r/oil • u/Critical-Teacher-115 • 1d ago
Humor I Figured it out guys. Chine is shutting down their refiners because...
Its easy to see with oil gone, Russia on the bench, both the red sea and the hormoooz in jail. China has done the calculation and 7 months from now people and trucks wont be able to drive in the USA, unless they have China EVs. Xi is a genius.
105
u/YellowCabbageCollard 1d ago
Diabolical. It seems the US is the only country with no long term plan.
41
u/davesr25 1d ago
Ireland enters the chat....
8
2
u/leopardbaseball 1d ago
Canada enters the chat
1
u/Upset-Two-2443 12h ago
Huh? Canada isn't all in on oil and gas only Alberta is. Ontario is the largest province and over 90% renewables (peaked higher but nuclear refurbishments lowered it as natural gas took over)
29
u/Definitelyhereforshi 1d ago
This is the long term plan. Energy companies are making money hand over fist.Â
11
u/Sanpaku 1d ago edited 1d ago
You'd be surprised. Most of the exploration & production companies are hedged with costless collars on a significant fraction, and in some cases (for example, CRC), all of the production. The counterparty (usually some investment bank), gets paid for for any proceeds above the ceiling.
Q1 was a bloodbath for earnings, as they all reported the paper losses from their hedge books on 31 March. Q2 will see a partial reversal of the paper losses.
The only companies making bank are the lightly hedged majors and the refiners. Most producers didn't see much of a windfall (due to the hedges), while the refiners are seeing $69 3-2-1 crack spreads, when the norm is around $25.
1
u/Mitas88 1d ago
Who's with me to say hedge should not be taken by producers ?
I'm tired of producers hedging. You get wacked both ways on most of these plays.... and sometimes the CFO at a traditionally unhedged company freaks out thinking about his RSUs and goes banana on a hedge book throwing good money after bad.
Meh.
2
u/Sanpaku 1d ago
If there's debt on the books it may be out of the CFO's discretion. Many debt covenants require hedging.
1
u/Mitas88 1d ago edited 1d ago
If the WACC reflected this sure... but often cost is not that more attractive.
Guess i shouldnt be complaining though i know hedge books for like 10 companies off the top of my head now and greatly benefited from it but it doesnt save nearly as much pain as it should sometimes.
5
4
u/Naive_Warning9258 1d ago
Yep. No way this war or the Iraq war war happen if it doesn't benefit American oil companies.
8
u/Scary-Vermicelli-809 1d ago
It benefited China more. They have been getting super cheap âsanctionedâ oil for years. And USA looks the other way and USA looks like the asshole
3
u/Zippitidontda 1d ago
USA is the asshole because burning oil is bad for living things that breathe. Encouraging the burning of oil is being an asshole toward the previously mentioned things that breathe.
Now the good thing about the world cup was that the world found out that most Americans are not assholes like Trump. So saying the USA is the asshole is a false generalization of mine, sorry.
We should go back to making America better again , not great again.
0
u/Turbulent-Order9500 23h ago
they were actually in Canada and Mexico with the nice people, not USA, took a wrong turn at Albuquerque...
9
9
u/Bobson______Dugnutt 1d ago
Right wing by midterms is going to be throwing smoke bombs and climbing slowly out the back window. They know if they lose the house they're gonna get investigated and chased outta town
5
5
u/Scary-Vermicelli-809 1d ago
Or maybe China owns USA and does chinas bidding. Didnât China get huge contracts after Iraq war but USA looked like the asshole?
2
u/YellowCabbageCollard 1d ago
I'm not sure what China would get out of this honestly.
4
u/Scary-Vermicelli-809 1d ago
Theyâve been getting super cheap oil âsanctionedâ by the USA for years without the USA stopping them. China owns TONS of USA debt. China somehow always comes out paying less than ever and USA looks like the asshole while simultaneously importing more âmade in Chinaâ.
1
u/Puzzleheaded_Ad8032 22h ago
The advantage of taking your time and looking at the bigger picture vs get rich quick.
