The latest Middle East tensions sheds light on how the world's three largest oil consumers have taken different approaches to energy, with global consequences.

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.”

    • hammertime@lemmy.orgEnglish
      1·
      3 hours ago

      I’ll provide my positive opinions of China once you condemn it. But we both know you’ll just laugh and disappear like the typical parlor pink.

      • king_comrade@lemmy.worldEnglish
        1·
        3 hours ago

        I’m keen to hear them, I condemn China’s stance towards Taiwan, their treatment of Uyghurs and free Tibet.

        • hammertime@lemmy.orgEnglish
          1·
          2 hours ago

          According to the news we hear about China, they seem to be doing a good job moving away from fossil fuel dependency. Their rail network is impressive. And their reforestation projects are admirable.