Comments by "Withnail1969" (@Withnail1969) on "Iranian Seizure of Oil Tanker Could Spell Disaster for China || Peter Zeihan" video.

  1. The tanker was bound for Houston, Texas, not China.
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  2.  @frankk6416  what is the point? tankers heading for China are not being siezed.
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  3.  @AlfaGiuliaQV  its not chinese owned. Advantage Tankers based in Europe own the ship. the oil on board is owned by Chevron.
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  4.  @andrewlankford9634  you're wrong there. the US needs a lot of oil imports because most of the oil the US produces is no good for making diesel. that's what Peter doesn't tell you.
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  5.  @AlfaGiuliaQV  they may have an interest in the ship but the oil is Chevron's.
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  6. Chevron own it.
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  7.  @lillydogpoo65  He's telling Americans a story they want to hear. Never mind if it's true or if he has to rewrite history as he does in this video where he claims the US has never been dependent on Middle East oil. Obviously the truth is the US was hit very hard by the OPEC oil embargo and subsequent 500% rise in the price of oil because whiie the US is a big oil producer it is an even bigger consumer and needed those imports. He doesn't tell you that the US unilaterally ended the Bretton Woods agreement when it took the dollar off the gold standard in 1971 because it had been printing so much money to pay for the Vietnam war. He says the US doesn't depend on internatonal trade because it doesn't export much, but omits that the US runs up huge trade deficits with China every year.
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  8.  @ghostpiratelechuck2259  the tanker was carrying a cargo of Kuwaiti oil purchased by Chevron bound for Houston.
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  9.  @uchrinmike  owned by advantage tankers, managed by Genel Denizcilik Nakliyati AS, a Turkey-based company
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  10.  @ooreofe1  This is an American oil cargo that has been seized.
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  11. This wasnt their route. The tanker was headed for the USA.
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  12.  @bighands69  China has more refining capacity than America as of 2022
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  13. The ship will be released along with the crew and go on its way once this issue is sorted out.
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  14.  @FATMAN_tactical  No they don't.
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  15.  @lillydogpoo65  you're absolutely right. another thing he leaves out is that the oil produced from fracking in the USA is too light to make diesel so it doesnt really help much with America's needs.
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  16. The tanker was bound for Houston, Texas.
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  17. it seems to be owned by a Europe based company called Advantage Tankers.
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  18.  @andyjackson2901  No. This was an American oil cargo siezed by Iran in retaliation for America seizing an iranian cargo a few days earlier.
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  19. it was from Kuwait bound for America, owned by Chevron.
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  20.  @veronicamaine3813  The US is not really a net exporter. It looks that way because it does refining for foreign clients but that oil does not originate in the US.
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  21. You're aware this is a US oil shipment on the tanker, aren't you?
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  22. The tanker was bound for Houston. Can Peter explain why America would be importing tankers full of oil it doesn't need and why he is implying this tanker was bound for China?
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  23. its not owned by China. its owned by Advantage Tankers based in Europe.
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  24. You export most of the oil you produce because its crappy oil (too light for diesel). Then you import the oil you actually want and refine it.
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  25. It's an American owned oil cargo confiscated by Iran in retaliation for the USA confiscating an Iranian owned oil cargo a few days earlier.
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  26.  @USandGlobal  no that is incorrect. most US oil is too light to make diesel.
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  27.  @bh-zj4yt  yes, the oil was owned by Chevron.
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  28. This is a European owned tanker bound for the USA.
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  29. They will take the oil and release the ship, correct. It's American owned oil.
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  30. This is your oil shipment not China's.
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  31. you're not missing anything, you're correct. this oil is needed to make diesel in the USA.
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  32.  @ivancho5854  No, the problem is the US oil is mostly no good for making diesel. Too light.
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  33.  @jcgrundl  this ship was bound for the USA
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  34.  @jcgrundl  this ship was bound for Houston, Tx
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  35.  @canyonmonkey2537  you've listed some things but missed out the most important one.
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  36.  @canyonmonkey2537  Yes it does. Chevron purchased it in Kuwait. This isn't a situation where oil is loaded onto a tanker to wait for a buyer.
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  37.  @simonhenry7867  You don't know what you're talking about. The whole problem is that US produced oil is too light to make diesel. It can't replace the imported oil. And yes this oil on the tanker is oil for America.
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  38. the main threat to gobal shipping is not pirates, its the US Navy
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  39. Because the oil produced from fracking which is most of US oil production nowadays is too light to make diesel. US refineries don't want it.
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  40. The tanker wasn't going to China. It was going to America.
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  41.  @Dobbs65  The cargo will be given to China to compensate them for the China bound Iranian cargo confiscated recently by the US.
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  42.  @SummerSong1366  It means the Houston refinery doesn't get its oil delivery which is going to cause shortages.
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  43.  @SummerSong1366  Because Peter's audience is so stupid that they don't know this was an American cargo. They think it was a Chinese cargo and Iran has attacked China.
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  44.  @lscorpiusl605  This oil is for domestic use in the US. Chevron purchased it in Kuwait..
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  45. Read the actual news story. The tanker was not bound for China.
