Re: The Empire Strikes . . . ?
Perhaps it's the same, but I'm amusing it as well since no one knows what's really going on, just like no one knew why GW Bush hated Saddam so much.
The Saudis are going to be alone. There is speculation that China maybe involved in the Middle East, but I doubt the Chinese will take over the role of the US, at least not in the short to medium term. The Chinese don't really like beaches or play with sand.
To the Chinese, oil is just oil, it doesn't matter whether it comes from Iran, Saudi Arabia or Canada's oil sands. If there's a shortage of oil, just cut back on driving, walk more, take the bus, the subway or buy an electric bicycle.
China or the RMB won't collapse if oil stops flowing from the Middle East. Yes, it will cause an economic problem, but not an existential one.
Originally posted by jk
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Originally posted by jk
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To the Chinese, oil is just oil, it doesn't matter whether it comes from Iran, Saudi Arabia or Canada's oil sands. If there's a shortage of oil, just cut back on driving, walk more, take the bus, the subway or buy an electric bicycle.
China or the RMB won't collapse if oil stops flowing from the Middle East. Yes, it will cause an economic problem, but not an existential one.
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