No. of Recommendations: 0
Oil is a fungible product. If Venezuela's oil production increases (other things being equal), it will be easier for China to get oil. Either they'll buy some of Venezuela's increased production, or they'll just buy the oil that the people who buy Venezuela's oil would have bought. According to the net sifter, about 90% of Iranian exports go to China. About 30% of Iraqi output goes to China. USian control of Venezuela, while knocking out Iranian and Iraqi production, would put China in a bind.
Taking Iran and Iraq offline would also increase volume and profits for Trump's buddy, Putin, as Russia is China's single largest source.
Visualizing China’s Crude Oil Imports by Countryvisualcapitalist.com - Chinas crude oil imports by countryTrump the Living God might not trust the three amigos to keep his plan under their hat, so he nudges them to get ready to produce a lot more in Venezuela, to cash in, without telling them why.
No-one believed Rant #1 when I proposed it over 20 years ago, either.
Steve
