this post was submitted on 09 Mar 2026
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As oil prices climbed past $100 a barrel for the first time in four years, OCBC analysts said China may be “less sensitive to a prolonged closure of the Strait of Hormuz than many of its Asian peers.”

“China has accumulated one of the world’s largest strategic and commercial crude reserves,” the analysts said, adding that its “rapid transition toward electric vehicles and renewable energy provides an additional structural hedge.”

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[–] jacksilver@lemmy.world 1 points 13 minutes ago

I always forget when looking at energy production, the US is at 40% renewable+nuclear (21% just renewable) which is actually around the same for China ~40% renewable+nuclear (35% just renewable).

[–] Spacehooks@reddthat.com 27 points 14 hours ago (1 children)

Almost like renewables helps relieve the stress and instability from factors you cant control. Who would have thought?

[–] anomnom@sh.itjust.works 8 points 13 hours ago

When the weather is more reliable than a countries geriatric leadership.

[–] Corporal_Punishment@feddit.uk 18 points 14 hours ago (1 children)

China, unlike the rest of us, plans ahead.

[–] hammertime@lemmy.org 0 points 6 hours ago

China, like the rest of us, murder Muslims. Simp all you want.

[–] NoneOfUrBusiness@fedia.io 6 points 14 hours ago (1 children)

Gulf oil has basically been the sword of Damocles hanging over their neck for decades; of course they've got plans for when it's cut off.

[–] whyNotSquirrel@sh.itjust.works 6 points 13 hours ago (1 children)

Just like US and Europe. I mean the sword thing, not the plans

[–] NoneOfUrBusiness@fedia.io 4 points 13 hours ago

Kinda but the US (and therefore Europe by distant, unreliable proxy) controls the Arab side of the Gulf, so while it was playing with fire there was little reason to worry about it unless someone did something extremely stupid (like, I dunno, start a war with Iran). But then again Europe never had any real say over US foreign policy/warmongering, so I guess they're the worst of both worlds in that sense.