Posted on 07/06/2005 10:50:06 AM PDT by hedgetrimmer
I thought "hegemon" was the nickname for that Jamaican gardener who used to trim my hedges and shrubs down in California. I guess that word has a second meaning...lol.
Nah, it's a Japanese cartoon character.
hegemony: the domination of one state over its allies
Thanks for the ping!
Totally wrong. This is the fruits of a severely regulated capital market in china. Fact is goods can flow freely between the US and China , but capital can not. That is Chevron is not free to buy a chinese oil company while the reverse is true. Further distortions come from the US consumer spending themselves into oblivion while the chinese tend to save and invest for the future. This has nothing to do with free trade of goods and services.
Correct analysis on the surface. Beneath the surface, the US is selling assets to spend today, while China is buying a future revenue stream. Guess who will be better off down the road. It will be the guys who bought a future revenue stream.
Well, I see your point, but if in fact it turns out that this is the peak of the oil market, then the Chinese might live to regret this.
If UNOCAl had any significant US oil supply, it would not be the object of a take over with crude oil at record prices.
Unless their purpose for purchasing the company is geopolitical.
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