 trade deficit. So in this section we will compare the trade deficits between China and United States. China to United States and United States to China and see where all this energy picture comes in, where does that pie comes in. We already talked about the US deficit with respect to China and you see all the slices that are here. As I mentioned before, the one missing country here is Saudi Arabia. They import quite a bit of oil. The majority is imported from Canada, but they still import quite a bit of oil from Saudi Arabia, but they export so many goods to Saudi Arabia that it all balances off. Only this year, 2023, that the Chinese trade from other than United States went to other countries, not to United States. Otherwise, there was a lot of things, luxury items, basically cars and stuff like that that are imported by Saudi Arabia. If you look at the Chinese trade deficit, you can see that for United States is a positive quantity. Yeah, here in this case, it's a negative quantity. As I said, it is approaching a trillion dollar in 2022, 2023. But for the Chinese case, it's a positive number. That means they are giving more goods to United States than importing goods from United States. And the biggest thing in this is oil. So the rest of the United States is China, so it's one thing. And if you look at the Saudi Arabia from someone else's point of view, the Saudi Arabia has a positive trade deficit from almost everything. The reason is that most of the oil in the world goes from Saudi Arabia. It has a very economic impact on the world. So these prices, because of which this trade deficit keeps going forward, it will have to be understood a little bit. How does this price generate? The price of oil, as I will tell you right now, where does it come from? What are the contributions from someone? So as it is written here, price of liquid gold. So the oil is called liquid gold because it depends on a lot of the economies. So you see, there are a lot of countries, they have their gasoline price, these are the numbers of 2022. So Venezuela is the lowest, 0.022. Venezuela, now you will know how bad the political conditions are in Venezuela. But despite this, since the country is small and their oil production is very high, their oil prices are very low. Libya, Iran, both look at how bad the political conditions of Venezuela are. But there is still less oil. Iran, Algeria and everyone. Saudi Arabia is now bigger, $0.62 per liter, now it's bigger. Now we have, now their entire policy had changed, when the crisis came in 2020, 2020, so all the prices have changed, now the prices of oil have also increased. So you see, there is a list of countries in which these prices are very high. Now all these countries that depend on all the imports, their prices are very high, in which there is the UK, Singapore, Monaco, all these things, Norway, Scandinavian countries are very high, which imports a lot and depends on the imports, their prices are very high. The United States is now $1 per liter, which is very close to Pakistan. I saw it here yesterday, it was in 2023, that here it was about 300 rupees, so it was equal to a little more than $1, China's $1.3 per liter. So what are the prices that contribute to this? And what are the effects of these things? So this is one thing that the political crisis of all the things in the world, its immediate effect, immediate effect. Now look at all these things in this graph, all these things, how much of the Iran-Iraq war is a big jump. Iran and Iraq all share a huge number of things in the world. So when they were fighting in the Iran-Iraq war, the prices were absolutely ahead. And apart from that, the recession of Libya has all the things, small things, although Libya is a very big exporter, but in its uprising, the case that happened with Qadhafi, it was completely increased. Libya is a country. So you see how much sensitivity there is in oil prices in the world. And all this history, from 2018-2019, look at all these spikes. Now you can say that this happened, this is why the price is increasing, this is why the price is increasing. So all this is political, right? Apart from this, there are other things, like I told you before, the weather is a very big thing. All the refinery in America is in the south, the eastern world, the Dallas, and all the storms come from there most of the time. One big storm came, two, four refinery were down, prices are absolutely increasing. So you see so much sensitivity, that these small things are absolutely great prices. And the oil prices are related to the prices of other things. The price of eggs is related to the oil prices. Why? Transportation, right? The price of carrots is related to the price of oil. Why? Transportation. Now look at these different prices. From which I was telling you that the price was negative. You have seen this graph on the left side, you have seen that the price is going to be negative. And the problem was the same, Saudi Arabia and Russia's national start was because of that. Today's price is the price of March 6, 2020. I mean, two days ago, when I saw it, it was like this. Now, look, it's just a matter of a few days, and in a few days, their prices are so great. And $80 fee barrel, $80 fee barrel. And you see, this was a lot of time, that $160 double price, $160 fee barrel. Now those countries, small countries in which they produce, like Ghana, Ghana has a little oil, Norway has a little oil, all their economies depend on that oil. If half of it remains, the price of oil means half of your economy remains. So these small countries suffer a lot because of this fluctuation. The most important thing about this is how they can be controlled. And there is no way to control it. Because there are forces, there are different political forces, there are geopolitical forces, they are all combined, they can control the price very difficultly.