On 12 November 2010 01:38, rajendra kakodkar <[email protected]> wrote:
> It is lerarnt that $ 44 tn worth Venezuelan crude oil, which earstwhile was > shipped to the US, is now contracted to be exported to China on long-term > basis. China which had defeated the US in a major oil negitiations in > Afghanistan last year, is now poaching right under the US nose. Result: the > West would be starved for oil leading to another price spiral in oil riding > the liquidity created by $ 600 bn quantitative easing. Chinese stratgy: > Divert a portion of the money printed by the US (to stimulate productive > economic activities like manufacturing, which create employment) to oil > speculation. This could be a counter offensive blow from China in reply to > Obama's campaign against trade imbalance created by undervalued Yuan. Bitain > has already deserted Obama on the Keynesian path and has embraced austirity. > > Rajendra > COMMENT: USA is not dependant as much as Europe is, on the importation of oil. Further USA has so much gas that prices have collapsed. Only a matter of time when transport will start running on Gas instead of petrol. -- DEV BOREM KORUM Gabe Menezes. _/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/ _/ _/ tambdimati: the Goa review is a community blog of original _/ art, writing, music, news and commentary from and about the _/ smallest state in the subcontinent. check out the newest _/ member of the Goanet family daily at _/ http://www.tambdimati.com. _/ _/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/
