The Secret Reason Gas Prices Haven’t Exploded: China Is Quietly Draining Its Massive Oil Reserve to Buy the World Time
Source: Brandon Weichert
Brandon Weichert argues Washington has China backwards: in two wars, Beijing has played stabilizer — quietly draining its 1.4-billion-barrel oil reserve to hold down global prices and delivering Putin a harsh, unequivocal warning against nuclear weapons in Ukraine. The catch: when China's cushion runs out, prices spike fast.