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harumph

(3,250 posts)

3. China buys about 4% of its crude from Venezuela

Reply to Swede (Original post)

Mon Jan 5, 2026, 02:57 PM

Jan 5

This will cut that off. Plus, China currently imports about 11% of its total from Russia. Unlike the US though, when faced
with a shortage of something, instead of petulant bellyaching, the Chinese will figure out an alternative.

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Highlight:

The Real Reason Venezuela matters. [View all] Swede Jan 5 OP

Oil is an excuse. Drugs are an excuse. Monroe Doctrine is an excuse. Trump understands ZERO about these, but he usonian Jan 5 #1

So, it's cheaper to take heavy oil from Venezuela than to rebuild our refineries to process light crude from the US. patphil Jan 5 #2

China buys about 4% of its crude from Venezuela harumph Jan 5 #3