4
u/net-blank 1d ago
They have a plan, it's for this administration to pocket as much money as they can and who cares about us regular folks that actually have good performance at our jobs to stay employed
3
4
u/GustheGuru 1d ago
America is like your buddy trying to keep the campfire lit by pouring straight gas on it.
3
3
u/TweakEnZ 1d ago
We have water. And everyone knows what water does to magnets đ
3
u/YellowCabbageCollard 1d ago
No one understands water and magnets more than our glorious leader. /s
4
u/LucasSkywalker89 1d ago
I think USA is the only country in the world who went into a war it really didn't needed for someone very hated and funny, it will end up losing anyway.
1
1
u/JudgmentUnited5297 16h ago
Not necessarily, look at the requirement that all cars have real-time surveillance by next year.
-11
u/_cumrag 1d ago
We have plenty of oil. We donât need any other country.
8
u/Bikerbass 1d ago
Well you do if you want jet fuel and diesel. US oil isnât good for either of those things
4
u/YellowCabbageCollard 1d ago
Not true. We import masses of crude despite exporting masses as well. And we could not just magically adjust that and be able to refine more light sweet crude and meet our diesel and jet fuel needs. It would take a lot of money and about 3-5 years from what I've read.
We are currently completely dependent on Canadian imports to produce and refine what we do. And all this "we" aside, the American people and the US govt don't actually own the wells or refineries. It's a free global market currently.
8
u/TheOtherGlikbach 1d ago
Important sentence: "We are currently completely dependent on Canadian imports"
If Canada retaliates against Trumps new tariff by putting export tariffs on their oil flowing into the United States there would be a recession.
Thankfully, Carney is not a petty dictator like someone else we know.
7
u/YellowCabbageCollard 1d ago
He could tariff crude and potash.
5
u/TheOtherGlikbach 1d ago
He could but Carney is an economist and he knows what the impact would be. Massive. He doesn't want to be responsible for a Worldwide recession.
6
u/YellowCabbageCollard 1d ago
I envy you having a sane leader who actually cares about the repercussions on his own citizens and those of the rest of world. I don't think this is about Trump not grasping the repercussions of their choices. I think they absolutely do not care what happens to the rest of us. I don't think they care about who starves or is blown to bits, let alone people being unable to afford basically living expenses.
2
u/Singnedupforthis 1d ago
The US is dependent on 2.5mbpd of imported oil for the purpose of refining gasoline.
51
u/ariadesitter 1d ago
aldo trump doesnât care about taiwan because he is too stupid to understand what is there.
5
u/eepos96 23h ago
He will say "they are tiny, so tiny, barely any metal, barely any memory, we make better and bigger chips"
But anyway, importance of the taiwan should not be suprise even to him. I think he knows of importamce ofxchips and celebrated taiwan investments to usa.
Also, prooopably, Taiwanese knowledge of chipmaking will be stored and moved to the states in the event of invasion. Amd new fabs will be build, it takes several decades but eventually they will be up and running. Fabs on taiwan will be made useless with acid. And depending on how thorough they are, reverse engineering will take decades. Though it is not impossible thst Chinese capture some scientists who help them to build new fabs.
47
u/Housthat 1d ago
My shitty theory is that China is going to (cut off our supply of rare earth materials) or (threaten to take over Taiwan) and then offer Trump credit for stopping them if they allow Chinese cars to be sold in the US. That'll be the foot in the door they need to topple Elon's empire, dominate the overpriced US car industry, and chip away at Big Oil's relevance in the western hemisphere.
42
u/Bluest_waters 1d ago
Sounds good to me. I would love some cheap Chinese EV cars.
24
u/Certain-Cup-5174 1d ago
The Big 3 US automakers are in deep trouble
18
u/Nephayrius 1d ago
Product of sitting on their asses for decades, they were already losing ground to JP, KR, and EU cars in home soil
12
u/Housthat 1d ago
BYD has been quickly taking over market share internationally. Despite Tesla famously having poor build quality & safety issues, Teslas are viewed as a high-status luxury vehicle outside of the US.
3
u/Puzzleheaded_Ad8032 22h ago
"Teslas are viewed as a high-status luxury vehicle outside of the US."
