"In recent months, though, China’s voracious economy has brought it to Venezuela, and much of South America, in search of fuel."
How’s that for a money quote to grab your attention? It comes from an article in today’s NYT (China’s Oil Diplomacy in Latin America).
If you read it, you will recognize some of the issues. Last month, we discussed China’s Oil Grab in Russia and Venezuela. That comes on top of our May 16, 2004, discussion of Chinese Oil Demand.
Give credit to the NY Times for being the first of the majors to recognize this for what it is: a naked grab for scarce commodities:
"BOGOTÁ, Colombia, Feb. 28 – Latin America is becoming a rich destination for China in its global quest for energy, with the Chinese quickly signing accords with Venezuela, investing in largely untapped markets like Peru and exploring possibilities in Bolivia and Colombia.
China’s sights are focused mostly on Venezuela, which ships more than 60 percent of its crude oil to the United States. With the largest oil reserves outside the Middle East, and a president who says that his country needs to diversify its energy business beyond the United States, Venezuela has emerged as an obvious contender for Beijing’s attention.
The Venezuelan leader, Hugo Chávez, accompanied by a delegation of 125 officials and businessmen, and Vice President Zeng Qinghong of China signed 19 cooperation agreements in Caracas late in January. They included long-range plans for Chinese stakes in oil and gas fields, most of them now considered marginal but which could become valuable with big investments.
Mr. Chávez has been engaged in a war of words with the Bush administration since the White House gave tacit support to a 2002 coup that briefly ousted him. Still, Venezuela is a major source for American oil companies, one of four main providers of imported crude oil to the United States, inexorably linking the two countries’ interests."
And China is not stopping with just one country:
China’s Latin American Oil Manuevers
| Venezuela | Oil |
| Chile | Tin |
| Bolivia | Gas |
| Brazil | joint operations in refining, pipelines and exploration gas pipeline |
| Bolivia | Shengli International Petroleum Development earmarked $1.5 billion investment fund |
| Ecuador | China National Petroleum and Sinopec oil blocks |
| Peru | China National Petroleum oil production; Also, memorandum of understanding for more exploration deals |
| Colombia | exploration and production |
As many people blame "speculators" for the rise in oil prices, I
once again need to remind people that China accounts for 40 percent of
global growth in oil demand over the past four years (Source: NYT,
DOE). I expect their demand to triple over the next 3 decades. At
present, China consumes 5.56 million barrels per day versus the United
States 20.4 million daily barrels. Of that amout, the US imports ~12
million.
Expect this to be an ongoing story. Those pundits who blame high oil prices on "speculators" remind me of the CEOs who blame their low stock price on the "shorts:" Both groups are either fools, liars — or worse.
>
Sources:
Penobscot Princess
Morning Comment — Tuesday, February 2, 2005
subscription only electronic distribution
China’s Oil Diplomacy in Latin America
JUAN FORERO
NYT, March 1, 2005
http://www.nytimes.com/2005/03/01/business/worldbusiness/01oil.html
While I find your fundamental thesis to be sound and hence am hardly short fuels, neither am I long mercantilism.
How are these “grabs” any more than it is when Chevron signs a deal with Qatar or Angola?
Slight loophole in the Monroe Doctrine. No mention of China!
Cheveron is not an agent of the American government. Its dealmaker is the president of a multinational corporation–not the president of a state.
Two words: George Schulz. Secretary of State under Reagan, board member for Chevron.
Funny how these things work, huh?
Hamfingers: Schultz. Apologies.
In recent years, Latin America has become more and more restive under American hegemony – particularly since the Bush administration took office.
For them, playing the China card provides an opportunity to get out from under the Bush administration thumb.
We are looking for crude oil buyers in the United State of America,(USA), if interested, do please contact the sellers at the following Email addresses:
Barr, Albert Fadipe Johnson>
We are looking for buyers Bonny light crude oi,lpfo and hpfo from nigeria, buyers in the United State of America,(USA), if interested, do please contact the sellers at the following Email addresses pcumar2005@yahoo.com or 234802407136 .
