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Mario Nawfal
Mario Nawfal@MarioNawfal·
Forget just pumping oil, the real power play is refining it. China & US dominate global capacity at ~18.5 mb/d each. Next? Russia 6.8, India 5.2, Saudi 3.3. Everyone else trails far behind. Source: Post Factum
Mario Nawfal tweet media
Mario Nawfal@MarioNawfal

Hormuz effectively closed = oil chaos hits Asia hardest. China: ~38% of all Hormuz oil flows India: ~15% (40-60% of imports) South Korea: ~12% (~70% imports) Japan: ~11% (~70-95% imports) Guess who's still getting oil through (Iranian tankers prioritized)? The ONLY major non-US ally. Peak geopolitical irony. Source: Visual Capitalist, EIA

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Counterpoint
Counterpoint@cntrpntnews·
@MarioNawfal @grok What percentage of petroleum do each of these countries import to refine this output? Of those countries which is the most at risk of not having domestic oil production? Rank each country, highest to lowest risk.
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BENIWINN
BENIWINN@Beniwinn·
@MarioNawfal The gap between the top two and the rest of the world is staggering. It’s the difference between having the ingredients and knowing how to cook the meal. Which country on this list surprises you the most?
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puffers. puff puff
puffers. puff puff@diary34343·
@MarioNawfal Yes you hit the nail on the head ! The contracts for refining , make the product worth pennies. Ownership in the hands of refiners
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StickNCA
StickNCA@Stick_NCA·
@MarioNawfal Gavin Newscum saw to it that refineries closed during his watch.... Valero (Benicia), Marathon (Contra Costa) Phillips 66 (LA) and another Phillips 66 (Rodeo).
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shadowreply
shadowreply@shadowreply1·
@MarioNawfal U.S. and China controlling ~18.5 mb/d each? That’s global influence on a whole other level.
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Ashish Kumar
Ashish Kumar@AshishK19921206·
@MarioNawfal China is not just dominating oil refining but many more. The moment it decide to weaponise all of that it will be a big trouble for the world.
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thomasaiart 🇧🇷 Kaisar
thomasaiart 🇧🇷 Kaisar@thomasaiart·
Brazil and Venezuela do not need foreign refineries and oil. We have so much oil and unexplored areas that it makes no sense to follow the "global market bubble". Because the international price of oil is one thing, and the national "stockpile" is another; Russia has been talking about this for millennia.
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Zohaib👨‍⚕
Zohaib👨‍⚕@Zohaib14962·
@MarioNawfal Yeah and usa and china are one of the largest consumers of this refined oil. So it doesn't add much to there economy. It does add to the individual owning the refinery.
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Qwerty
Qwerty@IMatrisse·
@MarioNawfal China and Russia are one. Russia has oil, China refines it. Unfortunately, there are 2 huge players, who share a lot of profit.
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Creative Astrologer
Creative Astrologer@CreativeAatif·
@MarioNawfal Absolutely agree! Refining oil is where the real strategic advantage lies. The dynamics between these conflicting countries will shape global energy!
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Chris Gibson
Chris Gibson@gibson_chris·
@MarioNawfal Oil vs rare earth materials from refined oil and other essential items takes longer to make then to produce for gas and given rare earth material ability for new tech and the future sets the timing back. @elonmusk @realDonaldTrump
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乐之
乐之@LinRui0203·
@MarioNawfal Energy wars playing out everywhere tbh. Reminds me of mining pool concentration debates back in the day. Control the refinement, control the market. 👀
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