China should be prepared to deal with an oil exigency

Editor's Note: Drones attacked the world's largest oil processing plants and a major oil field in Saudi Arabia on Saturday, disrupting more than 5 percent of the global crude oil supply. Which has raised crude oil futures by 10 to 20 percent, the biggest rise in a day since the 1991 Iraq War. 21st Century Business Herald comments:

If Saudi Arabia cannot restore oil supplies quickly, oil prices could increase to $100 a barrel, although the United States' announcement that it is set to use its oil reserves in an effort to check oil price rise has allayed market fears to a certain extent.

The US is the largest oil producer, but Washington would not like to see oil prices rise, because it could push up its consumer price index.