This is a common myth that PRC will succombed in the face of an oil embargo. Not gonna happen. PRC still pumps about more than 50% of oil it consumed, and commies know that it is civilian sector of the country that are reliant on imported oil. China has largest coal reserve in the world, and they can, and they know how to, make petroleum from coal. They are also building, or proposing, oil pipes in Burma, Afghanistan, Pakistan and Iran. They tried to persuade Russians to build a pipe for them, but Russians have other calculations, though there is no difficulty in it. The Achilles' heel of PRC is not oil. |