Communist China imports crude oil based on the day, between 65 and 85% of its total, and about three-quarters of that comes specifically from the Persian Gulf.
Unlike the United States, a major oil producer and exporter, and Japan, which has been dealing with being an importer country for a century, and has over 200 days of import cover, red China has significantly less coverage in its reserves and is preparing for an impending energy crisis.
Additionally, we're now seeing targeted airstrikes on infrastructure like the massive oil depot in Tehran.
If nothing else significantly changes, in the case of the Chinese Commies, panic is likely to be setting in.
Unlike the United States, a major oil producer and exporter, and Japan, which has been dealing with being an importer country for a century, and has over 200 days of import cover, red China has significantly less coverage in its reserves and is preparing for an impending energy crisis.
Additionally, we're now seeing targeted airstrikes on infrastructure like the massive oil depot in Tehran.
If nothing else significantly changes, in the case of the Chinese Commies, panic is likely to be setting in.
