Couple this with Universal health Care, the weight of the Stimulus and Cap & Trade.....you too can become a Third World Nation overnight!
The Chinese Oil Grab - Forbes.com:
The Chinese government is in a massive resource grab in Africa, which has huge ramifications for natural resource prices, not the least of which will be the cost of imported oil to the U.S., and ultimately the stock market and economy.
Beijing's latest foray is trying to buy 6 billion barrels of oil that is already spoken for via leases to Exxon, Chevron ( CVX - news - people ), Royal Dutch Shell ( RDSA - news - people ), and Total SA. The Nigerian National Petroleum Corp. presently leases 16 oil blocks on what remains of the oil industry's dominant Seven Sisters."
Monday, October 05, 2009
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