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China Buys Kazakh Oil Reserves For $4.18 Billion  
User currently offlinePanAm330 From United States of America, joined Mar 2004, 2692 posts, RR: 9
Posted (9 years 3 months 1 week 1 day 9 hours ago) and read 1274 times:

Interesting, don't you think? With all this talk of China becoming a superpower, acquiring foreign companies, and their thirst for oil, this could only have been expected, I think.

http://www.nytimes.com/2005/08/22/bu...iness/worldbusiness/22cnd-oil.html

4 replies: All unread, jump to last
 
User currently offlineMatt D From United States of America, joined Nov 1999, 9502 posts, RR: 47
Reply 1, posted (9 years 3 months 1 week 1 day 9 hours ago) and read 1266 times:

China will be the next Superpower economically, if not militarily. If they aren't already.

The United States will eventually sink to a low rate second place.

And the sick irony of it all is that China will have beaten us at our own game using one of our two weaknesses: greedy short sightedness.

The other American weakness, FYI: is our self centered inability to unite behind anything. To illustrate my point: try to imagine what would happen in todays social and political environment if we were to try and re-write the entire US Constitution.


User currently offlineErikwilliam From Brazil, joined Mar 2004, 2152 posts, RR: 11
Reply 2, posted (9 years 3 months 1 week 1 day 8 hours ago) and read 1236 times:

Quoting Matt D (Reply 1):
China will be the next Superpower economically

something quite easy, I must say, when you have 1.3bilion people and have a lot off interest going on.
Quite super-easy to produce cheap crap when you pay USD1.00/day. Even I would be a superpower if I could find people willing to work like that. And if one doesn´t want to work, OK, no problem, lot´s and lot´s do want.
Just been in China a month ago, must say there´s some pretty odd thing in there.
Another point, their economic basis are not that strong, so we might see some change in the game in some time, say, when OIL get´s too expansive.



Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
User currently offlineSunnyb From Canada, joined Jul 2004, 247 posts, RR: 0
Reply 3, posted (9 years 3 months 1 week 1 day 6 hours ago) and read 1201 times:

Not yet maybe..

Quoting From the news article:
The deal is subject to approval by two-thirds of PetroKazakhstan's shareholders at a meeting to be held sometime in October. PetroKazakhstan agreed to pay a breakup fee of $125 million to C.N.P.C. if PetroKazakhstan later accepts a higher offer.

Indian company ONGC is preparing a counterbid.


User currently offlineYu138086 From , joined Dec 1969, posts, RR:
Reply 4, posted (9 years 3 months 1 week 1 day 2 hours ago) and read 1176 times:

Good! I'd rather Canada divert its oil supply to the Chinese gorilla considering the Yanks refuse to pay back over $5 billion back in wrongful duties/ tariffs they collected over the years. (Those who follow this story will know what i'm referring to.) Politically the two are linked.

Canucks thumb their noses at Treasury Secretary John Snow after his recent visit to the Oil Sands of Alberta.. I love it!!

Now slap an "export tax" on every litre of oil destined below the 49th and make 'em pay in advance for it - That would be my next move.

Cheers


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