Another way China is ripping us off | WHAT REALLY HAPPENED


Another way China is ripping us off

Iranian troops take part in the "National Persian Gulf day" in the Strait of Hormuz, on April 30, 2019. - The date coincides with the anniversary of a successful military campaign by Shah Abbas the Great of Persia in the 17th century, which drove the Portuguese navy out of the Hormuz Island, after which is named the waterway which separates the Gulf from the Sea of Oman.

In the old days, it would have been absolutely essential for the United States to ensure that the Strait of Hormuz—through which a third of the world’s crude oil passes daily—remained open. It is less essential now, thanks to the oil shale revolution, which has once again made America an oil giant. We now produce more oil than Saudi Arabia and more than the Russians.

Meantime, China has become not only the biggest consumer of energy in the world, it has become, since 2014, the biggest importer of oil in the world. So why isn’t China—which has an increasingly powerful blue water navy and can project its might with growing ease—doing more to protect the flow of oil? Its oil?

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