There are predictions that global oil demand will drop by 3-million barrels per day because of the Coronavirus contagion. So why is China stocking-up?
In the SARS contagion starting in November 2002, constraints on flying and public transport increased driving, which is much less fuel-efficient.
SARS was controlled by mid-2003, but the disruptions to transport continued until early 2005. China’s oil consumption went up by 11% in 2003 and by 16.5% in 2004.
Extrapolating the China/SARS model for “what-if COVID-19 goes global”,spits-out a number of nine-million barrels per day of extra oil demand in 2020.
Brandon J. Weichert is a geopolitical analyst and author. His book, "Winning Space: How America Remains a Superpower" is due out in Fall 2020 from Republic Book Publishers and addresses the need for a U.S. Space Force, the threats the United States faces from rising technological powers, such as China, in space, and where the United States should be moving in terms of space defense, exploration, and development. On top of that, Brandon is the founder and manager of The Weichert Report: World News Done Right, where he delivers unconventional reportage on some of the world's most important news stories. He is also a contributing editor at American Greatness and The American Spectator, and he contributes to Real Clear Public Affairs, Real Clear World, and Real Clear Defense regularly. Brandon's work on national security has also been republished in Yahoo! News, the New York Post, The Spectator US, and The National Interest. Brandon is a frequent guest on The John Batchelor Show where he comments on Chinese technology and trade policies. He travels the country briefing audiences from the military and tech investment community on matters related to technology and national security. Brandon is a recovering Congressional staffer who holds an M.A. in Statecraft and National Security Affairs from the Institute of World Politics in Washington, D.C. and he can be followed on Twitter @WeTheBrandon. Please be sure to follow The Weichert Report's Facebook page @theweichertreport, too. For any press or media inquiries email him at theweichertreport@gmail.com.
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1 Comment
That’s interesting. Did not know China was buying.
THE WEICHERT REPORT 
That’s interesting. Did not know China was buying.
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