The world is on the edge of a total energy collapse and the United States just made a desperate plea that fell on deaf ears. Treasury Secretary Scott Bessent is publicly begging China to release its massive 1.2 billion barrel oil stockpile as the Strait of Hormuz remains blockaded. While the West faces skyrocketing $100-per-barrel prices and fuel rationing, China is sitting comfortably on months of cheap oil they bought at a discount while we were busy with sanctions. It is a strategic nightmare of epic proportions. This isn't just a shortage; it's a global power shift happening in real-time.
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