China Warehouse- More Than Crockery Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (5128)	7/6/2005 12:15:27 PM
From: RealMuLan	Read Replies (1) of 6370

By Robert J. Samuelson--"Interestingly, however, CNOOC's bid for Unocal wouldn't much advance China's quest for secure energy supplies. CNOOC says it simply wants to expand its business. So it seems. Unocal's attraction is that it has large reserves of natural gas and oil in Asia, but most of the resulting energy production wouldn't go to China. Unocal's natural gas in Thailand and Bangladesh is already contractually committed to local markets. Oil produced in the Caspian Sea by a consortium of 10 companies flows toward Europe by pipeline. Natural gas reserves off Indonesia, after being converted into liquefied natural gas, might be sold to China. But regardless of whether CNOOC or Chevron wins, the gas might end up in the same place. Geography matters. We shouldn't see demons where they aren't. This is mostly standard corporate combat: Two suitors want the same trophy. Chevron is probably the favorite. CNOOC's advantage lies in its subsidized loans. But Chevron is bigger and can stir anti-Chinese political fervor. Let them fight it out -- without Washington's interference." washingtonpost.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next