Not even close. 1) US has at least 4x lower oil reserves than China so it can't outlast China in a game of energy chicken, 2) US produces mostly light crude while almost all its refineries are for heavy crude so it can't even use the stuff it makes, 3) China has the ability to control its own industries like flipping a switch so they can halt oil-demanding (and refining) immediately to control 15% of the world's demand of oil which immediately impacts the entire world's price on oil, 4) they can get oil from Iran and Russia through the Yuan since everything you want is made in China so oil export controls don't work.

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chasil 18 hours ago | parent | next [-]

In researching this question, 40% of the refineries in the U.S. can process light crude efficiently.

They all can refine it, but the more technically adept refineries that specialize in processing heavy, sulfur-soured crude do not run efficiently with lighter grades.

https://www.forbes.com/sites/rrapier/2026/04/05/debunking-a-...

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1234letshaveatw 18 hours ago | parent | prev [-]

very interesting! So US refineries that can handle heavy crude are unable to handle light crude?

	▲	0xbadcafebee 15 hours ago \| parent [-]
		It's not that they are unable to entirely, it's that they are unable to economically. If you're paying more to refine your oil than what it costs to sell/use it, you're taking money away from your industries that depend on oil. Eventually the businesses would go bankrupt. Since we have a "free market", the market doesn't want to lose money, so it will run at a shortage with high prices, or stop running entirely (whole refineries can shutter due to losses). We saw this in practice during the 70s when OPEC forced a shortage. We are still vulnerable to the same thing. The same shortages seen in the 70's would have already happened this year due to the Straight of Hormuz - except China saved the whole world from shortages by cutting its own imports of oil by 50%. Their massive drawdown created a buffer in the world oil market that everyone else pulled from. This is why China's oil reserve and non-OPEC imports make them the most powerful country in the world now. They effectively exist in a separate oil system with plenty of capacity for themselves, while we remain reliant on OPEC.