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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (9723)	9/27/2006 11:33:03 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 219172

From a blog..... The more I look into it, the more I think this sort of thing may be the underlying reason for which Cheney launched the Iraq War: 'Iraq is planning to tap the small Ahdab oil field, in central southern Iraq, with development work starting soon, reported TradeArabia. Initial output would be about 30,000 bpd, rising to 90,000 bpd within two years. The field had previously been awarded to the China National Petroleum Corporation and the Chinese arms manufacturer Norinco by Saddam Hussein but an Iraqi official said the contract could be renegotiated. ' The question during the next 50 years is who would get the good proprietary oil and gas contracts in the Persian Gulf region. If it is China and India and to a lesser extent Russia, then the 21st century looks one way. If it is the US, it looks another.

To: TobagoJack who wrote (9723)	9/27/2006 11:48:16 PM
From: Maurice Winn	Respond to of 219172

TJ, a common trade misconception is that trade between countries needs to be balanced. No it doesn't. <iraq actually buys quite a bit from china, for infrastructure repairs and buildout, for consumers goods, weapons and uniforms, ... and so it follows that, to balance the trade account, some oil has to flow, so that the baby in the east can grow, and get stronger, ushering in teotwawki day > China need not buy any oil at all from Iraq. The USA could buy the oil, Iraq buys Made in China with said USD money. China buys CDMA cyberphone technology from QUALCOMM. QCOM delivers profits to me. I buy Made in China too [Huawei cyberphones for example]. The money happily goes around without piling up anywhere and with Iraq selling nothing to China. I don't see why people in China would want to compete with profligate Americans who drive dirty great SUVs for Iraq's oil. China can run nuclear power stations and zip around Beijing [and China] in maglev superconductor cars and on Segways. Mqurice