S8 Ep1133: Michael Bernstam discusses China's "colonial" economic relationship with Russia, demanding natural gas at heavily subsidized domestic rates. Capitalizing on Russian weakness, Beijing insists Russia fund its own pipelines while China signals a shift toward
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 16 July 2026
⏱️ 10 minutes
🧾️ Download transcript
Summary
Michael Bernstam discusses China's "colonial" economic relationship with Russia, demanding natural gas at heavily subsidized domestic rates. Capitalizing on Russian weakness, Beijing insists Russia fund its own pipelines while China signals a shift toward supporting Ukrainian territorial integrity, effectively throwing Putin "under the bus" to pressure the West. (1)
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| 0:25.6 | This is a high risk investment and you should not expect to be protected if something goes wrong. I'm John Bachelor. The headlines from war zones. Iran War Live, Reuters. |
| 0:52.2 | U.S. launches new wave of strikes and Tehran threatens to close shipping routes. |
| 0:56.7 | Right now, we're talking about different wars. |
| 0:59.7 | The war over the Strait of Hormuz, the war over Ukraine. |
| 1:02.8 | But they look like one war if you look at the energy story, and if you look at China and Russia. |
| 1:08.7 | Michael Bernstom of the Hoover Institution is here to connect |
| 1:11.8 | to all these dots. |
| 1:13.1 | We're not going to begin in the Strait of Hormuz. |
| 1:15.6 | We're going to begin in Beijing, recent visit by Vladimir Putin. |
| 1:21.1 | Why? |
| 1:22.1 | Well, they're friends. |
| 1:23.3 | There are no-limit friends. |
| 1:24.4 | At the same time, the limit at that time was that China won't build |
| 1:28.8 | and won't pay for a second stream pipeline for natural gas into Russia. Won't allow it to happen. |
| 1:36.0 | Putin left Beijing disappointed. However, the story is now changed. Why? Michael, a very good evening to you. |
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