Posted on 07/20/2005 10:02:19 AM PDT by eastforker
Unocal's stake in Southeast Asia
CIA World Factbook said Thailand used about 785,000 barrels a day in 2001. 25% of that is about 196,000 barrels. Suddenly they only have about 234,000 barrels that we might "lose".
Unocal said it currently expects worldwide average production for 2005 to exceed 430,000 BOE per day, up from a previous estimate of 425,000 BOE per day.
Unocal Net Income Soars 69 Percent on Oil Prices
I think Unocal is more accurately called a minor source of US oil.
Wow!! Sounds scary!! How much do you suppose they will dump? How much would that cause rates to rise? How much would that cause housing prices to drop?
Do you think they might lose any money when they dump these treasuries? Do you think this might cause their exports to drop?
"Whew! Thank goodness some national pride and sanity remains."
The pessimist in me says they'll be a shareholder lawsuit within the month.
I was being facetious of course. If China dumped treasuries they would lose tens of billions of dollars and we would retaliate by cutting off all trade with them.
GREAT NEWS!!!
I am very relieved that some sense of loyal to this country prevailed.
We really, really need to get away from the "made in China" thing.
That will only change when "all" retailers big and small, chain and independant across America changes it. It isn't just a matter of saying consumers have the say so on this problem. Two thirds of the time consumers never really know where products are made. And some companies will put phoney manufacture labels on their products.
Good thing you corrected yourself before the grammar police came by... LOL.
This is a HUGH relief!!
I seriesly want to avoid the grammar police.
Good news! Thanks to Chevron which saved our country.
How does this save our country?
Plus, how long do you think it would take WalMart and all the other companies that do Chinese business to find new suppliers in other parts of the world? Within six months, that 20% would be permananently unemployed as replacement factories kick in South Asia, Africa, Indonesia and tons of other places. How do you think they'll think about their masters then? Besides the economic loss from China would be balanced to some extent by lower gas prices as Chinese demand collapsed.
Thanks! Ya know Joe Battalya (sp?) of Goldline on his afternoon radio broadcast yesterday said the same thing.
Interesting... I guess they still scare me the most, as there are so many of them and they are communist. The majority of them live in poverty, don't they? Sure, we see the big cities and all that, but most of the place is 3rd. world, maybe getting to 2nd world, so to speak.
They can begin routing Oil away from their enemies (U.S.), Taiwan, Japan, and to themselves without a war.
In the event of a war, C-3 is already in place.
C'mon.
It would actually affect their economy just as much as it would ours. Also, we are now starting to move to India, and possibly Vietnam. I myself can remember when eveything was made in Japan. We always complained about things made in Japan, but in reality, it was better than Made In China.
Oh the days when China was weak and without nuclear capabilities, weren't those the days before Clinton sold us out?
Don't tell me the commies tried to subvert the Maytag Repairman. Oh, woe! The Visuals!!!My American Repair Guy blood runs cold at the thought!
So true, it's amazing that that particular subject is never brought up by the MSM.
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