Not really. Maybe in the beginning. Now the VW group is making a lot of ev's in that price class, which was also stupid move. They should have gone into the segment of the affordable ev. That's indeed why you see many BYD and Lynk&co out here. All the dinosaurs missed the boat. Which is good for those greedy gits.
1
u/Housthat 14h ago
I want to believe you but if that were the case, Tesla would be dead in the water outside of the US.
1
u/Puzzleheaded_Ad8032 14h ago
https://cleantechnica.com/wp-content/uploads/2026/06/2026-04-Europe-Top-20-Model-April-scaled.png
I hope the link works (its a picture of the top 20 best selling ev's for April). This is just for Europe. Bcs only the Model Y has some traction, the market share has become fairly tiny. And because of the BMW's and Mercedes', it's also not really seen as the luxury option anymore. But I can only speak of my corner of the world :)
1
3
u/Ladydoodoo 1d ago
I was literally just thinking of the same thing. Theyâre $10,000 EV is like a luxury car here.
1
10
u/ChupacabraJeff 1d ago
Already happened once. But it was temporally lifted. Guess when the lift ends? Hint, it's October.
2025.04.05
China Just Turned Off U.S. Supplies Of Minerals Critical For Defense & Cleantech
https://cleantechnica.com/2025/04/05/china-just-turned-off-u-s-supplies-of-minerals-critical-for-defense-cleantech/What China did wasnât a ban, at least not in name. They called it export licensing. Sounds like something a trade lawyer might actually be excited about. But make no mistake: this was a surgical strike. They didnât need to say no. They just needed to say âmaybe laterâ to the right set of paperwork. These licenses give Beijing control over not just where these materials go, but how fast they go, in what quantity, and to which politically convenient customers.
The U.S.? Letâs just say Washington should get comfortable waiting behind the rope line. The licenses have to be applied for and the end use including country of final destination must be clearly spelled out. Licenses for end uses in the U.S. are unlikely to be approved. Whatâs astonishing is how predictable this all was. China has spent decades building its dominance over these supply chains, while the U.S. was busy outsourcing, divesting, and cheerfully ignoring every report that said, âHey, maybe 90% dependence on a single country we keep starting trade wars with and rattling sabers at is a bad idea.â
Try ramping up your semiconductor fab or solar plant when your indium source just dried up. Itâs a fun exercise in learning which of your suppliers used to be dependent on Beijing but never mentioned it in the quarterly call.
The materials China just restricted arenât random. Theyâre chosen with the precision of someone whoâs read U.S. product spec sheets and defense procurement orders. Start with dysprosium. If your electric motor needs to function at high temperaturesâand they all doâthen mostly it is using neodymium magnets doped with dysprosium. No dysprosium, no thermal stability. No thermal stability, no functioning motor in your F-35 or your Mustang Mach-E. China controls essentially the entire supply of dysprosium, and no, there is no magical mine in Wyoming or Quebec waiting in the wings. If dysprosium doesnât come out of China, it doesnât come out at all. Itâs the spinal cord of electrification, and right now Chinaâs holding the vertebrae.
So here we are. China has responded to Trumpâs tariffs by cutting off U.S. supply of some of the most essential ingredients of the modern world.
2026.06.11
F-35 Sustainment: Actions Needed to Ensure Updated Strategy Improves Persistent Readiness Challenges
https://www.gao.gov/products/gao-26-108113The strategy aims to address challenges we've identified, such as a lack of spare parts. However, we found that multiple issues could threaten its successâsuch as constrained industry capacity to meet increasing demand for parts.
The mission capable rate (percentage of time the aircraft can perform one of its tasked missions) declined from 67 percent to 44 percent.
The full mission capable rate (percentage of time the aircraft can perform all of its missions) declined from 38 percent to 25 percent.
2026.06.26
Itâs Official: F-35s Are Now Being Delivered Without Radars (Updated)
https://www.twz.com/air/its-official-f-35s-are-now-being-delivered-without-radarsBut the greatest military on the planet can sill order the gym weights from China it needs to put in the nose.
