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spwa401/03/20261 replyview on HN

China is desperate, and also the enemy of essentially every source of oil ... "except" Venezuela (disregarding the fact that of course Maduro can't be trusted, and thus isn't really an ally of China. More accurately they're both desperate and might be able to help one another).

Russia is also desperate. And is extracting oil in Venezuela easier than doing it while under Ukrainian bombardment? Good question but we can summarize: extracting oil inside Russia is failing, thanks to Putin's 3-day special military operation ... and they've already had to import fuel twice in the past 6 months, despite how utterly ridiculous that is: the country that out-produced Saudia Arabia when it comes to oil needed to import fuel.


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monerozcash01/03/2026

China is moving away from oil at such a pace that any massive development of first the extraction technologies for Venezuela and then the actual infrastructure would probably take too long to be particularly useful.

Venezuela is also simply too far from China to be a reliable source of oil.

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