oil crisis hits China harder.
0
Doughtnutz4 days ago
+6
He'll be remembered in the Hall of Flames.
6
freezeontheway4 days ago
+8
Imagine it, what will the books or the stories told in the future say about these times, 500 years from now? It’s a shame we won’t be around to know how our era will be remembered.
8
BruteBassie4 days ago
+10
With the way things are going, I wonder if anyone will be around at all 500 years from now.
10
Do_itsch4 days ago
+5
Yes, thanks America! 💀
5
Key-Web56784 days ago
+1
It should follow his bloodline
1
Alive_Internet4 days ago
-25
History may view this more positively than Listnookors think. The energy crisis completely cripples China, but barely affects the US. This puts the US in its most advantageous geopolitical position in decades. If the blockade can successfully take down China, history books may give credit to Trump for helping America destroy its top adversary without any violence.
-25
mreman12204 days ago
+14
You are living under a rock. China has been massively ramping up solar and wind energy. So much so, that it has started exporting materials for them around the world. Trump and maga have been screeching about China taking over the world and have basically assured it happens.
This war, and the war in Ukraine, have made it abundantly clear to the rest of the world that it needs to diversify energy production. The United States is desperately trying to convince everyone that fossil fuels aren't going anywhere or should still be the primary fuel source. No one is convinced.
Geopolitically, the Trump administration has been nothing short of a complete disaster for the US. I am a former Republican who doesn't even remotely like China. Trump played right into China's hand by isolating itself, pissing off its allies, and starting this war.
14
Sieve-Boy4 days ago
+7
Cripples China?
The centre of the worlds renewables manufacturing? More renewables are brought only per year in China that most other nations have across their entire fleets of power generation.
More EVs are made and sold in China than the rest of the world combined and EVs make up the majority of sales in China.
Carbon fuels, especially oil, are a dead end and China figured this out decades ago.
7
azhillbilly4 days ago
+3
Nah. China will buy American oil and American oil companies will sell it to them without even thinking about the US market. They literally will sell to the highest bidder, unless the US nationalizes the oil companies.
Pound for pound, it’s going to come down to who’s using oil for the largest percentage of their energy. The US has a lot less EVs and drive a lot more. Plus all the other uses of oil (like plastic) are going to be hurting the final consumer most, which is the US.
Basically any pain felt by China is going to be shared/intensified on the US.
3
IKillZombies4Cash4 days ago
+13
Iran knows that if they hold their cards for another 2-4 weeks, oil is going to 150+, and all those suspect trades that happened right before the 'cease fire' will have to pay up or deliver oil...so its a short squeeze.
Then its pain. Also, all physical oil shipments that made it out in late february got delivered in the last week - there is nothing on the seas. Even if they open it now, those tankers move at the speed of a bicycle.
13
freezeontheway4 days ago
+98
Honestly, how does anyone have the strength to deal with this kind of shit constantly? How is a worker supposed to cope with the tantrums of leaders that end up causing these global problems? What kind of dystopian world are we living in for this to have been a reality for millennia? For f***’s sake, can’t we all just get along? I’m tired of these 1984-type times, with billions of people being “managed” by a bunch of egocentric pricks. What a fucked-up life.
98
Creatret4 days ago
+33
Don't follow the news. Maybe once a week you can check it but you don't need an everyday feed of Trumpish brainrot.
33
TR_Pix4 days ago
+30
People not following the news is what led us to this point
30
Commercial_Train56943 days ago
+3
Really hard to do if trumpish brainrot directly impacts your life
3
freezeontheway4 days ago
+5
I completely agree with you. The afternoon news, or the typical evening news broadcast, the older I get, the more I realise that, out of 100% of the information they give you, a lot of it is often distorted or presented through the government’s point of view (insert country here lol, because honestly I think it works everywhere), and you end up with a sensationalist, nationalist, or just ignorant opinion.
I’d really love to keep this stuff..this "news"... out of my life, but I work implementing technology in companies, and sadly this type of events dictates how business develops in the near future. If I knew back then what I know today, maybe I would’ve just stuck to agriculture and stayed ignorant, since life is so much simpler when you live like that. And this is only one small part of the shit life that’s coming over the next 100 years.
Privacy is dying, your personal information isn’t personal anymore, and the law only seems to be enforced against little guy who just wants to work, if someone loses their head in traffic and slaps someone, they can ruin their whole life over it. Meanwhile, you’ve got thousands of children, adults, infrastructure, and essential goods being destroyed with the simple click of a button. At this point, all you can do is wake up and laugh so you don’t go insane.
5
Creatret4 days ago
+9
I don't think following the news once a week is being ignorant. Just think about how much feed you have on a daily basis and what you remember a week later, let alone two. Close to nothing.
