India, China pin down $573m Syria deal

[Bhaisahab]

India and China, the most aggressive shoppers for oil and gas assets in the world, and normally archrivals in the race for overseas oilfields, have finally come together to pursue their energy security in the global arena.

China National Petroleum Corporation (CNPC) and India's Oil and Natural Gas Corporation (ONGC), the two largest oil companies in the respective countries, announced on December 20 that they had jointly won a bid to acquire 37% of Petro-Canada's stake in Syrian oilfields for US$573 million. ONGC and CNPC, both state-owned, will have equal stakes in the al-Furat oil and gas fields.

http://www.atimes.com/atimes/China_Business/GL22Cb06.html

[acmavm]

1. Hmmmm. Syrian oil and gas fields. Wonder if this could have anything

to do with all the bitching and moaning coming out of the bush** administration about the regime ruling Syria.

And now China and India have a big stake in those fields. Seems like maybe they cut the legs out from under the neocons and their dreams of domination over Syria and their oil and gas.

[Voltaire99]

5. Bingo. Uncle Slurp doesn't like it when...

...pesky regimes sell *his* oil to Chinese and Indians. The Chinese, of course, are also big customers of Venezuela.

There's a geopolitical lesson in this for Wal-Martland. While the US has got itself bogged down in Iraq--ultimately, held hostage to a self-defeating Middle East policy--the spry Chinese have been going around buying up oil for their voracious economy wherever they can get it. And then selling their products to the US, whom they're also lending the money to buy them.

That's called genius.

[kenny blankenship]

10. I think we're going to discover that those Syrian fields

are really in Iraq. Part of a long lost province--lost like a little lamb that has strayed from the fold and must be returned by some passing Crusader, who out of his innate sunny nobility, shoulders the thankless task.

[Rainscents]

2. Bush head is going to explode over this one!!!

:evilgrin: :popcorn:

[aquart]

3. While Bush played air guitar, the world went on without us.

It is beyond the ability of the neocon brain to conceive of any significant actor on the world stage but us. It's a US monolog, a one-nation show so far as they're concerned.

Their tunnel vision is destroying us.

[Mojorabbit]

4. What scares me is if we do not

invest in some forms of alternative energy and cut way back on our use of oil we are going to be at war with China in the hopefully not to near future.

[xchrom]

6. china and india investing big time in syria?

well -- isn't that interesting?

[acmavm]

7. No shit. Not only do they have our jobs, they have 'our' oil and gas too.

This would be funny if it weren't so pitiful. Just another defining moment for the bush** administration and the neogoons.

[Javaman]

8. So when do you think war will break out between China and India?

they maybe playing nice now, but as oil demand rises by both of these countries, something has got to give and someone will get greedy and piss off the other.

We don't have a war on terror, we have a consensus of stupidity.

[lagavulin]

9. I like this sentence...

"In their bid for oil security, the two countries, allege oil industry analysts, have also contributed immensely to the record high oil prices this year."

That's really just another way of saying the world has passed its "peak" in oil supply/demand...isn't it?

[hatrack]

11. Especially considering that Syria's production peaked in 1996

Talk about squabbling over the crumbs.

Potentially, reinvestment and tech improvements might - might improve matters for Syria's oil sector, but going on ten years gone, you've got to wonder. If Prudhoe couldn't reverse our 1970 production, it's hard to see how some gigantic (yet mysteriously still undiscovered field) lurks beneath Syrian soil.

http://www.peakoil.com/modules.php?name=News&file=article&sid=8435

[Straight Shooter]

12. People will kill for crumbs when they're starving.

Oil wars in the future. Water wars in the future. All because greed rules Republicans and "God will provide" rules the fundies.

[cliss]

13. In case anyone ever wondered about the

seeming insanity of the Bush administration, here lies the answer. It's about oil. Or the lack of it. Or the dwindling supply.

When Bush first TOOK office in 2000, I was scratching my head about how they were behaving. It made no sense. The drums of war started beating. Now I was totally confused.

Gradually, the fog lifted. Now I know. Future wars will be fought over resources. Oil. Water. Food. We have 6 1/2 billion people on earth. According to Stan Goff, that's about 4 1/2 billion too many.

Countries will declare war on each other if they pollute. Look at China. They're huge polluters. They might have bombs dropped on their heads if they keep it up.

[ckramer]

14. What can you say people?

US government insisted on teaching them capitalism in the past twenty years, now, you have it...finally two countries of farmers have turn into two industrial giants...

Watch out for Iraq. They will eventually keep all the oil to themselves!

We have no one to blame but ourselves!