Is China Turning Trump's Oil Weapon Against Him?

Usually when referring to the so-called oil weapon, analysts are talking about the decades old policy of major oil producing nations withholding production to tighten supplies and drive prices up, often driven by geopolitical motivations. The most nefarious example of this came in 1973 when middle eastern producers, led by Saudi Arabia, cut oil imports to the U.S. and a number of Western countries. Two other embargoes took place in both 1956 and 1967 with less than stellar results. Their objective, especially in 1967 and 1973, was to force countries…