Leftist are always fond coming up with hare-brained theories which are then amplified by the MSM and then further propagated by useful idiots amongst us. One of the oldest is “war-for-oil”, which is used to explain every military action in the middle east in context of access to oil. Perhaps leftist should consider this fact.
Last month the world witnessed a paradigm shift: China surpassed the United States as the world’s largest consumer of foreign oil, importing 6.3 million barrels per day compared to the United States’ 6.24 million. This trend is likely to continue and this gap is likely to grow, according to the EIA’s October short-term energy outlook. Wood Mackenzie, a leading global energy consultancy, echoed this prediction, estimating Chinese oil imports will rise to 9.2 million barrels per day (70% of total demand) by 2020.
Yes, all China had to do for that oil was to pay for it. An astonishing concept indeed, that further underscores Left’s limited understanding of economics.