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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: albaby1 SILVER
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Number: of 84359 
Subject: Re: As Albaby says...
Date: 01/15/26 1:05 PM
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Most ropes begin life as a single thread, as will this.

And all single threads that never turn into ropes also begin life as a single thread.

I think you're just seeing what you want to see here, Dope. There's not going to be any materially significant effect on China. It's tiny. Their imports of Venezuelan oil were just too small a percentage of their overall crude consumption (the 4.5% figure is their percentage of seaborne imports, not overall oil consumption). The discount they were getting for Venezuela from the sanctions (as opposed to the discount that heavy sour trades at to ICE Brent no matter the source) just wasn't all that high. Both are small enough that China can easily replace the oil with increased imports from Russia and Iran, if things don't pop off, both of whose product also trades at an even higher discount due to sanctions.

This isn't a rope around their nuts. It will have a trivial effect on their overall oil costs and availability. It's barely a paper cut.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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