Sokrates
17 Oct 2009
News / WHY DOES POLAND BUY GAS FROM RUSSIA? [105]
Check GDP levels.
Its not going to touch them though, especially not for fossils.
Thats one reason but you have to realise these guys have the most spongy economy out there, the resource consumption is probably the highest and definitely the least efficient, i'm going to have to research that but off the bat i'm pretty sure with their rate of development only a fraction of thse funds is freed up for potential purchases.
If push comes to shove US can just declare bankruptcy and China will do what? Of course this would ruin worldwide economy but if we assume US is bankrupt and its getting there pretty fast the US gov might just not care anymore.
That proves they want to supply China not that they want to shift markets.
With USA approval naturally, which drives point home, USA is the sole controller of Iraq and its resources, this might have been payday for leniency in case of Iran or trying to give Russia carrot enough that it doesnt act when US/Israel nuke Iraq, the point is its not an independent move but a US approved action.
I might disagree with you here.
Check GDP levels.
China 6th largest holder of Gold
Its not going to touch them though, especially not for fossils.
I wouldn't underestimate the Chinese financial picture. The government keeps a great percentage of the inflows of cash in their coffers, regardless of who makes what.
Thats one reason but you have to realise these guys have the most spongy economy out there, the resource consumption is probably the highest and definitely the least efficient, i'm going to have to research that but off the bat i'm pretty sure with their rate of development only a fraction of thse funds is freed up for potential purchases.
Maybe not dollar for dollar, but I am sure they will play hardball (financial or otherwise) if push comes to shove.
If push comes to shove US can just declare bankruptcy and China will do what? Of course this would ruin worldwide economy but if we assume US is bankrupt and its getting there pretty fast the US gov might just not care anymore.
oil pipeline linking Russia’s far east with northeast China is set to start operations late next year, state media reports. Construction of the pipeline, slated to run from Skovorodino to Daqing and is projected to carry 15 million tonnes of crude oil annually between 2011 and 2030. - China Business News 2009
That proves they want to supply China not that they want to shift markets.
October 13th 2009 - Lukoil ( Russia ) agree terms to start drilling in West Qurna-1 ( proven crude oil reserves of 8.6 billion barrels ).
With USA approval naturally, which drives point home, USA is the sole controller of Iraq and its resources, this might have been payday for leniency in case of Iran or trying to give Russia carrot enough that it doesnt act when US/Israel nuke Iraq, the point is its not an independent move but a US approved action.