Article

2005-02-01 Caribbean-Latin America

Oil traders and companies factor in a Chävez premium

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Posted by TMH 2005-02-01 8:03:21 AM|| || Front Page|| [6 views since 2007-05-07] Top

#1 Too bad the CIA is figment of its own imagination and a legend in only the mind of numbing TV writers. We could use a very efficient politically astute operation right about now.

Posted by Jack is Back! 2005-02-01 10:51:30 AM|| 2005-02-01 10:51:30 AM|| Front Page Top

#2 Chavez is such a retard. If the US wanted him out or dead he would be. Any thought that the US would not act to protect it's interests in Central America is mooted by the Invasion of Panama. He clearly needs to get his head out of his socialist ass.

Posted by SPOD 2005-02-01 11:09:01 AM|| [http://www.slhess.com] 2005-02-01 11:09:01 AM|| Front Page Top

#3 Oil traders and companies factor in..

Where have we heard this before?

Posted by Bomb-a-rama 2005-02-01 1:23:14 PM|| 2005-02-01 1:23:14 PM|| Front Page Top

#4 The article also said that China might be re-selling Venezuelan crude. Is China not North Korea main oil supplier?
China is not only interested in oil exploration. They are also looking into telecommunications, farming, construction and "other things".

[LatelineNews: 2005-1-29] CARACAS, Venezuela - China signed energy accords with Venezuela on Saturday that aim to make the Asian economic giant a major player in the oil and gas industry of the world's No. 5 crude exporter.
The 19 cooperation agreements signed in Caracas during a visit by Chinese Vice President Zeng Qinghong included plans for multimillion-dollar Chinese investments in Venezuelan oil and gas fields. They also foresaw Chinese financing and technical support for telecommunications, mining and farming.

Venezuela ships more than half its daily oil output to the United States in a decades-old energy relationship.

But left-wing Venezuelan President Hugo Chavez, a fierce critic of Washington, has made clear he wants to diversify his country's overseas energy ties to reduce its economic dependence on the American market.

"China is a world power. ... She doesn't come here with imperialist airs, she comes here like a sister. God bless China," he told Zeng at the signing ceremony.
Despite Chavez's anti-U.S. rhetoric, many experts say the United States remains Venezuela's most natural energy market because of its proximity and its refineries geared to process Venezuelan crude.

Accumulated American investment in Venezuela's energy sector is in the billions of dollars.

MAJOR OPPORTUNITIES

Saturday's agreements, which cemented projects announced by Chavez during a December visit to China, opened up major oil and gas development opportunities in Venezuela for the China National Petroleum Corporation (CNPC).

One foresees a joint venture with local state oil firm PDVSA in Venezuela's Orinoco oil belt to convert extra-heavy crude into upgraded, lighter oil for export. The CNPC would join major U.S. and European oil companies that already have similar operations.

Under another accord, the Chinese company will exploit more than a dozen oil and gas wells at Zumano in eastern Venezuela, Venezuelan Oil Minister Rafael Ramirez said.

He told Reuters the Zumano field had estimated reserves of 400 million barrels of oil that could reach 1 billion barrels with further exploration.

CNPC already operates two Venezuelan oil fields and will now be able to extract natural gas from them as well.

Another agreement sees China participating in the building of a $250 million telecommunications network in Venezuela, Venezuelan Infrastructure Minister Ramon Carrizales said.

China would also provide credits for housing and for machinery and technical support for Venezuelan farms.

A Venezuelan proposal to build and launch a $200 million telecommunications satellite in China was also being studied.

"Relations between China and Venezuela now stretch from the sub-soil, where we have our oil and gas, to the stratosphere, where we are going to place our satellite," Chavez said.

Since he was first elected in 1998, the Venezuelan leader has made a point of increasing political and trade ties with China and has increased his verbal attacks against the United States, which he accuses of trying to topple him. Reuters http://latelinenews.com/ll/english/1347004.shtml

Posted by TMH 2005-02-01 3:26:18 PM|| 2005-02-01 3:26:18 PM|| Front Page Top

#5 I guess its a good thing those hybrid vehicles are selling as fast as they can be produced.

Posted by trailing wife 2005-02-01 4:23:20 PM|| 2005-02-01 4:23:20 PM|| Front Page Top

#6 Just like the tyrants in the Middle East, Chavez cooperation with terrorists and any country that seeks to destroy this one will not stop.
It would not make any difference to him if the US does not but his oil. This is about ideologies and victimhood.
This moron has a program Alo President (Hello President) which is broadcasted every Sunday. I remember him saying in one of them that the reason that communism, as tried in Russia, Cuba, & N Korea, did not succeed was because of the US. If the US could be brought down, the perfect system that is communism will make the world a better place.
He needs to be taken out!

Posted by TMH 2005-02-01 5:01:29 PM|| 2005-02-01 5:01:29 PM|| Front Page Top

#7 TMH oh I am sure he will.
His mouth is usually well ahead of his ass.
He has and is writing checks he can't cash with his mouth. One missle from one aircraft could end his regime.

Posted by Sock Puppet of Doom 2005-02-01 9:28:51 PM|| [http://www.slhess.com] 2005-02-01 9:28:51 PM|| Front Page Top

23:54 Mike Sylwester
23:46 Sobiesky
23:44 CrazyFool
23:44 #5
23:42 Mike Sylwester
23:32 Atomic Conspiracy
23:21 CrazyFool
23:17 3dc
23:10 Mike Sylwester
23:03 John Q. Citizen
23:02 2b
23:00 John Q. Citizen
22:54 Grunter
22:49 Alaska Paul
22:48 BH
22:44 Angie Schultz
22:29 Penguin
22:26 mhw
22:24 mhw
22:23 trailing wife
22:23 GK
22:21 Mike Sylwester
22:18 Cobra Commander
22:00 Frank G