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A comment on China is the manufacturing superpower. Parent comment

Re:China is the manufacturing superpower by acchow on Saturday January 04, 2025 @02:56AM (#42593265)
> You might be surprised to learn that manufacturing is larger industry in the US than our tech industry, or that our domestic oil industry is even larger

US oil and gas industry has $240bn in annual revenues. This is about comparable to how much Americans spend at Apple (almost $200bn)

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Re:China is the manufacturing superpower by ajax33 on Saturday January 04, 2025 @11:11AM (#42595566)
The number you quoted for oil and gas revenue is quite low.

ExxonMobil alone made $300 billion in revenue in 2023.

Even if you look at oil majors that only operate in the US - Marathon had $170 billion in revenue in 2023.

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Re:China is the manufacturing superpower by greggyb on Saturday January 04, 2025 @11:21AM (#42595635)
I don’t think that you’re correct about US O&G revenue.

The US produces 13M barrels of crude and condensate per day: https://www.eia.gov/todayinenergy/detail.php?id=61545

The lowest recent spot price is $69.5: https://www.eia.gov/dnav/pet/PET_PRI_SPT_S1_D.htm

This tells you that annual production of just crude oil is > $300B/yr. The US also has plenty of downstream processing after production (https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm), which means that total annual revenue must be significantly greater than this.

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