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Politics : Bush-The Mastermind behind 9/11? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (9437)	12/28/2004 4:37:38 AM
From: GUSTAVE JAEGER	Read Replies (1) \| Respond to of 20039

Debunking the Oil Myth --Part 7.... China gains access to Venezuelan oil By Chris Buckley The New York Times Tuesday, December 28, 2004 BEIJING The Venezuelan president, Hugo Chávez, finished a four-day visit to China during the weekend in which he signed agreements that promise to open China's access to Venezuela's oil and natural gas fields. Under the agreements, Chinese companies will gain development rights to 15 oil fields in eastern Venezuela, and China will also be allowed to build oil refineries there. Chávez praised the agreements, signed Sunday, as an opportunity to reduce his country's dependence on oil sales to the United States, which has opposed his government's leftist policies. He said that Venezuela also invited China to help Venezuela establish an oil corporation. "We have been producing and exporting oil for more than 100 years, but they have been years of dependence on the United States," he told a gathering of Chinese and Venezuelan business executives in Beijing, The Associated Press reported. "Now we are free and we make our resources available to the great country of China." Venezuela exports 60 percent its oil to the United States. The agreements between the two countries are also part of China's effort to ensure greater access to oil supplies abroad. China's oil demand has leapt as its economy has boomed, but domestic production is flagging. Venezuela offered to export 120,000 barrels of oil a month to China, and Chávez said his country was planning to expand a pipeline across Panama to speed oil shipments to China across the Pacific. This year, China's oil imports are likely to reach 2.7 million barrels a day, an increase of a third on last year, accounting for close to half of its total oil consumption. iht.com Of course, Judeocon spinmeisters keep bamboozling public opinion, that is, the leftist, bleeding-heart section thereof, pretending that oil is paramount to the US foreign policy... That's why hundreds of US soldiers are dying in Iraq --TO GRAB ALL THAT ARAB OIL!!! LOL... Sure! and at the end of the day, when the Pentagon will have secured all the oilfields in Saudi Arabia and Iraq (at the cost of thousands of lives), China will quietly --and bloodlessly-- pump billions of barrels out of Canada, Venezuela, Nigeria, Angola, Lybia, Russia,... you name it! Makes sense, doesn't it? Gus