We are looking for buyers of precious stone, you can contact me via riches_ezichi@yahoo.com or +2348020561537.
Regrads
Richy
I am looking for representatives in Europe and America to represent our company, if you are interested you can contact me on chemical_ng@yahoo.com or call +234-805-6620-950
Devine brotherhood.
Solution and power house.
X7 Temple-nation wide.
Nigeria
Tel- 234-80-23195970.
Dear beloved,
come let us reason together, we can make your dream’s come true, in the
middle of every problem there is always a solution it all depend on your
faith and believe.
In your tonque there lies the power of life and death,the power to
succed and fail, the power to joy and saddness, the power to rejct and
to accept, the power to gain and to loose, the power to marry or to be
married and to remain single, the power to set yourself free and to be
enslave forever, the power to say no or yes, the power to bear
children’s and to remain childless, the power to develop and to remain
the same, the power to be loved and to be hated.
In X7 Temple, it will happen to you according to your wish, what ever
you wish we will give according to your tonque,therefore if you wish to
be free,to gain favour, to be successful,to recover lost or stolen items
or money,to bear children’s,to get marry or to be married, to acquire
power,to grow in buissness,to be a winner, to be famous we will make it
real.
We can develop you spiritually to the stage where you can take care of
youself, you don’t need to be a member of the Devine brotherhood before
you get solution from us all it require is for you to wish and it will
be done within a period of 21days.
If you are sure that you don’t need anything from us please delete this
message and disregard it as we apologise for taking your time.
thanks and remain bless.
Dr, Devine master Philip
pls send in your request to philip_irabo@yahoo.com.
Croil Delta Company
91 Ilasan Housing Estate,Lekki Peninsula
Lagos Nigeia.
Sir,
LETTER OF INTRODUCTION.
Let us introduce Croil Delta Company to you as an Oil& Gas Company. With our past histrory in the Oil and gas sector as a Consultant,we bring a deversified level of expertise to the energy market.Croil Delta’s increase in stregth has result in accepting more responsibilities in 2005 from a consultancy concern to concentrating our efforts on supply of crude oil and its by products both locally and internationally has enable us to become more price conscious in today’s competitive markets.
Croil Delta Company in Collaboration with Oilfield Group Company and a strong backing from NNPC/SHELL JOINT VENTURE we are ready and willing to supply crude oil and its by products with full confirmable allocation +Proof of Product(POP) from NNPC/SHELL SCREEN in London and other authorised offices as the case maybe.
Our capability and experience translate into better,quicker response and faster completion of deals for our customers’ needs.
We would like to be your supplier for:
*CRUDE OIL, + LOADED CARGO IS AVAILABLE NOW.(BLCO) , LPFO,Russian D2, ROB on CIF/FOB.
Large or Small Croil Delta and Oil Field Group are the names to remember for Petroleum products.
NOTE: PLEASE SEE ATTACHED DRAFT CONTRACT FOR CIF(BLCO).
If accepted by your reputable company, send us buyer representative name and company name so we can address Offer + Proof of Product for your confirmation immediately.
If you have any question or would like further information, please contact us.
Email:croildelta_energy@yahoo.com,croildeltaenergy@volny.cz
for Croil Delta Company.
Lawrence Okon
(Marketing Officer)
Passport No:A1236829
Tel:234-8036172998.
Hello,
I am Mr WILLIAMS ELVIS . Am from UK. i have crude oil for sale both in land and in barrels.
so if you are intrested mail me with this id
williamselvis_01@yahoo.com
so that we can discuss more about it.
if you need pictures of the land contact me or if you love to see a sample of the crude oil mail me i have lots of barrels.
HEAD OFFICE:
43 Words Worth House,6 Wool Wich Common
London
+44 70 24074205
+447031898987
BRANCH OFFICE:
48b APAPA LAGOS- NIGERIA.
THANKS
ELVIS.
MY CLIENT IS AN ALLOTEE OF BLCO CRUDE OIL IN NIGERIA.WE HAVE BLCO IN MILLIONS OF BARREL FOR SALE CONTACT ME FOR A PROOF OF PRODUCT.
robinson4eva@yahoo.com
+234-803-6161-598
From: Mrs. Sarah Paul.
