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Started By
Message
The US buys crude at $104. China pays $134.
Posted on 9/16/26 at 2:04 pm
Posted on 9/16/26 at 2:04 pm
quote:
Shanghai crude just settled at a record 900.7 yuan a barrel. WTI: $104.52.
What matters? The gap was $5 in 2024. It was $18 in March. It is $30 today.
China has lost the free and heavily discounted oil from Venezuela and Iran and is paying record premiums for alternatives.
Data: Bloomberg, Shanghai International Energy Exchange.
Loading Twitter/X Embed...
If tweet fails to load, click here.Posted on 9/16/26 at 2:05 pm to Bobby OG Johnson
The war is about China. People always laugh at me for saying that…but it is a fact. Venezuela and immediately after Iran? Of course it’s about China.
Posted on 9/16/26 at 2:07 pm to BBONDS25
Shhhhhhhh....don't talk so loud
Posted on 9/16/26 at 2:14 pm to Bobby OG Johnson
quote:
Shhhhhhhh....don't talk so loud
Yeah
TRUMP BAD! EAT THE RICH! GO AOC!
Posted on 9/16/26 at 2:15 pm to BBONDS25
quote:
The war is about China. People always laugh at me for saying that…but it is a fact. Venezuela and immediately after Iran? Of course it’s about China.
How do we stop China buying Iranian oil after the conflict unless we take over Iran like we did Venezuela? Isn't it more likely a weakened Iran allows China more influence once the dust settles?
This post was edited on 9/16/26 at 2:16 pm
Posted on 9/16/26 at 2:16 pm to Bobby OG Johnson
Seems like China should join the US and finish of the Iran. That would shake the world up big time if the US and China joined forces.
Posted on 9/16/26 at 2:17 pm to BBONDS25
What’s the strategy to keep Iran from ever selling to China again?
Posted on 9/16/26 at 2:18 pm to SlowFlowPro
I believe China also has the largest reserve in the world. So yeah they're paying more now, but they have oil to work with.
Posted on 9/16/26 at 2:19 pm to Bobby OG Johnson
quote:
China has lost the free and heavily discounted oil from Venezuela and Iran
Been saying this on here for a while. It’s a fundamental shift in power as a result of energy.
The challenge is China doesn’t have to worry about mid terms and elections. They can just plow forward on whatever their long term strategy dictates.
Politically they can outlast us and use our own media to their advantage to influence decisions that benefit them.
Posted on 9/16/26 at 2:32 pm to BobBoucher
quote:
Politically they can outlast us and use our own media to their advantage to influence decisions that benefit them.
They can also pretend their economy is stronger than it is, until it collapses like a ghost city.
Posted on 9/16/26 at 2:42 pm to SlowFlowPro
quote:
How do we stop China buying Iranian oil after the conflict unless we take over Iran like we did Venezuela? Isn't it more likely a weakened Iran allows China more influence once the dust settles?
Good question. I don’t know. Doesn’t change the fact that the war is about China.
Posted on 9/16/26 at 2:43 pm to roadGator
quote:
What’s the strategy to keep Iran from ever selling to China again?
I don’t know. I do know China is hurting more from this “war” than we are. I also know Iran immediately following Venezuela isn’t nothing. Trump underestimated Iran. That was an error on his part. However, this war is about China.
Posted on 9/16/26 at 2:51 pm to BBONDS25
Thanks for confirming that the nuclear weapons justification was a total lie. 
Posted on 9/16/26 at 3:01 pm to Bobby OG Johnson
So we should correct our trade imbalance by buying up every drop of oil we can at $104 then sell the excess to them for $134, use that profit to buy more oil at $104, etc. 
Posted on 9/16/26 at 3:10 pm to Bunk Moreland
quote:
Thanks for confirming that the nuclear weapons justification
Why can it not be both?
Posted on 9/16/26 at 3:11 pm to BBONDS25
quote:
The war is about China. People always laugh at me for saying that…but it is a fact. Venezuela and immediately after Iran? Of course it’s about China.
This.
Posted on 9/16/26 at 3:50 pm to atlgamecockman
No one know for sure how much but they can weather the storm better in the short term. Trump seem to be in a rock and hard place politicly with mid terms coming up and the middle east heating up the economy still sucks and high gas prices will make it work. Student loans are also starting back up so that will create more monetary pain
Posted on 9/16/26 at 3:55 pm to Bard
Hate to burst your bubble, but the chart isn't comparing apples to apples.
Pricing and Delivery Structure for Shanghai is CIF Basis: Prices reflect the arrival cost at the destination port, absorbing freight fluctuations. Unlike FOB (Free On Board) benchmarks like WTI or Brent, Shanghai futures factor in tanker and shipping dynamics. Spikes in global shipping rates directly influence the relative strength of the INE contract.
Those tankers all run on diesel.
So, what's really happening is that China is finally paying market price plus the added shipping and insurance.
Pricing and Delivery Structure for Shanghai is CIF Basis: Prices reflect the arrival cost at the destination port, absorbing freight fluctuations. Unlike FOB (Free On Board) benchmarks like WTI or Brent, Shanghai futures factor in tanker and shipping dynamics. Spikes in global shipping rates directly influence the relative strength of the INE contract.
Those tankers all run on diesel.
So, what's really happening is that China is finally paying market price plus the added shipping and insurance.
Posted on 9/16/26 at 5:06 pm to SlowFlowPro
quote:
Isn't it more likely a weakened Iran allows China more influence once the dust settles?
Won't Iran...if the right circumstances happen at the end of this...be able to sell it's oil at market rates to anyone?
Wasn't it selling to China at greatly reduced prices because it had to?
Posted on 9/16/26 at 5:20 pm to BBONDS25
quote:
The war is about China.
I was saying this like three months ago and they didn’t listen.
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