Given what is now happening in Colombia there is an excellent chance Bush will try and stop the proposed pipeline and future Colombian oil port through which China might receive Venezuelan oil that would have gone to the United States. #msg-3583684
I will speculate that as Bush has tried to control all of the world’s oil in order to bring China to its knees, the dragon, who in defense has become increasingly aggressive in answer to Bush’s agenda, might attempt to secure oil not only for itself but also go after control of all oil in the manner of Washington’s idiotic agenda. The Chinese are not letting up and Bush is no match for them. Simply put, do unto others or the worm has turned #msg-4927344
-Am
Venezuela expands oil access for China
Associated Press Published December 26, 2004
BEIJING -- Venezuelan President Hugo Chavez, seeking to reduce his nation's dependence on selling oil to the United States, says China will have greater access to his country's oil and natural gas resources.
Chavez, on a five-day visit, said Friday that he signed new agreements that would allow Chinese companies to explore for oil, set up refineries and produce natural gas in the South American country.
In return, China is promising Venezuela economic and technical aid to boost agricultural output and to start a state-run telecommunications company.
Venezuela, the world's fifth-largest petroleum exporter and a main supplier to the U.S., also is offering to supply China with 120,000 barrels of fuel oil a month, Chavez told Venezuelan state-run radio.
China is eager to secure new sources of energy for its booming economy, which is struggling with power shortages. Venezuela wants to find additional customers to reduce reliance on its No. 1 market, the United States.
The Bush administration has been a steady critic of Chavez, who has been president for nearly six years and survived a brief coup in 2002.
"We have been producing and exporting oil for more than 100 years, but they have been years of dependence on the United States," Chavez said at a meeting of Venezuelan and Chinese entrepreneurs. "Now we are free and we make our resources available to the great country of China."
Venezuela sells 60 percent of its crude oil exports to the United States. The deals with China will not mean any reductions of those exports in the short term.
Chavez's visit to Beijing is part of a campaign to build up trade and political ties with new diplomatic partners that has taken him to Russia, Africa and the Middle East.
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