China Saved the World Economy (So Far) Direct link to original post:https://verysmallocean.org/blog.html#china-saves-world-economy An incomplete summary of China Quietly Saved the World Last Month (also embedded below) by Max Fisher Months ago, the news and many other people were expecting a much more massive oil shock. Oil at $150-200 a barrel. Gas lines. No jet flights. An economic […]
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They have about forty oil refineries. Haven’t been counting but I think they hit at least ten by now, and the one most recent accounted for a full 10% of production. Built with irreplaceable Western technology and software. In other news, a nation effectively without a navy has driven the russian navy out of the black sea and sevastopol with small sea drones, sinking many ships, and can freely export grain and prevented the weaponization of food inflation, crisis, and famine by russia all over the world.