• Maeve@lemmygrad.ml
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    30 days ago

    However, Lipow also pointed out that “The oil market will be watching the Chinese reaction as they are the largest buyer of Venezuelan oil, benefiting from discounted prices and, they may be reluctant to observe USA sanctions, keeping Venezuelan oil flowing into the market.”

    God help us.

    • sinovictorchan@lemmygrad.ml
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      30 days ago

      Are they making their occassional confession that they know that Communist countries provide real assistance to each other without fear of treason in their periodic self-contradiction to their claim that Communist superpower have conflicts with other Socialist countries?

      • MarmiteLover123 [comrade/them, any]@hexbear.net
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        30 days ago

        No one is going to nuke each other over Venezuela. China is not going to directly confront the US over Venezuela either. The US bombed Iran, where China buys a lot of oil, and China did not militarily confront the US in any way. China cares about projecting power around the first and second island chains. Everything else is secondary.

        • Redcuban1959 [any]@hexbear.net
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          30 days ago

          China probably sees Venezuela as just a good trading partner, and as part of Russia/Brazil’s sphere of influence. Nicaragua under Sandinista rule only bothered to recognize the PRC in 2021.

        • Maeve@lemmygrad.ml
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          29 days ago

          Hmm, you edited your post since I replied. I think wherever volatile elements are involved, watchful caution is appropriate.

      • PeeOnYou [he/him]@lemmygrad.ml
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        30 days ago

        same… i was telling my partner we really should move away from here, sooner rather than later, but maybe its better to just get vaporized right away