As oil prices climbed past $100 a barrel for the first time in four years, OCBC analysts said China may be “less sensitive to a prolonged closure of the Strait of Hormuz than many of its Asian peers.”
“China has accumulated one of the world’s largest strategic and commercial crude reserves,” the analysts said, adding that its “rapid transition toward electric vehicles and renewable energy provides an additional structural hedge.”
I always forget when looking at energy production, the US is at 40% renewable+nuclear (21% just renewable) which is actually around the same for China ~40% renewable+nuclear (35% just renewable).
Try not lumping nuclear with renewables and write the post again.
Nuclear should be part of the solution. Unfortunately, most older plants are bomb factories, that happen to make power. No-one built the newer safe designs, till China got hold of the aborted UK designs.
At this point, most of the west doesn’t have the skilled personnel left to spin nuclear up quickly. We also no longer have the time to deal with building nuclear, as part of the near term solution to climate change.
Why bother, nuclear and renewables care equally little about oil prices and have close to identical carbon footprints.
Almost like renewables helps relieve the stress and instability from factors you cant control. Who would have thought?
When the weather is more reliable than a countries geriatric leadership.
China, unlike the rest of us, plans ahead.
China, like the rest of us, murder Muslims. Simp all you want.
Me pointing out that they plan for the long term isn’t me simping for them.
Show me. Say, “The Chinese government murders Uyghurs”
China plans ahead by re-educating Uyghurs in concentration camps. They probably also killed some of them. Fuck the CCP. But at the same time China also invested heavily in green energy and infrastructure. All of these things can be true. And Taiwan is an independent country. Thanks for listening to my TED talk.
I guess if they have green tech it makes them okay
You come across more brainwashed than those you accuse
Evil countries can do some good things. Whether accidentally or intentionally. Vice versa too.
You’re not wrong, but that has nothing to do with their economic prowess. China is scary because they are both run by a psychopath and their leadership generally thinks ahead.
The US has the psychopath part down. Not the planning bit.
Oh hey you’re my comment about it but the problem with Lemmy that got downvoted
Are you saying you are tired of hearing about genocide on Lemmy?
Gulf oil has basically been the sword of Damocles hanging over their neck for decades; of course they’ve got plans for when it’s cut off.
Just like US and Europe. I mean the sword thing, not the plans
Kinda but the US (and therefore Europe by distant, unreliable proxy) controls the Arab side of the Gulf, so while it was playing with fire there was little reason to worry about it unless someone did something extremely stupid (like, I dunno, start a war with Iran). But then again Europe never had any real say over US foreign policy/warmongering, so I guess they’re the worst of both worlds in that sense.
