CHINA Stop Buying Oil from the US: What Next?
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- Опубликовано: 5 июл 2024
- Over recent years, China has strategically shifted its oil imports away from the United States, increasingly sourcing from the Global South, particularly BRICS countries (Brazil, Russia, India, China, and South Africa). This transition aligns with China's broader geopolitical and economic objectives, aiming to secure a more diversified and resilient energy supply chain while strengthening ties with emerging economies.
Trade disputes and political tensions between China and the U.S. have made reliance on American oil more precarious. The U.S.-China trade war and subsequent tariffs have underscored the risks of dependency on U.S. energy supplies.
Diversifying sources of oil imports reduces China's vulnerability to any single supplier. This strategy ensures greater energy security and stability.
U.S. sanctions on various countries and firms involved in the oil trade can complicate transactions, prompting China to seek more stable and reliable partners in the Global South. Additionally, trade with the Global South is often conducted in non-U.S. dollars, further advancing the trend toward de-dollarization. This shift could have significant implications for the U.S. economy and its global hegemony. In this video, we will examine China’s oil trade with various countries and its move away from relying on the U.S. We will also analyze the impact of this shift on the U.S. economy and the value of the U.S. dollar.
CHINA Transformation to Superpower: A Documentary
Watch the full video here
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CHINA MENJADI NEGARA ADIDAYA
@@fastepo Is China the only “Super Power” in the WTO that considers itself a “Developing Country”?
@@fastepo suppress, bias & keep on their dominant style as the only ultimatum.
How China super power but the technology is copy-paste only 😂😂😂
Jealous mountain tortoise struggling to get out of the mountain 🕳️ hole.@@loragus_1683
Malaysia stand with China.
It's not about our stance to
China. China helped Malaysia overcome oil palm sales. The West not only condemned our palm oil but also spread negative information regarding our oil palm productions
So, it's more survival of our country's economy.
A friend in need is the friend indeed. Just the BRICS formed
to avoid current & future sanctions.
US and EU said we deforestation, 😂. Tropical regions can deforestation.?
@@cherubimcherubim9515 😱 OMG, this is exactly the reason why I wouldn’t want my country in this club of misfits.. Everyone stand and Salute China and give thanks in Mandarin.. 😂😂
@@ruhanaghani7816 the United States is standing up for Malaysia and not accepting the Chinese unilateral seizure of the South China Sea, and Malaysia’s vast oil and gas exploration sites, sorry about that, but I swear China is usually very fair, just not on that, or freedom of speech, so stop criticizing China.. ok…
@@andysworld47 study & analysis
Of world history after world 2.
Draw the pattern of countries being
occupy by China in South East Asia.
Then compare which countries had been occupied then abandoned
by US. It's history based on several factors the big WHY ?
Let's sit back and watch the US fumes and get enraged for losing the biggest market in the world.
It turns out, everyone needs oil, so apparently it’s having zero effect. China is next door to Russia, makes more sense to buy from them at a huge discount. Russia gets the short end of this stick, cause they have to discount their prices.
Lol now the US has its own oil to distribute to its people and china just falls further
Great move China
@@andysworld47 Russia has always "discounted" their prices because they are a low cost of living country with little to no debt. Russia gets the same profit or even more than the US gets due to the cost of living. Also, Russia gets full price for all oil sold through OPEC to the west. The only one being hurt is the USA. As usual.
@@andysworld47nay, China signed a Iran oil deal of billion dollars in 2019.
Agriculture produce will be next. !!! Buy from BRICS !!!
Once arrogant US Sanctions other nations , but today whole world sanctioning US.😂🤣😂😂🤣
@@t.mubarakahmed2198 No one over here even noticed.🤷🏼♂️ We just pay the extra money and keep going.
Go BRICS Nations ❤❤❤
The reward of bullying and vilifying those that feeds your economy. lol
No more petro dollars 💵
All Bric countries should do business within the BRIC circle. Using their own currency.
BOYCOTT AMERICAN GOODS
Agricultural products, Chips, Cars, American Debts and Dollars!!!
Thank you Joe !
TheUSA is building a wall around itself, creating a Fortress. Not just in defense as before but in other terms.
That's WHY it behaves this way.
We are never told why the complaint box is full about china and russia
Great job China
The dollar is DOOMED !
GO BRICS !!
Good...what goes around comes around.
