So now there's 1.8 million barrels less. Russia has got sanctions on them. They're not able to do it. With all that being said, if China's only got about 90 days of supply of this cheap oil. soon as the cheap oil leaves, they're going to have a 30% increase on production because you cannot make a product or deliver a product without figuring in the cost of energy. (02:14–02:18)
CLAIM
Asserts that China has a limited supply of discounted oil.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
