Bill
12-17-2007, 04:23 AM
The Sauds are supposed to be our friends, see.
But they increase oil flow to who? China.
The Sauds are Sunnis. We fucked the sunnis and let the Shia kill hundreds of thousands of them, and drive them out of Baghdad.
There's a price to be paid for our cozying up to the Shia, and turning over Iraq to the shia, and Iran.
And we will be paying it for years to come.
Betcha $100 that the Shia are going to screw us out of the oil. They are laughing at the feeble americans.
Note that Sinopec is the one making the deal. You remember sinopec - they just signed big oil deals with Iran and Kuwait.
And Sinopec is talking about building TWO, count em, TWO new refineries - ON TOP OF the new Iranian refinery and the new plastics refinery deal with the Kuwaitis. One of these refineries is a special "sour" refinery, which means, for those who don't study oil, that it is absolutely freekin state of the art, designed to process the dirty oils that are characteristic of the decline side of the oil peak.
The last big refinery built in the US? That's right - 1976 - over thirty years ago. Our infrastructure is rotting away.
http://uk.reuters.com/article/oilRpt/idUKPEK13499320071217
China has agreed to boost crude imports from Saudi Arabia for 2008 to a record 720,000 barrels a day, Beijing-based trading sources close to the deal said on Monday, or 38 percent higher than the estimated 2007 level.
"It's an increase of 10 million tonnes from this year," said one of the sources. In the first 10 months of this year, China imported about 520,000 bpd of Saudi oil, official customs data showed.
Sinopec alone had asked for a 30 percent increase in its Saudi oil imports for next year, a trading source told Reuters last month.
Sinopec Corp, Asia's top refiner, is set to start a new 160,000 bpd refinery in Fujian province on the southeast coast in which state-run Saudi Aramco owns a 25 percent stake. It is the kingdom's first refinery investment in China.
The Chinese oil giant is also expected to start up a 200,000 bpd oil plant in east China's Shandong province, a refinery designed to process the high-sulphur Saudi crude, industry officials have said.
But they increase oil flow to who? China.
The Sauds are Sunnis. We fucked the sunnis and let the Shia kill hundreds of thousands of them, and drive them out of Baghdad.
There's a price to be paid for our cozying up to the Shia, and turning over Iraq to the shia, and Iran.
And we will be paying it for years to come.
Betcha $100 that the Shia are going to screw us out of the oil. They are laughing at the feeble americans.
Note that Sinopec is the one making the deal. You remember sinopec - they just signed big oil deals with Iran and Kuwait.
And Sinopec is talking about building TWO, count em, TWO new refineries - ON TOP OF the new Iranian refinery and the new plastics refinery deal with the Kuwaitis. One of these refineries is a special "sour" refinery, which means, for those who don't study oil, that it is absolutely freekin state of the art, designed to process the dirty oils that are characteristic of the decline side of the oil peak.
The last big refinery built in the US? That's right - 1976 - over thirty years ago. Our infrastructure is rotting away.
http://uk.reuters.com/article/oilRpt/idUKPEK13499320071217
China has agreed to boost crude imports from Saudi Arabia for 2008 to a record 720,000 barrels a day, Beijing-based trading sources close to the deal said on Monday, or 38 percent higher than the estimated 2007 level.
"It's an increase of 10 million tonnes from this year," said one of the sources. In the first 10 months of this year, China imported about 520,000 bpd of Saudi oil, official customs data showed.
Sinopec alone had asked for a 30 percent increase in its Saudi oil imports for next year, a trading source told Reuters last month.
Sinopec Corp, Asia's top refiner, is set to start a new 160,000 bpd refinery in Fujian province on the southeast coast in which state-run Saudi Aramco owns a 25 percent stake. It is the kingdom's first refinery investment in China.
The Chinese oil giant is also expected to start up a 200,000 bpd oil plant in east China's Shandong province, a refinery designed to process the high-sulphur Saudi crude, industry officials have said.