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U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1982

182 points · 234 comments · thelastgallon

  1. thelastgallon · · focus · HN ↗
    Global oil prices haven't skyrocketed so far thanks to China inverting the OPEC strategy of keeping prices up by destroying supply.

    China stopped/reduced buying, used their large reserves, EVs and now accelerating EV trucks. And also coal to liquids.

    Eventually, China may have to start buying and thats when the fun begins.

    <a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2026&#x2F;09&#x2F;17&#x2F;business&#x2F;energy-environment&#x2F;china-oil-iran-war.html" rel="nofollow">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2026&#x2F;09&#x2F;17&#x2F;business&#x2F;energy-environme...

    <a href="https:&#x2F;&#x2F;oilprice.com&#x2F;Energy&#x2F;Coal&#x2F;Chinas-Renewable-Boom-Masks-a-Quiet-Coal-to-Liquids-Expansion.html" rel="nofollow">https:&#x2F;&#x2F;oilprice.com&#x2F;Energy&#x2F;Coal&#x2F;Chinas-Renewable-Boom-Masks...

    China is now the world’s great oil power. Forget OPEC. The Chinese Communist Party calls the shots. <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=49238158">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=49238158

    1. excannuk · · focus · HN ↗

      [dead]

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