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Buyers like China are bypassing commodities markets altogether and going right to the source ...Read the full article
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Rudy Krueger from High River, Canada writes: Why is this news-worthy? China and its oil companies (and its.... everything else.... ) are one and the same. So when they go to the sources it is really the same as any oil company in practice but the national ownership gives it a different spin ... sort of. Whenever the US and UK do this it is by invasion, "to protect our interests in the region." as is often said by various presidents and prime ministers.
China buys "blood oil" from tinpot dictators. The west sets up tinpot dictators who are friendly to their aims and then conducts what sort of appears to be legitimate private enterprise in that region.
I do not object to any of it but I certainly hate being one of "the people" that are assumed to be so stupid and uninformed that I am expected not to notice such things.
I wonder what Obama will come up with as a cover story when reality forces him (as President) to do the hegemony-hop like all his forebearers.- Posted 29/08/08 at 1:28 PM EST | Alert an Editor | Link to Comment
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