The increasing oil trade between China and Iran make me think that an American led invasion in Iran is unlikely -at this time- UNLESS a civil war in the region cause a HUGE amount of instability.
Bush’s master plan for world domination is contingent upon controlling the supply and transit of the world’s oil especially to China who is considered the number one threat to U.S. hegemony. If China can sustain its development by relying mainly on its domestically produced oil and natural gas for a long time to come and the new CNPC Yuganskneftegaz deal comes to fruition this will put the brakes on Bush’s master plan for global dominance.
The ‘Grand Game’ just got a lot more interesting and Bush will be forced to rethink the very basis of his strategy.
In a world that runs on oil, the nation that controls the flow of oil has great strategic power. U.S. policy-makers want leverage over the economies of competitors -- Western Europe, Japan and China -- that are more dependent on Middle Eastern oil. #msg-4798276
The U.S. is not interested in Caspian oil to supply its own internal industry. The U.S. is grabbing for CONTROL of the Caspian oil fields because other countries need this oil--and because the U.S. wants to CONTROL them. Other imperialist rivals--including Germany and Japan--are "energy poor" and need access to oilfields outside their borders. Most Third World countries are heavily dependent on imported oil. #msg-3775550
-Am
China finds new oil reserves
BEIJING, Dec. 23 (UPI) -- China says its Bohai Bay Basin in the north may contain 20.5 billion tons of offshore oil reserves.
The official China Daily newspaper said Thursday some 9 billion tons of oil have already been confirmed in the basin. The remaining 11.5 billion tons need to be further explored to be confirmed, it said.
The find indicates that total oil resources in place in the basin -- one of China's major oil-producing centers -- could potentially sustain the country's energy needs for a long time, Jin Zhijun with the China Petroleum and Chemical Corp., told China Daily.
Jin said that for a long time to come, China could mainly rely on its domestically produced oil and natural gas to sustain its development. The East China Sea, South China Sea and Yellow Sea may all have rich oil resources and China's western land areas also had large potential for untapped oil resources, he said.
The Tarim Basin of Northwest China's Xinjiang Uygur Autonomous Region, for example, may contain over 20 billion tons of oil resources, Jin said.
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