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CNPC, Sinopec, Cnooc Sign Venezuela O&G Deals
Rigzone, BEIJING (Dow Jones Newswires) ^ | Friday, December 03, 2010 | Simon Hall & Wan Xu

Posted on 12/05/2010 8:49:32 PM PST by Rabin

China's three main state-owned oil companies have strengthened their ties to Venezuela's energy sector, signing six agreements and increasing their investments to a planned $40 billion (US) dollars. The deals are the latest of a string of multi-billion dollar South American ventures signed by Chinese companies in recent months, aimed at acquiring major chunks of the continent's rich resources and at helping fuel China's economic boom.

(Excerpt) Read more at rigzone.com ...


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: china; cnooc; oil; sinopec
Obama unveils scaled-back oil-drilling plan, citing the lessons of the Gulf of Mexico oil spill, reversed course Wednesday and pulled plans to open the eastern gulf and portions of the Atlantic coast to oil and gas exploration.

New "Communist" Chinese leadership understands capitalism's potential far better than our leadership. They have trashed their urban landscape as they stagger into a macho cowboy culture, whilst we, at a national level, dither over forcing our combat arm to bunk with in your face queers.

Rab thinks; If we, as a culture don’t start getting our nuts attached to our roots rather soon, those whom have learned from us will default to our instructors.

1 posted on 12/05/2010 8:49:37 PM PST by Rabin
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To: Rabin

Obama has forced America into a 2x4 cubicle, whilst the rest of the world surrounds us and gobbles up all the resources. How very Saul Alinsky of him.


2 posted on 12/06/2010 12:13:01 AM PST by NOBO2
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