China and India Oil Alliance - Democratic Underground

Lyle

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Fri Jan-13-06 11:14 AM
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China and India Oil Alliance

Ok folks...here is why we invaded Iraq. Why we will invade Iran. Why 9/11 deliberately happened. Read this and read between the lines....

By Richard McGregor in Beijing, Jo Johnson in New Delhi and Carola Hoyos in London
Published: January 12 2006 19:55 | Last updated: January 12 2006 19:55

China and India, the world’s two fastest growing energy consumers, on Thursday set aside long-standing rivalries and agreed to co-operate in securing crude oil resources overseas.

(snip)

In an age of growing energy insecurity “it makes sense for India and China to co-operate than compete . . . the time of access to easy oil is in the past”, said Jim Steenhagen, managing director at PFC Energy, the US consulting firm.

The agreement came as fears over a serious threat to oil supplies from Iran began to rattle the market yesterday. Prices rose above $65 a barrel on the New York Mercantile Exchange as Tehran’s nuclear ambitions threatened instability at the centre of the world’s main oil-producing region.

(more)
http://news.ft.com/cms/s/25b30866-83a4-11da-9017-0000779e2340.html

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leveymg

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Fri Jan-13-06 11:48 AM
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1. It tells me why we won't invade Iran, a big part of it

It's called the Shanghai Cooperation Organization. China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan with India and Iran as associates. http://www.pinr.com/report.php?ac=view_report&report_id=325&language_id=1

That's nearly half the world's oil and natural gas reserves, along with the two fastest growing energy consumers, and the second-largest holder of US bonds and trade partner. If we do anything to radically alienate them, like bombing Iran, we're in for a serious economic crisis.

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