peaceandlove
08-18-2009, 08:40 PM
China Swaps Dollars For Oil
Three Reasons China is Positioned to be the Oil Sector’s Next Big Profit Play
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
August 18, 2009
If you’re looking for the next “Big Oil” play, bet on Beijing.
As we’ve been reporting for the past several years, China has been on a global commodities shopping spree, which includes locking up every source of oil that it can. The Red Dragon has cut deals in Africa, South America Russia and the Middle East - and won’t stop there. Even the mainstream news media is finally becoming aware of this crucial trend.
But here’s the thing. It’s not enough just to know that this is happening. In order to profit, an investor really needs to understand why it’s happening - and to invest accordingly. Investors who lack this insight may make the strategic misstep of betting heavily (or exclusively) on the Western heavyweights - Exxon Mobil Corp. (NYSE: XOM), BP PLC (NYSE ADR: BP) or Royal Dutch Shell (NYSE ADR: RDS.A, RDS.B) - while ignoring the oil sector’s real growth story, which is China.
Just this year alone:
Continues: http://www.moneymorning.com/2009/08/18/chinas-global-oil-deals/
China makes unexpected grab for Canadian miner
State-controlled Jilin Jien launches a surprise bid for Canadian Royalties, a stark change in tactics for the Asian superpower
ANDY HOFFMAN
From Tuesday's Globe and Mail
Tuesday, Aug. 11, 2009 12:00AM EDT
China's insatiable hunger for natural resources has officially turned hostile.
State-controlled Jilin Jien Nickel Industry Co. Ltd. launched a surprise $148.5-million unsolicited takeover bid for Canadian Royalties Inc. yesterday, marking one of the first times the Asian economic superpower has gone after foreign resource assets without first winning a friendly agreement with management.
China has become an active acquirer of foreign resources amid the global economic crisis, investing in copper, oil and iron ore needed to fuel its fast-growing economy. But despite massive financial resources and a mandate to diversify its $2-trillion (U.S.) in foreign exchange holdings into so-called hard assets such as commodities, most of China's resource deals have been friendly.
Continues: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/china-makes-unexpected-grab-for-canadian-miner/article1247540/
Source: http://solari.com/blog/ Catherine Austin Fitts Blog
Three Reasons China is Positioned to be the Oil Sector’s Next Big Profit Play
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
August 18, 2009
If you’re looking for the next “Big Oil” play, bet on Beijing.
As we’ve been reporting for the past several years, China has been on a global commodities shopping spree, which includes locking up every source of oil that it can. The Red Dragon has cut deals in Africa, South America Russia and the Middle East - and won’t stop there. Even the mainstream news media is finally becoming aware of this crucial trend.
But here’s the thing. It’s not enough just to know that this is happening. In order to profit, an investor really needs to understand why it’s happening - and to invest accordingly. Investors who lack this insight may make the strategic misstep of betting heavily (or exclusively) on the Western heavyweights - Exxon Mobil Corp. (NYSE: XOM), BP PLC (NYSE ADR: BP) or Royal Dutch Shell (NYSE ADR: RDS.A, RDS.B) - while ignoring the oil sector’s real growth story, which is China.
Just this year alone:
Continues: http://www.moneymorning.com/2009/08/18/chinas-global-oil-deals/
China makes unexpected grab for Canadian miner
State-controlled Jilin Jien launches a surprise bid for Canadian Royalties, a stark change in tactics for the Asian superpower
ANDY HOFFMAN
From Tuesday's Globe and Mail
Tuesday, Aug. 11, 2009 12:00AM EDT
China's insatiable hunger for natural resources has officially turned hostile.
State-controlled Jilin Jien Nickel Industry Co. Ltd. launched a surprise $148.5-million unsolicited takeover bid for Canadian Royalties Inc. yesterday, marking one of the first times the Asian economic superpower has gone after foreign resource assets without first winning a friendly agreement with management.
China has become an active acquirer of foreign resources amid the global economic crisis, investing in copper, oil and iron ore needed to fuel its fast-growing economy. But despite massive financial resources and a mandate to diversify its $2-trillion (U.S.) in foreign exchange holdings into so-called hard assets such as commodities, most of China's resource deals have been friendly.
Continues: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/china-makes-unexpected-grab-for-canadian-miner/article1247540/
Source: http://solari.com/blog/ Catherine Austin Fitts Blog