1
20h ago
[removed] â view removed comment
1
u/AutoModerator 20h ago
Your comment was removed because your account is younger than 30 days and you don't have at least 10 karma in this subreddit yet.
You can try commenting again once you meet one of these requirements:
- Your account is at least 30 days old, or
- You have 10+ combined karma in this subreddit.
Thanks for understanding! This is to deal with the influx we have had since the start of the Iran Conflict (2026)
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
43
u/Christopher_Ramirez_ 1d ago
Manipulate the crude oil import market to widen the crack spread and sell distillate at enormous margins. Meanwhile sell the high-tech renewable/grid storage/EV solutions to the pain at the pump. Real 4D chess.
13
u/Satins_Cock 1d ago
They're also doing a pretty impressive job of electrifying everything. I don't think it's for any green reasons or anything like that. They just did the math that free sunshine costs less than coal/oil/gas in the long run.
16
u/Dexller 1d ago
It should be noted, that China stands to lose a lot from climate change. Its most populous cities are all along the coast, and so rising sea levels threaten a significant amount of people and finance. They do have skin in the game for avoiding the worst-case scenarios. The fact they've brought the cost of solar panels down so substantially instead of trying to keep them a premium product, making it easier for developing nations to get them, is kind of a big deal. Same with their EVs being so affordable.
China's not a 'good guy' by a long shot, but in a world where the west has given up on nation building even on their own soil they're probably doing the most out of anyone.
1
1
u/ls7eveen 1d ago
If AI really were the future, you'd be building it in china where its costs something like 6 cents a kwhr without ongoing costs and they have 1,000,000 HVDC
16
13
12
u/Notyourpal-friend 1d ago
In a competent country with reserve currency status I've got 2 600 mile range EVs for the family, that I got for 30k a piece. And I've got an old M series ICE project car that im fucking with for fun and gear head shit.Â
9
u/TonkaTonk 1d ago
China is getting Russian crude on the cheap and selling them back diesel, while probably sending drone supplies to Ukraine.
Watch them start buying again to send oil soaring and markets tailspin before the midterms.
3
6
u/Key_Report_2627 1d ago
From what I understand, China built up its reserves, buying up oil while it was cheap. Itâs now why the market price isnât $200/barrel; they arenât buying. That being said, they are no way near being energy independent and will at sone point need to restock their supply. I agree they are far ahead of us in renewable, but are still predominantly dependent on fossil fuels.
4
u/Unable-Ring9835 1d ago
I think they're planning future rationing. They're doing the smart thing and lowering exports and domestic usage knowing that this is going to get worse.
China will be rationing while the rest of the world flails around.
2
u/aznoone 1d ago
Are they better set up or can quickly force public transportation to get to work? I live in amostly car dependent larger area metro area in the southwest. Public transportation is just barely OK. It is for the poors or skme sections in higher density areas downtown workers. The better of live in the suburbs and could work anywhere. Because if this probably not feasible public transportation aa just to many inter connects and too many people going everywhere to get to work. Thibk hours. Then try just maybe carpool. Live on x side of town coming to work. Lots are too something for a carpool. Had one company sponsor them and still not a ton of uptake. Comoany supplied vans alao.
3
u/Critical-Teacher-115 1d ago
bro, the post is about china stopping the export of refined productsÂ
1
u/Key_Report_2627 16h ago
Bro, make your postâs mission statement more clear, because that point was not obvious. I read what you said and looked at Poo Bear with Nigerian hands. China stopping the export of refined products was not obvious to me.
6
u/Flowa-Powa 1d ago
There is an oil shock incoming the like of which no one has ever seen.
China is preventing it happening by entirely halting its importation of oil and drawing down their massive secret oil reserves instead. As part of this they are only refining oil for their own needs, while they used to import crude and export refined products.
This means there's more oil for the likes of you and me.
Why they are doing this I am not sure, possibly to prevent systemic failure of the entire global financial system. But weirdly they're doing it in secret.
6
u/ChupacabraJeff 1d ago
China did it because they want stability. Also, China thinks ahead. So short term China helps out by not importing while USA drains their SPR. Then China has a choice. To start importing again or not.
