Posted on 05/10/2005 2:46:44 AM PDT by Dr. Marten
BEIJING, May 10 Asia Pulse - China National Offshore Oil Corporation Ltd (CNOOC), the nation's third largest oil producer, is mulling over a counter-offer to trump Chevron-Texaco's US$16 billion bid for US company Unocal Corp, a report said yesterday.
CNOOC will use their May 23-24 board meeting as a forum to discuss the possibility of swiping Unocal, the US' ninth largest oil company, from Chevron-Texaco, the Financial Times reported, citing unidentified sources. CNOOC yesterday refused to comment on the report.
/colonies
True Unocal has large oil plays in Chinas Backyard: THe south china sea.
The Chinese bought one in Canada a few months ago.
China could trump the mid-east as the new oil monster.
China-Russia are creating an oil axis with Venezuala and others in Africa.
Trying to create leverage against Uncle Sam.
But that isn't the problem. The problem is...what does it consume when it gets hungry again?
Great move, free traitors! You've made China what it is today.
"Great move, free traitors! You've made China what it is today."
China is benefiting from a global trading system that has long existed since the days of Christopher Columbus. The UK had tried to increase trade into China during the 1800's by opening up ports cities along the coast. The US tried to fight off communism in the early 1900's so that Western corporations can continuing operating in China.
Then, in 1949, the Communist kicked out all Western influences (corporations and religious affiliations) and put up barriers (commonly known as the bamboo curtain).
China's recent success (last 25 years) has more to do with them dropping barriers and allowing the world's businesses and religious organizations to freely RE-enter the country (and I want to emphasize the "RE" in RE-enter) than any deliberate attempts by "free traitors" to build up China.
Um-hmm. And corporations, slavering after cheap labor and the elusive possibility of gaining access to the Chinese markets, export jobs, capital, and technology to China. So of course China wins. And we lose.
Is China clever? Absolutely! They're letting the free traitors deliver the world to them on a silver platter.
"They're letting the free traitors deliver the world to them on a silver platter."
Yes, in a way, you are right.
But, I want to emphasize that ANY country can do what China is doing because of the competitive business environment in the developed nations. Corporations and businesses are always looking for opportunities globally. Whether to undercut a competitor to survive or to build market opportunities.
Lets take India for example. They became independent in 1948 and are officially a democracy and a capitalistic society. However, China (a one party rule and officially a communistic society) easily attracts more investments. Why?
Western and Japanese corporations have long operated in India. But China has impacted the global economy far more than India. I've seen many explanations for why this is on this message board from "China is seeking global domination" to "Indians are peace loving people".
Whatever your views about either country, the reality is that China does not resist global trade the way so many (and mean many) 3rd world or developing countries resist trade. There are over 50,000 hindu sects that want to resist the Western influences in their country. And within India are beauracracies are detrimental to free trade.
And despite their successes, China is still a long from a free flowing economy the way the US is. So, whatever China's impact is today, will be more prevalent 10-15 years from now.
Individual countries are ultimately responsible for barriers, be it the level of cooperation between government and business, removing beauracratic barriers, the funneling of money into infrastructure rather than personal accounts, training their people in technology and finances, etc.
In the end, China is doing what is right by them (as any responsible country would), which they should not be faulted for. And global traders do not favor China any more than had it been India, Brazil, Indonesia, Russia, Mexico or any other large developing nation.
.....China could trump the mid-east as the new oil monster...
I would argue this statement indicates complete misunderstanding of the world and China in particular.
China is an oil consumer and consumption is growing at a rate they can barely contain. The Mid east is an oil supplier, not an oil consumer.
China has zillions of US$ and nothing to do with them. Investment of the $$$ in US oil stocks is a way to attempt a solution of both problems. It is not a guranteed solution, especially if they make poor choices.
Lastly recall in the 80's when the Japanese had a similar problem they ceme to America and bought all the real estate that wasn't nailed down. Things changed and they were forced to sell at extreme losses. We had our cake and ate it too. It may be deja vu all over again but China will end up holding the bag.
They are faulted for using that money not for the well being of its people but instead threatening Taiwan and Japan and us. Despite such OBVIOUS threats the Free Traitors just cannot resist cheap slave labor.
Check this out. Absolutely hysterical. neutrino has his panties in a wad because no one bothered to limit China's oil imports through the time-proven method of import tariffs.
We're buying into their oil companies and proposed refinery projects. Stopping globalization is impossible. The only debate is whether it matters.
How much oil do they use every day? How much does the US use every day? Wake me up when they reach our level.
China is one of many places where cheap labor exists. However, the complaints only seem to be directed towards China.
They are faulted for using that money not for the well being of its people but instead threatening Taiwan and Japan and us.
Threatening other countries, they have done. These are not elected officials we are talking about. But to suggest that all their resources, or most, is directed towards threatening other countries couldn't be further from the truth (I'm assuming you are suggesting that all their resources are being funneled into the military).
The level of housing construction as measured in square footage far exceeds that even of the US (though, the quality is not up to par). China is said to be a virtual construction site, as they build roads, power stations, commercial centers, housing, etc. to lift the standard of living of their own people. Everyone I've talked to who have visited China multiple times, always say that they see a different China upon each return, one that has more buildings, roads, etc. than the last visit.
Building more roads and houses does not mean they care for the well being of their people. People are still imprisoned and even executed for wanting freedom. More recently real crimes like rape are going unpunished there, enough that rapists actually cimmited such crimes in plain view of the public at large.
Is this the sort of civil discourse you learned in law school? It appears that standards have declined badly.
My goal is simple - retain jobs, capital, and technology for Americans. Clearly, you find that objectionable.
I agree... Stuff like this might restrain them a little and give them a little more stake in the US economy. Given the power they already have over us, it's not such a bad idea.
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