
Chinese strategic oil reserves are missing.
China’s strategic oil reserve, to the surprise of the government officials who went to verify the reserves in May, was instead composed of water, sludge, various debris and overflow from nearby sewer lines.
That’s awkward.
China used to circumvent sanctions to buy oil from Iran and Venezuela, but the US has instituted management disruptions in those countries. The Strait of Hormuz is also critical. China might want to help out the US in keeping that open.