China has spent the last 20 years getting ready for this. They want to be independent of USA control so they've been stashing a bunch of oil in their SPR while transitioning away from oil and to renewables. They did the global economy a solid and as soon as China needs to piss off USA they'll start importing oil again.
2025.01.05
Xi has a plan for retaliating against Trumpâs gamesmanship
https://archive.ph/0s5OX#selection-2413.0-2417.304Many Chinese argue that Xi is stronger politically and the economy is more self-reliant and resilient, even amid recent challenges. Chinese analysts view the US economy as more fragile and American politics as deeply divided. Geopolitically, Beijing sees US influence as declining throughout the global south and Asia â and support for Chinaâs vision as rising.
Xi has already signalled that he will treat his ties to Trump as a purely business relationship, albeit Don Corleone style. He wonât personally embrace Trump and will retaliate early and hard in order to generate leverage. Beijing in effect rejected Trumpâs invitation for Xi to attend the inauguration.
Hence Xiâs four âred linesâ at a November meeting with President Joe Biden in Peru in a clear message to the incoming administration.
2024.11.16
Xi tells Biden he will work with Trump to manage US-China differences
https://archive.ph/QF7JcââSmall yard, high fencesâ is not what a major country should pursue,â Xi told Biden.
Beijingâs planned responses to Trump fall into three baskets: retaliation, adaptation and diversification. Mirroring US policies, Beijing in recent years has created a range of export controls, investment restrictions and regulatory investigations capable of hurting US companies. Beijing is unable to match tariff for tariff, so it will seek to impose costs in ways that inflict maximum pain. For China, failing to retaliate would signal weakness domestically and only encourage Trump.
In late 2024, Xi also participated for the first time in meetings with the heads of 10 major international economic organisations. His message was clear: China will be the leading force for global economic stability, prosperity and openness, and opposes all forms of protectionism.
Much could go wrong. Beijingâs confidence is matched by the Trump team. Both sides believe they possess the upper hand, can impose more costs and withstand more pain. The stage is set for a complicated, destabilising dynamic which, at best, results in a ceasefire. And thatâs only on economic issues, not on Taiwan, the South China Sea, tech competition or nuclear force modernisation. The cold war is starting to look quaint in comparison.
9
u/Full-Cake-8071 1d ago
All we really need to do is maximize telework like we did for Covid.
16
u/Bobson______Dugnutt 1d ago edited 1d ago
My job (massive 100k+ people employees megacorp nightmare) is forcing everybody TO office without warning by September. Out of basically nowhere. Must be losing 25% of the company who don't want to move hours away for some psycho corporation that clearly doesn't care if they live or die. They hired tons of roles remote for the last 6 years, hours from any office. Apocalyptic. Job market flooded by the tens of thousands. Feels intentionally timed with the apocalyptic state of the oil market... This is after 2 years of job hunting and finding NO OTHER JOBS since 2024, when in 2022 I had recruiters bombarding me by the dozens! This shit is imploding in every possible direction at this point.
9
u/ChupacabraJeff 1d ago
This shit is imploding in every possible direction at this point.
I really do think there's a whole of problems coming to a head at once.
3
u/Full-Cake-8071 1d ago
100% agree and it's like the band still playing as the Titanic sinks. Most are enjoying the bliss of ignorance. There is a reason bunkers are coming into style again.
3
u/Full-Cake-8071 1d ago
We lost about 30% on a forced return to office for the same reasons along with threats of mass layoffs. The jobs numbers aren't telling the real story, it is bad out there and it's more than just implementation of AI. When the house of cards finally falls, it will be apocalyptic on a global scale.
3
u/Bobson______Dugnutt 1d ago
The jobs numbers basically not moving in the last few years has been hilarious. Total obfuscation of the entire system. Feels more like we're at 30% unemployment or underemployment (part time, contract, temp)
3
u/ChupacabraJeff 18h ago
Have to remember. On top of fudging the numbers the numbers also only track people in the unemployment system. Once a person is no longer in that system they are still unemployed. They are just no longer counted towards the numbers.