The list goes on -- rare metal, corn, tools..
I don't think that being punative towards the USA should be the main goal !
However, that said, I would rather buy from a vendor who was favorable towards me, than a fickle supplier.
Well China is much closer to the Mid-east and Russia compared to the USA. It’s cheaper to buy oil from Russia and Saudi Arabia.
Bravo China.
China's oil demand will steadily decline now that 50% of new car sales are EVs.
Good for US citizens as the price of oil will drop.
YES! Great! 👍
Oil price will drop in US? What have you smoking?
@@kennedy6618 Let them learn first hand otherwise people do not wise up, especially Western people.
SELL DOLLAR...LAST REMINDER......
@@lawrenceding3599 You forgot to add sell Treasury Bonds too ! De.dollarization and De-Treasurization!💅
Sell TREASURY BONDS ALSO! Both go together. De-Dollarization and De-Treasurization.💅
#EndTheFED
The faster,the better
US can sell to the Philippines, Taiwan, Australia, NZ, Canada, UK and EU.
Well, Canada sells oil to the US and also has larger reserves
Correct most of these dogs have no natural oil or minerals in their dog pound
@@billyehh Yeah but Canadian oil takes a lot more refining than Russian oil. Canada produces "sour crude" which is heavy in sulfur while the Middle East and Russia produces "sweet crude" which doesn't have as much sulfur and refines much easier into gasoline and other petroleum products. Not all crude is created equal.
@@LunaLapin-ho5tk Yes, it is more complicated, but not much more expensive. Many of the Gulf Coast refineries are set up for heavy oil. Canada is the third oil exporting country after Saudi Arabia and Russia. A new pipeline has just opened to Vancouver to double Pacific exports. A LNG plant is also being built in British Columbia. Over the last 40 years the companies in Alberta have been developing ways to make the process both cleaner and cheaper. The downside is that it takes a lot of capital to develop. There are potential areas in Ontario for fracking where the oil industry first started in the 1850's.
Beautiful and relevant pictures. 👍
Bye-bye American pie.
@@user-df9jn1ll9k Hello Stir-Fried Pig’s Face.
What's next is India will buy US oil at higher prices. India is truly smart. 😂
That's doubtful since India is dedollarizing and the US seems to think they'll be able to pay with dollars.
India buys low and sells high. Seems YOU need to learn economics 🥱
Stop buying the Boeing jets.
Better be prepared before America 🇺🇸 sanctions Boeing supplies (nationalsecurity)... look for alternative???
What's next is the end of our way of life , we are headed for a depression, 1929 on steroids
History is repeating itself
Which means it's temporary and will be survivable.
didn't US released Strategic Oil
and then sell to China
like LAST MONTH?
Correct 😊
@@juanleal8418released to pay the interests on the debt pwed to China- why buy when you ger aa debt repayment?
Probably "Interest" payment??
Probably "interest" payment. It wouldn't do it unless absolutely necessary.
@@pausereflect5911 you do know the context behind the strategic oil situation no?
1. U sa recent actions are considered as hostile. From SCS, Bohai Sea to Taiwan. Many US Congressmen and Senators have referred to China as an enemy although China have done nothing absolutely nothing against Ame ri Ka.
2. In 2008 China lend USA 3 trillion US dollars to help USA out of its 2008 recession but instead, starting with Obama (pivot to Asia) repay China kindness with ingratitude.
3. Today China has finally concluded that there is no one in charge in the US and geopolitical provocation have crossed the redline.
4. Developing nations have identified that the US dollar is US hegemonic tool and it needed to be removed or downgraded as the WRC. Hence the BRICS.
Don't blame any nation but look into the mirror, Mr America.
@@mythbusterthe6749So, China is not preparing to take the entire China Sea, and Taiwan by force? Hong Kong regrets its failure to recognize the Chinese’ takeover of their once almighty city-state, to being overran by mainlanders, loss of individual autonomy, The world needs to be fighting climate change, not rebuilding empires when the countries in question are already the world’s largest.
AWESOME! Love hearing news like this! When did the U$A starts supplying oil to begin with? I never knew the U$A was an oil supplier. This definitely news to me…👍🙂
They supplied to EU at 4 times higher since the War .
China doesn't need or want watered down oil obtained by fracking, which is polluting small US towns drinking water. Greed has no boundaries.
