Let's see...BP has caused the world's largest environmental disaster and in doing so has closed off an oil supply to the United States. Here is what is happening further south:
From the link: "Reuters news reported on April 17 that Venezuelan President Hugo Chavez had announced that China was providing his nation with a long-term, $20 billion financing plan to fund major projects in his nation, which is a leading oil exporter.
'China is going to give financing to Venezuela, to the Venezuelan people, to the Bolivarian Revolution ... over the long-term and in large volume of some $20 billion,' Chavez said at a signing ceremony in Caracas.
Chavez said that the latest agreement was in addition to an existing $12 billion Chinese-Venezuelan investment fund into which Beijing deposits money in advance towards sales of oil. Venezuela currently sends China 460,000 barrels of crude oil a day, which is credited against the $8 billion China has loaned to Venezuela for infrastructure projects.
Bloomberg news quoted from a statement Chavez made on state television: 'We agreed on a huge, long-term financing plan. This is a larger scope, a super heavy fund. China needs energy security and we’re here to provide them with all the oil they need.'”
2 comments:
After reading this, I wanted to know how much, if any, of the oil coming into the US comes from Chavez. Here is someone who did all the research for me: http://www.energyrefuge.com/archives/where_oil_comes_from.htm
Seems the leaders in the great land of the North are fiddling while Rome burns. Keep stirring, Pam. As Yamamoto noted when the Japanese attacked Pearl Harbor, he was afraid that they'd awaken a sleeping Giant. We did awaken. Can we do it again?
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