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

To: Chas. who wrote (55627)	9/29/2009 2:21:04 PM
From: elmatador	Respond to of 217881

China had oil interest from day one. Angola did not want to go to IMF and World Bank. Asked China for money to rebuild the country. China offered 6billion credit line. With 3 more to add. Only counterpart was: we need a guaranteed supply of oil. The oil skyrocket! China credit line was looking like small change. China waited. Oil collapsed. China came again to get firm grip on oil. Agina were rebuffed, as Marathon oil sale to Sonangol rather to China oil concerns. Meanwhile credit crunch hit razil and China offered USD10 billion to Brazil and Brazil took. W Pretty soon USD10 billion will look like small chnbage again. Chinese are not stupid. They withdraw and wait. They just wait until someone is in dire straits to go after what they want on the cheap. Other will wait and try to sell higher. It is normal commercial strategies. Not the quest for money oil and power of the US, mind you.