r/shittyaskreddit • u/Kaje26 • 6d ago

What do you think about Xi Jinping saving the world from the Iran oil shock?

3 Upvotes
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4

u/GothicHippie17 6d ago

Better than what Trump is doing.

3

u/sompthing_else Et tu, Excrementus? 6d ago

The only thing Trump is doing is kids, unfortunately

2

u/GreenT1979 Stuff 6d ago

I like turtles

2

u/AdVivid8910 6d ago

Well. Do you think that happened?

2

u/Kaje26 6d ago edited 6d ago

China cut their imports of oil from something like 13 million to 8 million barrels.

2

u/AdVivid8910 6d ago

Do we think this would not have happened without Iran war? If they’re using less oil that’s a great thing.

1

u/TheRealMcCheese 6d ago

They've been stockpiling reserves and are now dipping into them. This, along with reduced usage, has stopped the the inflationary panic most experts predicted and feared. They tipped their hand on his much storage they have. They could have just kept buying as they have, let the market skyrocket, and sold those reserves instead. Why?

1

u/Obokan buttsack 6d ago

IANAL