Venezuela signs Chinese oil deal

[dipsydoodle]

Source: BBC News

President Hugo Chavez of Venezuela has signed a series of energy co-operation deals with China.

He said oil exports from Venezuela to China could rise threefold by 2012, to one million barrels a day.

Venezuela, one of the world's largest oil producers, is seeking new markets to reduce its dependency on exports to the United States.

Mr Chavez has now continued to Russia, for his third visit to Moscow within three months.

Read more: http://news.bbc.co.uk/1/hi/world/americas/7634871.stm

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Given that China is not in Latin America hopefully this won't get moved to the Latin Forum.

From 2 days ago : http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=405x8129

[VAliberal]

1. Bush "foreign policy"

is coming home to roost.

The neocon vision of hyper-power empire looks like it is complete disintegration - and it is the average American citizen who will pay the price.

[CalJen]

2. You are so right....

[aquart]

3. All we had to do was treat a national leader with respect

AND NOT TRY TO KILL HIM.

While BushCo was pursuing the Caspian Basin mirage BECAUSE WE CANNOT TAKE AND DEFEND THE CASPIAN BASIN, we lost the oil next door.

[Lydia Leftcoast]

4. Yes, countries with resources are usually willing to sell them to whomever will buy them

So now one of our nearest oil-producing neighbors is going to sell 1 million barrels a day to China.

And who can blame Chavez for doing so?