26 Kensington Court,
London, W8 5DL,
England.
Good Day,
I am Mrs. Sarah paul, an English woman who is suffering from cancerous ailment. I am married to Sir Jim paul who also is an Englishman though dead now. My husband worked with the British Railways for over two decade before the cold hand of death took
him away on the 23rd of July 2003 at about 2:00AM. Our marriage lasted for over a decade without any fruit of the womb.
My husband died after a protracted illness. My husband and I made a vow to uplift the down-trodden and the less-privileged individuals within the United Kingdom, Europe, North and South America, Africa and the rest of the globe as he had passion for persons who can not help themselves due to physical disability or financial predicament. I can adduce this to the fact that he needed a Child from this relationship, which never came.When my late husband was alive he deposited the sum of 7.45 Million Great Britain Pounds Sterling with an
offshore Bank in UK. Presently, this money is still with the Bank.
Recently, my Doctor told me that I have a limited or numbered days on earth and that my life span will not exceed 150days due to the cancerous problems I am suffering from. Though what bothers me most is the stroke that I have in addition to the cancer.With this hard reality that has befallen my family, and me I have decided to donate this fund to a non-governmental, or a non religious, and or a non profit organization or better still an individual, that will utilize this money the way I am going to instruct here in.
I want a non governmental, or a non religious, and or a non profit organization or better still an individual, that will use this gift which comes from my husbands sweat to fund the upkeep of widows, widowers, orphans, destitute, the down-trodden, physically challenged children, barren-women and persons who prove to be genuinely handicapped financially. It is often said that blessed is the hand that giveth. I took this decision because I do not have any child that will inherit this money and my husband relatives are bourgeois and very wealthy persons and I do not want my husband’s hard earned money to be misused or invested into ill perceived ventures. I do not want a situation where this money will be used in an ungodly manner, hence the reason for taking this bold decision.
I am not afraid of death hence I know where I am going. I know that I am going to be with the Almighty when I eventually pass on. The Almighty will fight my case and I shall hold my peace. I do not need any telephone communication in this due to my deteriorating health.
Mrs. Sarah paul
Benefactor
ms.serap@yahoo.co.uk
I am representing a reputable oil company who are shippers of crude oil and D2. I am looking for genuine buyers of crude oil notably BLCO.
Buyers should forward their email contact, fax and further details for me to send seller draft SPA etc.I do not want scam please but genuine buyers.
Thanks
my buyers do not seek time wasters.presently i have two buyer.if you really have serious seller whose nnpc allocation number,export license number and authority number can be verified from nnpc london shell screen lynolds then dont hesitate to contact me for my buyer’s procedure
I AM BARRISTER GANI FAWEHINMI,
I AM THE PERSONAL ASSISTANT AND SECRETARY TO THE KINGSHIP OF THE PALACE OF A TOWN IN ONE OF THE LEADING OIL EXTRACTION AREAS IN NIGERIA.
IN ACCORDANCE TO CONSTITUTION AND CONDITIONS BETWEEN THE GOVERNMENT AND THE OIL EXTRACTORS (SHELL PETROLEUM,ELF OIL, TOTAL AND OTHER ALLIED )COMPANIES. THE CHIEF AND HIS CABINET ARE ENTITTLED TO CERTAIN ALLOCATION PER ANNIUM OF THE EXTRACTED OIL. BASED ON THIS THE LIMITED RESERVE WHERE IT IS BEIN STORED IS FILLED TO THE BRIM WHILST THE ALLOCATION FOR THE YEAR ENDING 2006 IS DUE FOR SUPPLY.
IT IS BASED ON THIS THAT THE CHIEF HAS MANDATED ME TO SEARCH AS QUICK AS POSSIBLE AN INTERESTED BUYER WHO CAN BUY THE AVAILABLE QUANTITY IN ORDER TO GIVE ROOM FOR MORE INTAKES TO THE RESERVE. I HEREFORE SEEK THE APPLICATION OF ANY INTERESTED BUYER FOR MORE DETAILS. THE BUYER SHALL VISIT THE RESERVE FOR INSPECTION.
