The Country That Won The Oil War

China is now holding most of the cards in the oil price game as far as Riyadh and Moscow are concerned--and Beijing is right where it wants to be. The other two have overplayed their hands. And the U.S. has--once again--been caught napping. There’s a ton of geopolitical leverage to be had for China. The king of ‘soft power’, can simply turn the import taps off to make things extremely uncomfortable for Saudi Arabia and Russia, both vying for China oil sales and both with budgets that depend upon this far too heavily. This is the…