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Energy Shock Coming For China
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America is insulated from an energy shock since we drill most of our oil here at home.
We produce 14M barrels a day, about 2/3 of consumption — with Canada, Mexico and now Venezuela making up the gap.
Just 2% of our oil is imported from the Middle East.
It's a different story in Asia.
Peter St Onge, Ph.D. (9 March 2026)
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