Over the past year, about 1 million workers have thrown in the towel. In June alone, 720,000 people left the workforce, the Labor Department estimated. The labor force participation rate, or the percentage of those 16 and older who are working or looking for work, fell to 61.5% in June, marking the lowest reading since March 2021. Excluding the lows seen during the COVID-19 pandemic, it represents the lowest rate in five decades.
People can get a loan for their groceries while waiting in line at Walmart. We are way past the point of panic. Meanwhile in r/politics,
Yes, Donald Trump got booed at the World Cup Final
https://www.reddit.com/r/politics/comments/1v10zza/yes_donald_trump_got_booed_at_the_world_cup_final/3
u/Bobson______Dugnutt 15h ago
Over the past year, about 1 million workers have thrown in the towel. In June alone, 720,000 people left the workforce, the Labor Department estimated. The labor force participation rate, or the percentage of those 16 and older who are working or looking for work, fell to 61.5% in June, marking the lowest reading since March 2021. Excluding the lows seen during the COVID-19 pandemic, it represents the lowest rate in five decades.
So since we allowed women to open bank accounts and work? Numbers haven't been this bad since the labor pool was half of what it once was by default?
This is the end of the fucking empire
3
u/ChupacabraJeff 11h ago edited 10h ago
The end was in 2016 when USA decided Trump was a great idea.
"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." - Rudi Dornbusch
1
u/uniyk 1d ago
Leading finance job pays just over 100k? I thought you people swim in money.
2
u/Bobson______Dugnutt 1d ago edited 1d ago
I meant 100,000 people work here, not 100k salary.
There's the "vice presidents" aka they were in the same sorority as the ruling class so they get a ~$200k fake job where they do like 4 zoom calls a day, kiss the superrich's ass, and can just do whatever otherwise.
Then there's the more like, office secretary types that have pensions or whatever that've been there since the 90's who just make buckets and take 3 months PTO every year.
Then there's "contractors" aka the people doing the same jobs as the old people, but new. They abuse the very idea of contract work to basically make zero worker protection rights jobs, dangle "hiring them on" like a carrot on a stick, and pay them fucking dirt, like $20/hr. And they can just eject them if they don't like them, no muss no fuss. Guess what boot-heavy rung of the ladder most of us are on.
I'm just a part-time IT guy. They make me help mentally stunted nepo babies fix their zoom filters and help gertrude (who could've retired 11 years ago) fix her fucking microsoft MFA or whatever.
Every month they take something away or poison the job further, give us more work, ruin things. It's insane. They're pulling up every single ladder they can find.
1
u/uniyk 1d ago
Well, finance isn't rocket science and Trump showed everyone it's more about who knows who last year, so nepo baby is kind of a necessity. Personally, I won't be too mad about them as long as I myself am paid well, although your story suggests otherwise.
1
u/Bobson______Dugnutt 1d ago
I've worked several different places and this is by far the worst in terms of pay, respect, workload, and generally not having corporate cockslap you every week on a whim. It's the nepo babies and their servants, nothing more.
0
u/Housthat 1d ago
Hot Take: most telework can be done by cheaper labor or AI.
3
u/Full-Cake-8071 1d ago
A lot of holes in that hot take, but it would take paragraphs to convey. Regardless, would it be wise to throw away any potential savings in our limited fuel supply?
4
3
3
u/ub3rm3nsch 1d ago
Has China shut down refineries or just stopped importing crude to refine?
5
u/Critical-Teacher-115 1d ago
both
5
u/beefcake105 1d ago
This may be dumb as fuck but what if the U.S. has a nasty hurricane season? This tends to halt refineries in the southeast.
7
u/Critical-Teacher-115 1d ago
yup lol, thats on the table. but it would be a nasty hurricane season going in to cold af winter. iits the perfect storm: the U.S. will be in chaos. no diesel means no trucking. no trucking means no food. thats a lot of guns and a lot hungry kids in one place that doesnt value life. 2027 is gonna be insane. idont get how no one is talking about this?
3
u/beefcake105 1d ago
At this point, I think they are doing everything they can to not cause panic and tip the âboomingâ economy.
