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To: thackney
China heavily dependent on imported oil.
So what happens if there is a major oil disrupption on the world markets and China can't get the oil they need ?
Of course that's a answer most should know to answer but I want to get the perspective from someone who has been in the industry for years.
14 posted on 10/15/2013 2:47:43 AM PDT by American Constitutionalist
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To: American Constitutionalist
So what happens if there is a major oil disrupption on the world markets and China can't get the oil they need ?

I think the response is going to depend upon the cause and expected duration, just like it would for us. China has a crude oil strategic reserve, but smaller than ours. Short of World War 3, it is unlikely of many of their sources to be shut down for an extended period of time.

http://www.bloomberg.com/news/2013-05-14/china-seen-boosting-emergency-oil-storage-capacity-iea-says.html

16 posted on 10/15/2013 4:54:22 AM PDT by thackney (life is fragile, handle with prayer)
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