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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST

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To: carranza2 who wrote (54429)9/3/2009 4:12:38 PM
From: elmatador   of 219051
 
OPEC will lose the upper hand as the gravity center moves out of the Gulf.

The Chinese know the OPEC is an unholy alliance of big oil and the sheikdoms.

Chinese will buy its oil needs in line of which countries buy their stuff.

As OECD bought oil from whom buy their stuff, weaponry included, thus a constant state of warfare was to be concocted in he Middle East.

China is not going to buy US oilshale or Canadian bitumen. They are going to LATAM oil and African oil and Russian gas and oil.

Keep in mind that oil was much more than energy. It was a tool of control. Oil exploration and production deals today has this in mind when they do a deal.

Both Brazil and China do not want to let anyone control issues via oil. Countries have not only smarted up to defend their currencies (avoiding fleecing as per last posting), they have their eyes on other means OECD can come out on top by way of deception.

Thus no one is going to support Canada bitumen nor US oil shale in the same scale as oil in West Coast of Africa and LATAM.
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