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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (21806)	11/15/2004 3:41:09 PM
From: Wyätt Gwyön	Read Replies (1) of 110194

China to Build Strategic Oil Reserves there is an interesting discussion of China's oil strategy in Klare's book. basically, they are seeking out oil in every corner of the globe. they are also supplying arms to the likes of Kazakhstan (so are we) and are building a $10 billion pipeline for oil from that region. the Chinese also scored a coup with investments in Sudan, which was off limits to US due to Congress. China has handled some very big projects there. also, they are chumming up to Iran and running a pipeline from the Caspian Sea straight to Iran's southern coast to bypass our naval fleets in the Gulf. the idea is always to diversify suppliers, as well as supply lines, even at the expensive cost of $10 billion for a single Kazakh pipeline, which could be handled much more cheaply through existing Russian pipelines. the Chinese are obviously very concerned about their energy security in the future, and are paranoid that we may shut them off at some point as we attempt to colonize the entire Persian Gulf over the next five to ten years.

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