China Poised to Weather Energy Shocks With Stockpiles and a Smart Grid
TL;DR
China could ride out a global energy crisis and potentially gain geopolitical leverage thanks to its massive onshore oil stockpiles (about 851 million barrels), ongoing oil flows from Iran, and a long-term push to a resilient 'supergrid' and renewable energy buildout that reduces reliance on imports and cushions the impact of Hormuz disruptions.
Topics:businessenergy#china-energy-security#energy#renewable-energy#strait-of-hormuz#strategic-oil-stockpiles#supergrid
- Why Global Energy Shock Could Leave China Stronger Than Ever Crude Oil Prices Today | OilPrice.com
- China cannot escape the energy shock The Economist
- China’s Hormuz Problem Foreign Policy
- China’s Power ‘Supergrid’ Gives Xi Buffer Against Energy Shocks Bloomberg.com
- China talks up oil sufficiency as Trump seeks Beijing's help on securing Hormuz energy route CNBC
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