/biz/ - Business & Finance

>>21202653
The only reason the Saudi's were able to undercut the US's domestic cost for production was because they were engaged in a no-holds-barred price war with the Russians. They absolutely trashed their export economy pulling that shit, and now they can't afford to do it again. This isn't a question of the Saudis bailing the US out, they caused the problem because they can't be a good boy and stick to the OPEC price point. We literally topped of the US strategic reserves with our own production when the price of oil went negative due to futures contract fuckery. Unlike your shoebox nation, the US is actually capable of running beyond hand-to-mouth status on strategic commodities. Imports are dropping because the people who do this shit of a living know that domestic production is coming online again and that import prices are rising. Go have bot-tier opinions back on wechat.

>>21202288
He should. Natural gas is a potential feedstock for a colossal number of plastic products. Eastman Chemical was jizzing their pants about it in 2011, but now that fracking took off, they can actually get all that free gas to play with.

>>21013525
You forgot all of the granaries that were full of sand because the party officials sold the grain for profit, the biblical locust swarms, the mass culling of poultry flocks and pigs due to disease, the complete lack of refrigerated storage outside the tier one cities, and the fact that China is desperately trying to convert orchard land into grain fields. China is about to move into a famine in a world where every other nation wishes they were dead. Not even Russia wants to sell them any more wheat, and they've already bought as much produce as Brazil and the US will sell them.

Its over. The Chinese Century lasted from March 2020 to May 2020.