In this episode, Samo Burja and Erik Torenberg discuss China's energy strategy and its broader geopolitical implications. Contrary to popular belief, China is not aggressively pursuing energy independence but remains reliant on imports despite significant domestic oil production. The conversation delves into China's geopolitical strategy, its military preparedness, and the potential consequences of a conflict over Taiwan. The episode also explores the broader implications of a potential U.S.-China industrial competition and the risks of a bipolar world. - This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. -- RECOMMENDED PODCAST: Complex Systems with Patrick McKenzie Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more. Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH Apple: https://podcasts.apple.com/us/podcast/complex-systems-with-patrick-mckenzie-patio11/id1753399812

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--- REFERENCED ARTICLES: “China Isn’t Pursuing Energy Independence” https://brief.bismarckanalysis.com/p/china-isnt-pursuing-energy-independence

--- LINKS: Samo’s Bismarck Brief: https://brief.bismarckanalysis.com/

--- FOLLOW US ON X: @eriktorenberg (Erik) @samoburja (Samo) @turpentinemedia (Turpentine)

--- TIMESTAMPS: (00:00) Introduction (01:46) China's Domestic Oil Production (03:00) Energy Independence and Geopolitical Strategy (04:00) Comparing US and China Energy Policies (05:13) China's Economic Logic Over Energy Security (06:09) China's Relationship with Iran and Russia (07:55) Modernizing China's Petrochemical Industry (08:33) Advising China on Resource Independence (16:13) Sponsors: beehiiv | Babbel (18:58) China's Strategic Priorities and War Likelihood (22:16) Western Brinksmanship and Misconceptions (29:29) The Role of Manufacturing in Modern Warfare (30:44) The Need for a Massive Industrial Base (33:30) Sponsors: Squad (34:54) China's Strategic Military Preparations (36:57) China's Oil and Resource Capabilities (40:11) The Taiwan Conflict: Economic and Military Implications (52:47) The Future of Global Power Dynamics