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Posted on 05/14/2026 8:38:50 PM PDT by SeekAndFind
"They're looking to explore Alaska" is the latest word on how Communist China might reduce its dependence on uncertain Persian Gulf oil imports, according to a Fox News report on Thursday.
As you must know by now, President Donald Trump and his impressive entourage are in Beijing for a two-day summit with Chinese Communist Party boss Xi Jinping, which always makes for great TV. I grew up watching presidents Jimmy Carter, Ronald Reagan, and George H.W. Bush meet with an accelerating array of Soviet party bosses, usually so that they could agree that neither side would build more nuclear missiles than it takes to blow up the world 30 times, instead of the previously agreed-to 25 times.
Then there was that time in 1986 at Reykjavik when the Soviets were so close to being flat on their backs that Mikhail Gorbachev proposed that both sides give up their entire nuclear arsenals — "Nuke Free in '93!" or some drivel like that — if Reagan would just give up his silly notions about missile defense.
Nyet, comrade.
The point is that back then, these things were tense because one bad summit might mean the end of the world.
Nuclear Armageddon isn't on the table with China — or at least not quite yet — but both sides wage Cold War II along parameters like trade where the Soviets were basically a nonentity, or in fields like AI that didn't exist during the first Cold War.
While modern summits lack the nuclear drama, the stakes and the tension still run high. Heck, Chinese journalists — government scribes just like our own but without the moral preening — trampled a White House aide on Thursday.
(Excerpt) Read more at pjmedia.com ...
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Don’t tell the FReyores or they may start thinking the world isn’t over.
China would buy all the oil it could from Alaska. Also if the Feds allowed it huge amounts of coal could be mined in Alaska and sold to China. Like it or not with a national debt of over $36 trillion and China holding hundreds of billions in US Treasury notes, they will have to get something from the US that they can really use.
Here’s what we know:
No concrete concessions.
Xi says Hormuz must remain open and Iran must be prevented from developing nuclear weapons, but no commitment to accomplish either.
China announces it will buy 200 Boeing 737 Max jets. Maybe they’ll buy more later, but Wall Street was looking for an order of 700, hence the 5% drop in its shares today.
Trade rep Greer said today that are rare earth exports from China to the United States are improving, but Beijing is still slow to approve some shipments.
Xi warns President Trump on Taiwan with language not used on previous state visits by him and predecessors.
All in all, nothing special so far.
Bear in mind that none of the dozen or so CEOs (including Musk) who shlepped along on the trip have any interest in tightening trade restrictions with China.
[My China play is Almonty (ALM), a tungsten producer. China produces over 80% of this critical mineral. Almonty mines it in Iberia and South Korea.]
Remember when that absolute retard George W. Bush refused to use his 90% approval ratings after 9/11 to force through drilling in ANWR?
Better to give Alaskan drilling, mining, & land rights to Japan
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