I grew up in a time when dialing into the web took a few minutes. Being online in one way or the other constantly is extremely unhealthy in a ton of ways. First your mental health suffers and I don't think most people realise just how much f****** time everyone wastes online. Not just news, funny videos, whatever.
If you spend just 20 minutes daily on learning something new you will reach intermediate levels in a short time. That goes for learning languages, instruments, reading books, learning a new skill, doing stretches, anything really.
9
Jtrain3604 days ago
Its more than just the news though. Even music radio stations have news every hour. Listnook, imgur, Facebook, pretty much all social media is flooded with all his shit. Even if I disconnect from the internet, its all everyone around wants to talk about. Theres no escape.
0
freezeontheway4 days ago
+2
Believe me, just yesterday I came home with the radio off, just silence, because it’s impossible. You’re right, I only use Listnook, and honestly, it’s already starting to f*** with my head. I feel like my grandfather saying the future is scary, but honestly, that’s what’s happening.
2
morfanis3 days ago
Using only Listnook is not good for your health. While there is informed opinion on here the vast majority is sensationalism and herd mentality.
0
Creatret4 days ago
+2
That's kinda the point. On listnook you have near total control over your content. On many other social media sites you don't have that.
But why do you actively need to follow the news constantly? Any major news you'll find out either indirectly or from other people. So you don't have to so that every day.
2
bandwarmelection4 days ago
-3
> Don't follow the news.
How can anyone get this information if they do not read your comment? Your comment is *news* after all. Your assertion is self-defeating.
Rather say: Read ALL the news!
The problem is that people do not read anything much.
Let's get started a little bit:
Stately, plump Buck Mulligan came from the stairhead, bearing a bowl of lather on which a mirror and a razor lay crossed. A yellow dressinggown, ungirdled, was sustained gently behind him on the mild morning air. He held the bowl aloft and intoned:
—*Introibo ad altare Dei.*
---
Congratulations! You have now started reading ALL the news, also known as Ulysses by James Joyce.
Now that you have started, go all the way and read the rest of it here:
https://www.gutenberg.org/cache/epub/4300/pg4300-images.html
-3
smitteh3 days ago
+1
We have our weapons, social media/the Internet/wallets. Once we figure out how to combine them and finally utilize our advantage, we could change our world for the better overnight. Its a shame though, all we've figured out how to do is use them to b****, moan, complain, and point our fingers at one another nonstop.
Seriously, organize a f****** strike already. Or pick an oligarch mega Corp and stop doing business with it. If we do these things, we win
1
PretendFly84914 days ago
+15
"Like no one's ever seen before."
15
freezeontheway4 days ago
+5
Have we seen this before in the past?
5
The_Parsee_Man4 days ago
+7
We saw higher gas prices in 2022. So yeah, and not even that long ago.
https://www.macrotrends.net/3591/us-gasoline-prices
The guy in the picture looks old enough that he'd remember.
7
Northern_Ice_25014 days ago
+1
Can I ask what caused higher gas prices in 2022?
1
Pariahb3 days ago
+1
The start of the war in Ukraine, probably.
1
Fancy_Exchange_98214 days ago
+18
The prices of oil went up but im genuinely surprised to see the price still stable where i live at least at 3.40 a gallon in the US
18
Slipsonic4 days ago
+3
It's because they're keeping the paper price of oil cheaper while they can by short selling futures. Oil is in a short squeeze, and it can't last forever. Can't print physical oil. Spot price people are actually paying for physical oil is well above $100.
3
jeffersonianMI4 days ago
+5
Someone in Sri-Lanka took a shipment at $280. Singapore is commonly buying at $200 on the spot market. I've heard a lot of other prices around $150 for delivery. If this doesn't end soon the paper market should hit these kinds of numbers, if only briefly, though maybe not if people keep the bidding up.
5
Slipsonic3 days ago
+2
I'm so tempted to buy oil futures right now. I have five grand in my account that has sat idle since the week after "liberation day". I don't know if I want to touch that hot stove though, and I'm not sure I ethically could handle making money on a crisis that is already making people suffer, with much more to come.
2
jeffersonianMI3 days ago
+2
I made a bunch of money on oil with calls on futures to in the run-up to '08 (+500% return in 6 month) and then I lost it all when housing went bust. I don't normally play the markets.
I have similar thoughts. But when the news moves unexpectedly it's painful.
2
[deleted]4 days ago
+1
[deleted]
1
btstfn4 days ago
+5
Quick Google says that $4 in 2008 is roughly equivalent to $6 now.
5
Alive_Internet4 days ago
-4
Exactly. The crisis hurts other countries way more than it hurts the US, so it’s technically putting the US in a more advantageous geopolitical situation by widening the gap between how well the US is doing and how well other countries are doing.
-4
Tabbyredcat4 days ago
+2
This crisis hurts mostly Asian countries.
