Commenting on perhaps the most absurd moment of the Xi-Biden virtual summit, which as we learned last night, was the US president begging China to release oil from its strategic petroleum reserve (ostensibly because due to opposition by Democrats in the US such as top House Democrat Steny Hoyer, Biden can’t do that), Rabobank’s Michael Every said that it was “an odd power dynamic when one is a massive energy exporter, and the other a massive energy importer.”
