Countries with higher dependence on oil and gas face more immediate economic pain from energy price increases, while those relying more on coal may experience delayed but potentially more severe economic consequences if global energy shortages disrupt trade and demand for their exports.
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Dr. Melanie Hart & Bill O'Reilly on America and China's Energy PainAjouté :
So then you come back, uh to you DC, the president does, and he's facing 77% of the American public blaming him for higher prices on not just gas, but food and everything else.
So he has to do something militarily, I would imagine, against Iran. He has to move against Iran.
It's a good point with gas prices, you know, for China's gas prices have risen a lot less than ours. Here in the US, gasoline is up 51% since the war, China's is up only 39%, so they're not feeling the same pain at the pump as we are. We rely on oil and gas, that's about 70% of our energy mix. China relies on coal. So oil and gas is only about 30% of their energy mix. Where things I think the the the interesting question that you're really asking is where is everybody's pain point?
President Trump has a clear pain point that you're talking about with American voters, and at what point do we begin to decide that the costs are too high?
China does have a pain point, too. It's just a little further down the line.
China's okay right now from an energy perspective, but China's problem is going to be if the rest of the global global economy is tanking from this energy shortage, they can't buy Chinese goods anymore. So China does have a pain point, it's just a longer fuse than ours.
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