In Europe and US the problem is the price, which is effected globally, not the supply.
In my (European) country today oil is like 25 cents cheaper than two weeks ago.
2
LowItalian4 days ago
+3
China is gaining ground though, that's the import point here. The western world is the one hurting, including the US.
Your defense is like yeah, we're going to drink poison in hopes the other guys die before we do. That's wild mental gymnastics, you're not looking at the big picture. Look at the bond market, the US is NOT doing well, consumer prices are only a small piece of the puzzle.
The financial system is so complex, and frankly corrupt at this point, they are misleading everyone, hiding the real truth. Gold, silver and bonds, that's a more accurate picture of the health of the world economy.
3
Fancy_Exchange_98214 days ago
+4
As long as china isn’t gaining physical ground then the US probably doesn’t care all that much
Luckily they can’t project power beyond their borders like the US can
4
WISavant4 days ago
+1
I know we live in the bad place, but most of the actual world recognizes versions of hard and soft power that don't include ships and bombs.
1
LowItalian3 days ago
+1
That's a pretty big claim you're making there, China can't project power beyond their borders? Besides our navy, what advantage does the US have over China? I can tell you they are passing us in manufacturing and technology, probably AI too. China is the sleeping giant and they have been for quite some time.
And quite frankly, they have way more competent leadership at the helm at this point.
1
Fancy_Exchange_98213 days ago
+1
They can’t project military power beyond their boarders is what I meant
They don’t have the same logistics the US military has worldwide
1
pentox704 days ago
+9
Just another "once in a generation" moment that happens every year for people born after the late 80s.
9
munchi3334 days ago
+12
I mean that is objectively false lol.
12
Canada19714 days ago
+20
The passive language in this headline and article is really misleading. The spike in the price of oil is fully the result of US and Israeli aggression in the region.
20
[deleted]4 days ago
-15
[deleted]
-15
FamousVillage18904 days ago
+5
Your brain doesn't function well, though.
It's why you are so susceptible to lies and misinformation.
5
Dom_Mazzetti_WoT-G-4 days ago
+3
This guy drinks the kool aide
3
Sweatytubesock4 days ago
+2
Would it fix things if we call it a Special Military Operation?
2
fallwind4 days ago
+2
Almost like we should convert to renewable energy or something for national security
2
IntelArtiGen4 days ago
+3
The biggest energy crisis in history ... yet !
It can be much worse. And this war is not even over, so even with this war it can get much worse.
3
darthshot4 days ago
+3
somehow they've misprinted "Trump" with "War in Iran".
3
motohaas4 days ago
+1
Sounds like more justification to embrace renewable energy sources
1
HobbesNJ4 days ago
+4
Instead, Trump is actively rejecting and abandoning such efforts.
4
Seven_Hawks4 days ago
+2
The US caused that.
2
Fearless_Ad_54704 days ago
+1
So who needs to be held responsible?
1
WatRedditHathWrought3 days ago
+1
Trump $20.28 a gallon
1
Severe_Air_43533 days ago
+1
Usa did it , gained nothing but enemies. I hate the USA for me not being able to afford gas . Costs more to go to work than what the wage is in the USA .
1
trogdor12343 days ago
+1
Price doesn’t say that.
1
xavandetjer3 days ago
+1
Asian countries have it the worst, most oil from the gulf went in that direction. In the west it's not so bad yet, but prices will increase alot more if this takes much longer, plus kerosine could run out in the eu about 6 weeks from now.
1
trogdor12343 days ago
+1
Price will go up everywhere. It’s a global market, though types of oil are a bit segmented who uses and who produces.
1
bullydog1234 days ago
+1
Blame trump he started war to stop the Epstein files and to protect himself and his buddies that are all over the list
1
Tim_vdB34 days ago
+1
Welp, after almost a century it's about time for a new great depression.
Should we start a world war after that?
1
WiskeyUniformTango4 days ago
-2
China and all their solar and battery manufacturing is absolutely loving this. Trump played right into their hands.
-2
No-Space9373 days ago
+2
Might want to look where China, the world's second largest consumer of oil gets 25 percent of its oil from and what their current BPD deficit is when compared to their strategic oil reserve.
2
WiskeyUniformTango3 days ago
+1
Dont matter. They got buddy russia
1
No-Space9373 days ago
+2
This assumes that Russia has spare capacity to send, and ignores that their oil was recently unsanctioned, so China and India are no longer their only buyers. Not to mention how much their industry has been getting hammered by Ukranian drones recently taking millions of barrels off the market.
I would say yeah, it really matters.
2
evert1982014 days ago
-5
I assume it is not all for nothing and America is now greater then the Mount Everrest !
-5
378536885447884 days ago
-1
All part of the plan of chaos. They have their bunkers. They’re ready.
89 Comments