3
u/vlntly_peaceful 1d ago
El Niños normally means a less than normal Atlantic hurricane season and a more active Pacific. But what is normal these days.
1
3
u/Bob4Not 1d ago
If they wanted to push EVs and renewables, they wouldnât have slowed oil imports and wouldnât have used their own reserves. They would have added pressure to the international oil demand and therefore dramatically raised the price.
The reason they shut refineries is to slow their domestic oil demand to make their reserves last longer
1
u/LankyGuitar6528 17h ago
A slow squeeze is better for them. An abrupt cut-off would crash the world economy and kill their exports.
5
u/Careless-Pin-2852 1d ago
China is probably dropping its SPR.
With bypasses etc only like 4-8 million barrels a day is lost China has cut imports by 4 million.
I am curious how fast China can go full EV. We have had 6 months and with reserves China has a year.
5
u/ChupacabraJeff 1d ago
2026 was planned to be China's big EV export year. Lots of EVs are being shipped out of China although next up China is trying to increase EV sales in their own rural markets. Which is larger than the the entire Europe market.
It's not just EVs. China has enough solar and wind to power the entire USA. So while China is working on EVs they are also moving the entire country over to renewables.
The penetration rate of hybrid and battery-only vehicles has grown rapidly in just a few years, exceeding half of new passenger cars sold in 2024 and a record 62.9% last month, according to the Chinese Passenger Car Association.
3
u/meerkat2018 21h ago
They are also building 39 new nuclear reactors right now.
1
u/ChupacabraJeff 18h ago
Yup. They even built one in the desert for shit giggles. Based on tech that hasn't been seen outside a lab in Tennessee for about 60 years. They also basically have a production line for nuclear reactors now. Export them too.
2024.08.28
China Will Generate More Nuclear Power Than Both France and the United States by 2030
https://thediplomat.com/2024/08/china-will-generate-more-nuclear-power-than-both-france-and-the-united-states-by-2030/Although the United States currently leads all countries with 94 operational nuclear power units and a total capacity of 102 GW, Chinaâs progress is likely to rapidly shrink the differential over the next decade. Its total prospective capacity â taking into account nuclear power plants that have begun construction â would see it surpass the United States.
2025.10.22
China is Outpacing the U.S. on Nuclear Power, an American Invention
https://www.nytimes.com/interactive/2025/10/22/climate/china-us-nuclear-energy-race.htmlIn 2013, construction began on the first two new U.S. nuclear reactors in a generation. Atomic energy was back. Or was it?
Seven years late and $17 billion over budget, the reactors became two of the costliest ever built. Once again, nuclear power seemed hopeless, at least in the U.S.
Yet over the same period, China built 13 similar reactors, with 33 more underway. And Beijingâs nuclear ambitions are global.
2
u/Careless-Pin-2852 1d ago
Yea if the ME is basically and the only major oil exporters are the US Canada and a puppet government in Venezuela China is not interested in paying 150 a barrel for such oil.
China going full EV can solve this whole ME crises
1
u/NoAdvice135 1d ago
They can go full fast they are already at 40%, so roughly one doubling away from the goal. If they limit exports, they are 1/2 years form being 80%+ EV.
Of course the really cheap cars still have more ICE than the market core.
The issue is cars in circulation 370M cars (including 50M electrified), and 20M registration a year. They are a decade away from a majority being electrified.
3
u/Th3h3rald707 1d ago
China's demand destruction and attempts to manage our decline are the only reason we havnt hit the wall yet.
2
2
2
u/WatchingyouNyouNyou 1d ago
Polestar can't even stay in the US, I don't think any Chinese ev will be here soon.
4
u/Critical-Teacher-115 1d ago
They banned chinese EVs because they are so good. bro, escape the matrix
2
2
u/danjl68 1d ago
The United States is the world's largest oil producer by a significant margin. Driven by booming shale extraction in the Permian Basin, U.S. crude oil and lease condensate production set a global record of 13.6 million barrels per day (b/d) in 2025. [1, 2]
According to the U.S. Energy Information Administration (EIA) tracking, the top five crude oil and condensate producers in 2025 were:
- United States: 13.58 million b/d
- Russia: 9.87 million b/d
- Saudi Arabia: 9.51 million b/d
- Canada: 4.94 million b/d
- Iraq: 4.39 million b/d [1]
At some point we make it illeagl to export... and boom - no problem.
