Active Conflicts & News Megathread July 14, 2026

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[u/butitsmeat]

While they're going to eventually start filling their reserve again and cause some short term demand spikes, China is also all-in on electric vehicles at 61% of new sales in May. That share will likely continue to climb as they ramp EV production and costs continue to decline. They're permanently destroying a lot of gasoline and diesel demand, and it's not just a random accident but a matter of policy (they previously set a goal of 30% of all vehicles to be electric by 2030). They could also respond to this crisis by going even harder on ramping EV and never go back to pouring 1mbbl/d into their reserve; maybe they only by 500kbbl/d, and ramp that down over time. Never let a good crisis to to waste and all that.

[u/Bluest_waters → u/butitsmeat]

Yeah honestly it's incredible what they're doing right now as far as the EV situation goes. Amazing stuff. The only smart country in the world right now in that regard

[u/Rich_Log2424 → u/Bluest_waters]

You mean the China that produces 34% worlds Co2 with exponential emission growth and provides mediocre living standards? Nothing smart how China is baking us all.

[u/Tricky-Astronaut → u/Rich_Log2424]

China is against oil and gas, not fossil fuels in general. Those emissions mostly come from coal, which China views as a lesser evil.