Kai/Kyle Risdell

speaker

241 appearances 1 recordings 1 series first heard Aug 2026 last heard 4 Aug

Kai/Kyle Risdell’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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Marketplace · Manufacturing boomed in July. Thank all that AI money · 4 Aug 2026 podcast

Why is he not crowing about their ability to do this and also with it the leverage that obviously now he is demonstrating over the global economy?

Because if he decides to start importing oil tomorrow, the entire global economy just changes.

The explanation that I've sort of arrived at and that some of the analysts I talk to think is that China is actually doing this for its own economic self-interest, but in an indirect way.

China's economy is fundamentally dependent on the exporting of...

a lot of cheap goods all over the world.

Well, who are the countries that it depends on to export all those goods?

It's the biggest economies in Europe and the biggest economies in Asia.

It's the very economies that would be the hardest hit by an oil shock.

Hmm.

And so the idea is that China was actually realized when this crisis broke out that if these countries fall into recessions, if they get hit by an oil crisis, it's going to rebound and undermine China's own economic model.

And if that was the case, that would explain the silence.

You wouldn't want to parade to the entire world that actually our economic model is dependent on saving the world from oil shocks.

It wouldn't set a very good precedent.

So that's the best theory that I've at least come across.

Which, you know, stands to reason for the moment, but it is by definition a finite explanation because even if they've got a zillion barrels of oil underground somewhere way out west in China, it is finite.

And there will come a time when they're going to have to start importing oil again.

I think that is right.

And I think that is both a problem for China, but also a problem for the rest of the world.

The reason that this war has been able to drag on so long in part is because the pain has been relatively muted.

And so it is a sort of twist of irony that the fate of Donald Trump and his war are now actually contingent on the U.S.

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