Good point about fracking.. thanks 👍
It's possible America is having a problem with alshymer or denial
Oil is a global market. It doesn’t matter that much
China is a huge market.
That's history.
What else? We are going from bad to worst.
lol yes, and its beautiful.
Great move by China... it's always better to secure crude oil from reliable and friendly countries and pay in cross border currency..the world needs China's market.. that's the fact.
Trump says, "Drill, drill, drill, when he was in the White House America was selling not buying oil and gas.
@@namoi45 American oil production is currently the highest in the world and production increased under Joe Biden.
America can drill all it wants but soon will have very few markets to sell it too.
And you believe what your government tells you... just a thought America's consumption is the issue ÷ we're it's getting oils= cost price... On it's own property how many barrels do you put in to get out ( peak oil )Hubbers equations
Part of the problem is not drilling. It is being a dangerous shopkeeper, therefore customers are looking at other friendly shopkeepers that will not punish their customers.
@@lucpaquin6025 There’s always someone wanting to buy oil, dollars, gold, diamonds, silver, copper, crypto, stocks, bonds, garbage,recyclables, food, water, and any other items/commodities/services you can think of, that’s why America was just fine during the first Cold War when we only sold to half of the world’s countries, there’s always someone looking for a bargain.
Good job 🇨🇳. China now buying cheaper oil from Russia,and countries in Middle East, Central Asia etc.
It works for BOTH sides as they separate from one another. Right?
@@pausereflect5911 the one side has more resources than the other , can you tell which side? Africa included.
@@JenHope113 One thing is for certain, NOTHING remains the SAME . There was a TIME that, that one side didn't have so many resources or ability to use them.
NEVER rely on or make long term decisions based on present good times!
AFRICA will have her time too.
Why buy from a bad bad rude shop when you have so much choice to chose from.
Petrodollar time Is over, democracy coming to Oil trade 😅
Hahahaha common sense US oil is more expensive?😅😅😅
Exactly.. not rocket science.
not just oil.
We Are in cold Ester now
US Gov: Everybody needs to decouple from China. Stop selling them oil, gas and other natural resources.
Also US Gov: Hey China, we have shipped your order of 60,000 tons oil. Thank you and come again next time.
It’s America that’s the problem not China
3000 years ago, Tanah Melayu (former name for Malaysia) has traded with India & China. Balancing East and West is in Malaysian DNA
We all stand with china
Good news thanks
I didn't think it would create a big problem for America until it couldn't be solved. They should be able to find new markets. At the same time, the dollar silently maintains its value on the exchange market. To devalu dollar need time For the dollar to depreciate takes time and requires some sacrifice.
The dollar is being dumped so that keeps it strong . The world has only one way to get rid of unwanted reserve currency, that is to spend it. We're starting to hurt because our treasury sales have been disasters due to dedollarization. The dollar isn't maintaining it's value, in fact it's dragging down other currencies.
If it is printed at trillions n being circulated in the market it will die soon .
We need to keep it anyway
Thank you
Trade is goods exchange not keeping ban any goods you make better.
World Trade Organization is very ineffective.
What I care about is the price at the pump. Low prices are good for our economy
Not to mention good for our wallets
free palastine
Свободный Курдистан.
This shift could have significant implications for the U.S. economy and its global hegemony.
We need it anyway. So, be it. Who cares.
Its not a big deal😂😂😂
Europe is Richer than china 😂😂😂
Good
Wow
Us dollar .
I have sold my us dollar .
Have you.....
me to
It’s called sharing the wealth
US needs to find a super power leader ..not old fakirs ..US declining fast ..ppl are tired of High Noon ,Guns of Navarone , John wayne etc ...🎉🎉😂😂😂
China will resume buying oil from the US when the US price goes below $70 a barrel.
BRICS/OPEC nations cannot afford to sell oil below $70 a barrel without running a
budget deficit in their economies. Under a Trump Administration, US oil sales could
go as low as $40 a barrel forcing China to have no choice but to buy oil from the US.
The US will never be that cheap again because the gov't raised royalties dramatically on all oil production.
I remembered once Russia n Saudi pressed down to even USD20 per barrel during COVID which killed off many USA shale Oil producers .
Well done China
🇨🇳❤️🇳🇵
All bc their friend did not win
👍👍👍👍👍👏👏👏👏👏
In a way China is helping EU who perhaps can enjoy lower prices from US oil supply.
good luck with that
@@sktan3743 lower prices?
