Oil
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80% of the oil transported though Hormuz is destined for Asia, of which 37-38% goes to China. Beware of exaggerated clickbait on X and YouTube.
China imports 3x more oil from other gulf states (UAE, Saudi, etc) vs Iran. The country that China imports the most oil from is Russia, followed by Saudi Arabia, Malaysia, etc.
80-90% of Iranian oil exports goes to China’s mostly smaller (“teapot”) independent refineries. The larger state owned refineries work with more “stable” sources like Saudi Arabia and Russia.
The smaller refineries account for 25% of China’s refining capacity, supplying the smaller/independent gas stations, petrochemical factories (light plastics, fertilizer) and export to Philippines, Vietnam, Singapore, Thailand, Australia, etc. (the larger state owned refineries sell to South Korea and Japan).
www.theguardian.com
P.S. Venezuela heavy crude export to China is used for asphalt production. China accounts for 74% of global asphalt imports.
It's time to think big.
The proposed pipeline has successfully completed its second so-called open season where would-be customers indicate their desire to reserve capacity on the conduit, according to a joint statement released by the companies on Monday.
The Western Gateway network, slated to begin operations in mid-2029, will involve building a new stretch of pipeline from Borger, Texas, to Phoenix.
westerngatewaypipeline.com
irvinehomeowner
Well-known member
I wonder how long it will take to translate to lower pump prices.
Gas stations seem to raiser prices fast and lower prices slow.
Gas stations seem to raiser prices fast and lower prices slow.
morekaos
Well-known member
Drill Baby Drill is the winning strategy….This is gonna rock Chinas world…
The U.S. is an absolute energy monster * Sitting on 46 billion barrels of proved crude reserves (60% still locked in tight rock) * Permian Basin alone pumps 6.6 million barrels/day, more than every OPEC country except Saudi * Total U.S. crude: 13.6M barrels/day, the world’s #1 producer, beating Russia (9.1M) and Saudi (9.3M) * Natural gas? Not even close, record 43.2 trillion cubic feet in 2025, about 25% of global supply. The U.S. out-produces every petrostate on the planet. -- @hedgeye
www.americanthinker.com
Petroleum Rules the World: We Control Most of It
By ignoring all the bright thinkers and conventional analyses the President’s genius strategy has placed us in the driver’s seat. We are now the world’s top source of oil and gas and control major distribution flows of petro supplies from around the world.The U.S. is an absolute energy monster * Sitting on 46 billion barrels of proved crude reserves (60% still locked in tight rock) * Permian Basin alone pumps 6.6 million barrels/day, more than every OPEC country except Saudi * Total U.S. crude: 13.6M barrels/day, the world’s #1 producer, beating Russia (9.1M) and Saudi (9.3M) * Natural gas? Not even close, record 43.2 trillion cubic feet in 2025, about 25% of global supply. The U.S. out-produces every petrostate on the planet. -- @hedgeye
Petroleum Rules the World: We Control Most of It
By ignoring all the bright thinkers and conventional analyses the President’s genius strategy has placed us in the driver’s seat. We are now the world’s top source of oil and gas and control major distribution flows of petro supplies from around the world.
irvinehomeowner
Well-known member
So we should keep Hormuz closed!!!
I read that US oil, although easier to refine. is more expensive than Arab oil which is why their heavier crude dominates the market.
But if we make more…
I read that US oil, although easier to refine. is more expensive than Arab oil which is why their heavier crude dominates the market.
But if we make more…
morekaos
Well-known member
Again, you miss the point. 80% of the oil that runs through Hormuz goes to china. Most of the oil from Venezuela goes to china. We don’t get much oil from either but we now control that flow….china is the endgame…always has been….check mate
irvinehomeowner
Well-known member
Oh so are you saying war with China is the endgame?
Yeah.. that would be so smart.
Yeah.. that would be so smart.
irvinehomeowner
Well-known member
BTW: You are being shortsighted with your China theory. I'll let you think about all the ramifications and the actual facts about China's oil supply.
You need to start using logic before claiming chess victories with your checkers social feeds.
You need to start using logic before claiming chess victories with your checkers social feeds.
morekaos
Well-known member
Control and influence without firing a shot. I knew this was the strategy months ago. Way before anyone wrote about it. The markets tell the truth. US equity and oil Prices tell the tale….
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morekaos
Well-known member
Winning! No shortage here
Record armada of tankers bound for US Gulf to load oil
Shipping data posted by maritime intelligence company Windward shows 171 crude tankers are bound for the U.S. Gulf to load crude oil cargoes, which compares with about 110 in a typical month.
The surging vessel traffic comes as nations throughout Europe and Asia grapple to secure energy supplies and regional prices skyrocket. Germany is providing emergency fuel relief to its citizens while officials in the Philippines recently declared a national energy emergency as the world looks increasingly to the U.S. to replenish war-starved oil and gas markets.
https://www.msn.com/en-us/news/news/content/ar-AA20NNDA?ocid=sapphireappshare
Record armada of tankers bound for US Gulf to load oil
Shipping data posted by maritime intelligence company Windward shows 171 crude tankers are bound for the U.S. Gulf to load crude oil cargoes, which compares with about 110 in a typical month.
The surging vessel traffic comes as nations throughout Europe and Asia grapple to secure energy supplies and regional prices skyrocket. Germany is providing emergency fuel relief to its citizens while officials in the Philippines recently declared a national energy emergency as the world looks increasingly to the U.S. to replenish war-starved oil and gas markets.
https://www.msn.com/en-us/news/news/content/ar-AA20NNDA?ocid=sapphireappshare
irvinehomeowner
Well-known member
Make up your mind.
morekaos
Well-known member
always missing the point…we control the worlds oil markets…we call all the shots…check mate…and prosperous
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irvinehomeowner
Well-known member
Always never using logic.
And that's why you always miss the point.
And that's why you always miss the point.
momopi
Well-known member
Again, you miss the point. 80% of the oil that runs through Hormuz goes to china. Most of the oil from Venezuela goes to china. We don’t get much oil from either but we now control that flow….china is the endgame…always has been….check mate
80% of the oil transported though Hormuz is destined for Asia, of which 37-38% goes to China. Beware of exaggerated clickbait on X and YouTube.
China imports 3x more oil from other gulf states (UAE, Saudi, etc) vs Iran. The country that China imports the most oil from is Russia, followed by Saudi Arabia, Malaysia, etc.
80-90% of Iranian oil exports goes to China’s mostly smaller (“teapot”) independent refineries. The larger state owned refineries work with more “stable” sources like Saudi Arabia and Russia.
The smaller refineries account for 25% of China’s refining capacity, supplying the smaller/independent gas stations, petrochemical factories (light plastics, fertilizer) and export to Philippines, Vietnam, Singapore, Thailand, Australia, etc. (the larger state owned refineries sell to South Korea and Japan).
China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained
The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins
www.theguardian.com
P.S. Venezuela heavy crude export to China is used for asphalt production. China accounts for 74% of global asphalt imports.
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Liar Loan
Well-known member
It's time to think big.
Phillips 66, Kinder Morgan Advance Gulf Coast-to-California Pipe
Phillips 66 and Kinder Morgan Inc. will move ahead with the Western Gateway pipeline that will ship fuel from US Gulf Coast and Midwest refiners to California.The proposed pipeline has successfully completed its second so-called open season where would-be customers indicate their desire to reserve capacity on the conduit, according to a joint statement released by the companies on Monday.
The Western Gateway network, slated to begin operations in mid-2029, will involve building a new stretch of pipeline from Borger, Texas, to Phoenix.
westerngatewaypipeline.com
westerngatewaypipeline.com