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| China-Japan-Koreas |
| Another way China is ripping us off |
| 2019-06-26 |
| [MarketWatch] In the old days, it would have been absolutely essential for the United States to ensure that the Strait of Hormuz‐through which a third of the world’s crude oil passes daily‐remained open. It is less essential now, thanks to the oil shale revolution, which has once again made America an oil giant. We now produce more oil than Saudi Arabia and more than the Russians. Meantime, China has become not only the biggest consumer of energy in the world, it has become, since 2014, the biggest importer of oil in the world. So why isn’t China‐which has an increasingly powerful blue water navy and can project its might with growing ease‐doing more to protect the flow of oil? Its oil? So why is the United States doing the heavy lifting in the Persian Gulf? If war breaks out with Iran, it’ll be the U.S. Navy, American men and women in uniform, and the American taxpayer that will bear the burden. Not China‐which needs Mideast oil more than we do. More at link |
| Posted by:Seeking Cure For Ignorance |
| #9 The UK has plenty of oil, it's saudi addled establishment decides not to drill for it. |
| Posted by: Bright Pebbles 2019-06-26 13:20 |
| #8 'Powerful' navy, or numerous floating hulls? |
| Posted by: Skidmark 2019-06-26 12:14 |
| #7 an increasingly powerful blue water navy But still ranked pretty low, from another article - Rantburg post "The world’s second- through sixth-most powerful navies in terms of long-range power projection are (roughly in order) Japan, the United Kingdom, France, China, and Russia. Of these only Russia need not sail forth for oil, as it has plenty of its own." |
| Posted by: Bobby 2019-06-26 11:43 |
| #6 Careful what you wish for. Not so sure we want the Chinese camel- er tiger putting its nose inside the middle eastern tent. |
| Posted by: Lex 2019-06-26 11:30 |
| #5 Dron66046 all of that will lead to more respect for America and the Pax Americana they took for granted as folks try to balance Sino-arrogance and over-steps. |
| Posted by: ruprecht 2019-06-26 11:04 |
| #4 Ref #3:. Paging any Hong Kong or Taiwan resident for details. |
| Posted by: Besoeker 2019-06-26 10:38 |
| #3 It's mostly about territory. They're encroachers. Squatters and foragers. I'd rather China stay in the pacific. Before you know it you'll have floating militarized platforms off the coast of Muscat, deep sea drilling and subs circling Socotra. And claims that somehow Chabahar too belongs to the House of Han. |
| Posted by: Dron66046 2019-06-26 09:34 |
| #2 So why isn’t China—which has an increasingly powerful blue water navy and can project its might with growing ease—doing more to protect the flow of oil? Its oil? Good question since 20% of the world's oil is going through the Strait of Hormuz and 85% of it is going to Asian markets. It has been estimated that the U.S. has spent about $8 trillion since 1976 to protect crude oil shipments going through the Strait. |
| Posted by: JohnQC 2019-06-26 09:11 |
| #1 |
| Posted by: Besoeker 2019-06-26 08:52 |