@@ILIVEAGOODLIFE More supply means lower prices.
@@sktan3743 Actually the US doesn't have that much oil to sell and it's very high in price. LOL.
Keep dreaming I'm paying two Euros per litre that's 7.20 Euros per gallon
Im a contractor from the 🇺🇸
I’m here to provide a quick reality check for many of you.
If our 🇷🇺🇨🇳 allies sovereignty is under threat….
then so is our sovereignty… The United States 🇺🇸🇺🇸simply put… is a multicultural mirror that represents the efficacious dreamers across the globe..
We in the USA 🇺🇸 have a moral obligation to support the wellbeing of our brothers and sisters that hail from all parts of the planet.
(We are aware that the biggest obstacle has been the US Government)
History has repeatedly shown that an Empires failure comes from the overstepping of boundaries. Example
( The sanctions have made the dollar an illegitimate currency because .0001% of the population can and will freeze your assets based purely on politics)
We can’t let this happen to those that make up the USA, the government does not represent the other 98% that want peace and to visit and be apart of BRICS and to get rid of NATO which only exist to provoke the sovereignty of Russia.
Immigrants were the foundation of a developing early 20th century American and regardless how you feel this most definitely means Russia and China…. Russians are the second largest ethnic group in the USA. 🇷🇺 played a massive part in US development…
She sold Alaska for $7 million dollars. The state of Alaska is worth estimated $500 billion today. Not even 1% of its value. The Cold War would have happened with any other country developing nuclear weapons but had it been any other country on the Asian continent at that time we would have experienced a Nuclear winter because there is no Non English speaking country that resembles the American way of life more than Russia. Ukraine doesn’t even hold elections yet here we are defending their “democracy “
.. and sure the easiest route to peace is surrender.. but we all know that taking the easy way today just makes tomorrow that much harder…. So we must take every step today while we have it to stop the Biden administration and their war mongering. We want our country back and we want Kenny as president and the removal of nato or atleast Trump but Biden has done the most damage globally. It’s disgusting and I am sorry to everyone around the planet
Dumbest comment I have ever read
China the World SUPERPOWER is turning up the HEAT.. US the plastic empire about to melt 😂
Turning up the heat with what. Their economy is on the verge of collapse.
No chinese cars no chinese goods fantastic!!!
America needs the oil.
It needs the money
@@rawword It just prints it to falsely stay at top. War is their only business. Sad world we live in.
They can print more money until it becomes toilet paper.@@rawword
@@user-kb9bd5tt8f with less demand for the dollar now, they need sales outside the US in dollars. But hyperinflation will get them in the end.
Even if they have bunch of oil, the big oil companies will not lower the price because having huge price increase will increase their profit.
Multipolar 🌎. That's how it shd be.
I believe it' is the best movie of China. Well by knowing there is oil producing all over other countries. It's a good idea to get oil supplies from BRICS members. All the best.
They have food from just about country in exchange for installing high speed for those country,under the world their are thousand and thousand of food item that the chinese can find under the sea that the rest of world dont need.
Ooooops.....
Death of dollers
Get even
🥳🥳🥳
🥳🥳🥳🥳
Good move. Why buy from US when they are more expensive. Though it was actually a give and take rather than reliance on the US, because there were trade both ways, now there's no need to give it support. I am sure Biden didn't see this.
Bye2 dollar,it's good to be Malaysia with BRICS,
Great: less question for American oil, less inflation for Americans?
Less governmental income = more dollars= dollar inflation
@@aminavazeh4433 , less income of dollars is printing more dollars = inflation. The better solution is race money
@@bassmouter4694 one things you see in economics major government's every problem solution is print more and use other things to control it but in this case USA is already on a stage that causes worldwide pressure on dollar not just value but different bricks system in future if they gonna fix it at least they have to come whit new systems someday.this current one can't resist forever
@aminavazeh4433, we pay in the Netherlands 7,5€ for each gallon of petrol. We know it’s all taxes, 70% but in return we get good roads, good infrastructure in return. They even dredging harbors and canals. The harbors at America are not deep enough to handle ships with more as 8000 TUE containers, while we have enough harbors to handle ships till 40.000 TUE.
The taxes on fuel are 7,4 billion € of the annual income to spend by the government a year. Our government expenses are 433,6 billion € a year. To build the Second Maasvlakte for big ships costed 2,9 billion euro.