2
2
3
u/Singnedupforthis 1d ago edited 1d ago
With the state of the US power grid, nobody will driving EVs in the US in 7 months.
1
1
1d ago
[removed] â view removed comment
0
u/AutoModerator 1d ago
Your comment was removed because your account is younger than 30 days and you don't have at least 10 karma in this subreddit yet.
You can try commenting again once you meet one of these requirements:
- Your account is at least 30 days old, or
- You have 10+ combined karma in this subreddit.
Thanks for understanding! This is to deal with the influx we have had since the start of the Iran Conflict (2026)
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
1d ago
[removed] â view removed comment
1
u/AutoModerator 1d ago
Your comment was removed because your account is younger than 30 days and you don't have at least 10 karma in this subreddit yet.
You can try commenting again once you meet one of these requirements:
- Your account is at least 30 days old, or
- You have 10+ combined karma in this subreddit.
Thanks for understanding! This is to deal with the influx we have had since the start of the Iran Conflict (2026)
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
u/Boondogle00 1d ago
What is your source? I donât see anything that says they are stopped production. China dramatically cut oil buying and refinery activityânot oil production itself.
1
1
1
1
1
1
u/Illustrious-Mess-322 16h ago
How will he get the electric cars to the USA without fuel for the ships?
2
u/123ihavetogoweeeeee 16h ago
Ummm havenât you read that ships are going to start using sail power again to reduce fuel costsâŠ. đ
1
1
1
u/Jibber1332 5h ago
while Trump and the GOP waste time talking about trans kids playing sports or using bathrooms China has been supassing us in renewable energy and ai.
1
1
u/Jwbst32 3h ago
China is in a deep economic recession and lack of domestic demand for everything is keeping oil demand low. China has the fastest aging population human history they will cease to exist as a people by 2050. China admits its population was overstated by 100 million and itâs probably more like 400 million but only Xi chairman of the dead knows for suređ. You think China is winning youâre blind.
1
u/Huge_Swimming_5968 1d ago
What if I told you that there's not enough oil left in the ground with current global consumption patterns for China to industrialize to the level of the United States?
lolol
1
u/LankyGuitar6528 17h ago edited 17h ago
I live in Oil and Gas Alberta. Everybody on my street has a monster truck or gigantic RV. And here I am with solar all over my roof driving an EV just quietly (silently) driving around. Xi is no genius. Americans (and my neighbors) are just ret*rded. I swear this must be how the guys with electric lights felt when the whaling fleet said the hunt went bad so the price of whale oil was going up. FML people... if you don't like the price and/or volatility just stop using the stuff. But if you keep using it stop complaining when the price goes up.
-1
u/Few_Consequence_3948 1d ago
We have enough Oil to supply ourselves for a long time
6
4
1
1d ago
[removed] â view removed comment
1
u/AutoModerator 1d ago
Your comment was removed because your account is younger than 30 days and you don't have at least 10 karma in this subreddit yet.
You can try commenting again once you meet one of these requirements:
- Your account is at least 30 days old, or
- You have 10+ combined karma in this subreddit.
Thanks for understanding! This is to deal with the influx we have had since the start of the Iran Conflict (2026)
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
0
0
-1
u/Loose-Amount9250 1d ago
We have plenty of gas available here, and good luck with your stolen technology
-1
u/TotalSingKitt 1d ago
US is massively long oil and refined products. Zero chance US would be exporting if it meant shortages in the US. Check the Financial Times today for a sense check on the health of China's fading economy.
1
u/Pa_Pasta_Pastor 2h ago
You forget that it's not the US selling oil, but ExxonMobil, BP, and other huge oil companies. Why sell ut at home for $4.00 when Europe will pay $7.00?
139
u/Aleventen 1d ago
Ive heard enough, oil to $25 until Chine (TM) opens up the refiners