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  46. it's not true though. Most US oil is too light to make diesel, and diesel is what we need today.
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  47.  @wakannnai1  It is a problem for the US. Natural gas can't really replace diesel. Nothing can replace diesel since its the most energy dense substance known short of uranium.
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  48.  @niweshlekhak9646  that isn't true. Canada has made no such agreement.
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  49.  @bighands69  its not true because the US imports a lot of oil, obviously.
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  50.  @KaDaJxClonE  Russia can and does build pipelines without western support. it has built several including nordstream II, turkstream and power of siberia.
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  51. it's an American owned cargo bound for America.
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  52.  @aldofromsf  With American owned oil on board bound for America
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  53.  @aldofromsf  you're right, its only $700 million worth of oil. no big deal.
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  54.  @aldofromsf  oil is essential to the american way of life. not having oil of the right kind in the right amount is not an option.
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  55.  @aldofromsf  no oil no coffee.
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  56.  @philognosis6409  Iran also did this when the Brits seized a tanker if i remember right
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  57.  @Aj.dadnerd  The Philippenes is not capable of standing off China.
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  58. Why? How would that benefit low income Americans?
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  59. it is your problem. The oil on the tanker is owned by America and was supposed to be going there.
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  60. its only US bound oil cargos that are at risk. China can insure its own tankers.
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  61.  @blazed420rcd  The heavy oil is needed to make diesel which nowadays is the number one oil product.
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  62.  @careylymanjones  American crude is no good. Can't make diesel and diesel is what is mainly needed.
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  63. this is a US owned oil shipment bound for America
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  64. As long as it takes to unload its American owned oil cargo.
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  65.  @brianjones7660  Countries are starting to trade in yuan not dollars
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  66.  @brianjones7660  but thats changing as we speak. for example Argentina just switched to using yuan when trading with China. your figures will be out of date already. all those dollars will be coming home.
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  67. China produces 10 times as much steel as the USA and 41 times as much aluminium. It produces 7 times as many heavy trucks. It has 41,000 km of high speed rail (The USA has 0 km). It has its own space station. The 4 biggest bridges in the world are Chinese. It has the world's largest dam. It produces far more electricity than any other country and far more coal. In 2021 China received almost half of all shipbuilding orders globally. It has the world's largest navy. In the last two decades it has lifted 300 million people out of poverty, a record.
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  68. This was a tit for tat for America seizing a China bound tanker a few days earlier, it turns out.
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  69. This oil was bound for the USA not China.
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  70.  @instantsiv  Iran did it because the US recently confiscated an Iranian oil cargo.
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  71.  @thesuperflexibleflyingtaoi8866  Not really the case. It's the US that destabilises the world. The problem is the US consumes too much and produces too little. It's a drag on the world economy.
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  72.  @comatoseps1382  you heard him. no American flagged tankers in the Persian Gulf but America still imports oil from there.
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  73.  @gaoxiaen1  Yes one can do that but you should understand that Canadian heavy crude is a synthetic product that takes huge amounts of mining and also reacting with hydrogen produced with natural gas to produce. it's very expensive and damaging to the planet making it. there isn't much energy return.
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  74.  @gaoxiaen1  They seem pretty solid so far. How long have they been ruling China? Longer than you have been alive I'm sure.
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  75.  @alanhopkinson1838  not from Mexico. Mexico doesnt produce enough for exports any more. Canada does not produce much real oil.
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  76.  @oldcrook510  China itself is the world's 4th largest oil producer, producing almost 5 million barrels a day
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  77.  @bh-zj4yt  No. It's used to make diesel in the USA.
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  78. This was American owned oil on its way to America.
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  79. it was carrying oil for a US customer.
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  80. This happens occasionally and the tankers get released along with the crews and go on their way.
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  81.  @Dobbs65  The tanker was bound for America. Some claim it is Chinese owned. I don't know how they would be able to get that information from the holding company.
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  82. The main threat to global shipping is in fact the US Navy but Peter pretends otherwise
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  83. The oil on board is American owned and was bound for America, so not really good news.
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  84. yep. most of Peter's audience are blissfully unaware this was an American owned oil cargo bound for America.
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  85.  @surushs.447  Only Americans believe Peter's preposterous claims.
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  86.  @careylymanjones  Chevron paid Kuwait for the oil.
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  87. they have siezed several in recent years and the US did nothing
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  88. The sun is setting on America.
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  89. The cargo is American owned. They will take the cargo if America does not release the Iranian oil cargo it recently confiscated.
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  90.  @chesh3712  The oil on board is owned by Chevron.
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  91.  @bighands69  China's oil refining capacity overtook the United States as the world's largest in 2022
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  92. To do what? Our navy has about 5 ships most of which don't work properly
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  93. it's American owned oil on board. Iran is going to give it to China.
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  94.  @Mr_Rob_otto  China can refine oil cheaper than the US can so this was more likely for American use
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  95.  @gaoxiaen1  cant run big trucks on gasoline and america runs on trucking
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  96.  @gaoxiaen1  good luck getting more food if US trucking shuts down
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  97. Its an American cargo confiscated by Iran in retaliation for America confiscating an Iranian oil cargo a few days earlier.
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