But it made traffic with TUE seacontainers much cheaper. The whole transport chain makes profits of it.
@aminavaze4433, the Rotterdam harbors revenue annual 34 billion euro to our exports. An investment of 2,9 billion euro to that deep water harbor at the Second Maasvlakte is it truly worthwhile. Something to think about in America.
This will happen, we don't need too much oils.
It was Chinese weakness.
China can get from Russia and Middleast as well as Indo and Malay.
US is farway and expensive.
Why he pay more?
@@albertnawab9211 It's because it want to narrow down the trade deficit which favours China.
@@albertnawab9211 The Chinese have to buy oil from US otherwise the trade deficit would be much worse for the US.
@@joelim5840
Why should we pay more?
Let US find other countries for export.
Let the dollars inflated. China was wrong.
China should say, sorry, we can't help you.
We are getting from Malay, Indo, Russia cheap.
Hell yes good more oil for us
And you think oil is gonna be Cheaper Or What?
The U.S. will sell to Europe. making up losses in trade between Europe and Russia. The demand is high so whomever you want to sell it to, there’s a buyer.
The EU might stop buying LNG and oil soon. The far right leaders of EU want to buy cheaper. Then what could be the resolution?
@@almirantevaltjen678 the price for Russian gas would rise so U.S. gas would become cheaper, causing everyone to switch back.. the cycle continues just as it always does
There’s always a buyer.
@@andysworld47 Not really. The US is more expensive and lets be honest, the EU and UK are broke and desperate just like the US.
If Europe càn afford US oil and pay in US dollars.
😂😂😂
As for the Crude Oil, I say Drill here, Refine here, and use for Americans here!
US oil could be saved for domestic use … selling to China is not necessary, US needs no trade or businesses overseas except mineral resources.
Monopoly Money is not a dollar!
FEDERAL RESERVE NOTE is not a Dollar!
Bitcoin is not a Dollar!
Crypto currency is not a Dollar!
Have any of you people ever research that word, Dollar?
The Universal Prophet Noble Drew Ali warned everyone back on the 1920’s.
Is this a tale of tales saga?
From what I've read, during Trump presidency, Trump forced China to sign an agreement to import oil from US for 25 years. It was when gas price was low. I don't care much about this as they should be able to work thing out
Who cares
This move may preserve some breathable air and drinkable water in the upper American continent.
Now let’s talk blending.
Most refiners blend oil to produce oil products.
Ie
The U.S. blends Canadian heavy with West Texas Light.
China has a different motive.
It sells on Russian oil as blended to by pass sanctions on Russian oil.
That means it needs to import even more then before from other areas.
The Persian Gulf is higher risk premium than west coast north or South America
The hardest part of documenting this recent worldwide BS is deciding which are the new Oceania, Eurasia and Eastasia, I blame Eric Arthur Blair.
Yeah. They cant afford. Woo hoo. And when the war breaks out, guess what country is getting blockaded.😂
Although interesting, your image reporting style make us literaly dizzy. Your voice is also hypnotic. Those're not good for anyone.
Yes dont buy usa oil , buy Russian reliable cheaper win win for both ..
Any sources? You are stating a lot of stuff that I can’t find any sources that confirm anything you say.
Google it, if you are in doubt
@@fastepo yea, I did before I posted the question and found nothing to confirm about 80% of your claims
Fact or Fiction its nice to see something that shows the demise of the death economy
be more specific? Trade volume of China and BRICS or US?
Dont worry Joe has a plan... THREADS
This video makes no sense, try making useful videos.
US doesn’t sell many goods to China so those is no big deal. The US is also stopping its dependency on Chinese goods. American made us better for the US.
Dream on!
Most of our medicines, both prescription and OTC, are dependent on Chinese ingredients. Most of our electronics are dependent on China. Most of our car parts. We cannot decouple from China because we are a consumer nation and cannot supply our own needs.
Someone is living in fantasy land way out of touch with reality.😢
The more videos i watch from you, the more i think thins is a propaganda channel. I haven't figured out yet for who.
What do you mean? Which propaganda?
@@fastepo CCP propaganda to be precise.
Then, prove that our contents are wrong!
@@fastepo I'm not saying that your information are not factual. I just think the facts you present are done so selectively to portray a narrative.
@@onggia850 welcome to the internet, noob.