WAITING FOR YOUR GOOD RESPONSES.
THANKS,
BARRISTER GANI FAWEHINMI Esq.
CONTACT ME VIA E-MAIL:
barrister_ganifawehinmi02@yahoo.com
Croil Delta Company
91 Ilasan Housing Estate,Lekki Peninsula
Lagos Nigeia.
Sir,
LETTER OF INTRODUCTION.
Let us introduce Croil Delta Company to you as an Oil& Gas Company. With our past histrory in the Oil and gas sector as a Consultant,we bring a deversified level of expertise to the energy market.Croil Delta’s increase in stregth has result in accepting more responsibilities in 2005 from a consultancy concern to concentrating our efforts on supply of crude oil and its by products both locally and internationally has enable us to become more price conscious in today’s competitive markets.
Croil Delta Company in Collaboration with Oilfield Group Company and a strong backing from NNPC/SHELL JOINT VENTURE we are ready and willing to supply crude oil and its by products with full confirmable allocation +Proof of Product(POP) from NNPC/SHELL SCREEN in London and other authorised offices as the case maybe.
Our capability and experience translate into better,quicker response and faster completion of deals for our customers’ needs.
We would like to be your supplier for:
*CRUDE OIL, + LOADED CARGO IS AVAILABLE NOW.(BLCO) , LPFO,Russian D2, ROB on CIF/FOB.
Large or Small Croil Delta and Oil Field Group are the names to remember for Petroleum products.
NOTE: PLEASE SEE ATTACHED DRAFT CONTRACT FOR CIF(BLCO).
If accepted by your reputable company, send us buyer representative name and company name so we can address Offer + Proof of Product for your confirmation immediately.
If you have any question or would like further information, please contact us.
Email:kencom24@gmail.com or danmatcl1980@yahoo.com
for Croil Delta Company.
Lawrence Okon
(Marketing Officer)
Passport No:A1236829
Tel:234-8038531813.
We are looking for crude oil buyers worldwide at the Rivers States crude oil,lpfo and hpfo in West Africa (Nigeria), buyers from overseas and worldwide including nigeria,do not hesitate to contact me as the legitimate seller at the following Email addresse below: bestbuy2000@uymail.com or 2348039788889 .
We are looking for crude oil buyers worldwide at the Rivers States crude oil,lpfo and hpfo in West Africa (Nigeria), buyers from overseas and worldwide including nigeria,do not hesitate to contact me as the legitimate seller at the following Email addresse below: bestbuy2000@uymail.com or 2348039788889 .
VACANCY EXIST AT ASHAKA OIL COMPANY NIGERIA
WITH AN EYE IN BEING ONE OF THE BEST.
APPLICANT MUST BE A WHITE MAN OR WOMAN FROM THE FOREIGN COUNTRY [FOR INTERNATIONAL LINK PURPOSE]
SALARY VERY ATTRACTIVE,WE SEEK TO RECRUIT THE FOLLOWING
1, MANAGING DIRECTOR/CEO
CANDIDATE MUST
POSSES A BSC,MBA
A CHATERED STOCK BROKER
MUST HAVE AT LEAST TEN YEARS CONGNATE EXPERIENCE
d.BE AT ABOVE 40 YEARS OF AGE
2,GENERAL MANAGERC.O.O
CANDIDATE MUST
Posses a bsc
Be a chatered stock broker
8 years congnate experience
Be above 38 years of age
3.Engineeroperation Petroleum Engineering
Posses a relevant qualification
Bsc
d,Have 7 years congnate experience in science and technology
above 39 years of age
must be a computer literate
ANY INTERESTED APPLICANT SHOULD FILL THE BELOW FORM FOR MORE ENQUIRES
1. Full name
2. Contact Address
3. Age
4. Telephone Number
5. Marital Status
6. Sex
7. Occupation
8.State
9.Country
CONTACT INFORMATION.agent_ashaka_oil@yahoo.ca