Venezuela oil company opens China office

[NNN0LHI]

http://newsobserver.com/24hour/business/story/2653527p-11158502c.html

CARACAS, Venezuela (AP) - Venezuela's oil company opened an office in China, a client that is becoming increasingly important to this oil-rich country, the state news agency reported Monday.

Oil Minister Rafael Ramirez, who is visiting China, told the Bolivarian News Agency the new office in Beijing would serve as a "bastion for forging relations with new strategic partners."

Venezuelan President Hugo Chavez has promoted a closer relationship with China, India and other Asian countries in an effort to secure new markets for oil aside from its current No. 1 buyer, the United States.

Chavez has clashed repeatedly with U.S. officials, saying U.S. "imperialism" is a threat to the world and new ways need to be found to move toward socialism and help the poor.

[jaxx]

1. Pat Robertson seems a little pissed at Chavez........

http://mediamatters.org/items/200508220006

[BiggJawn]

7. Yeah....Did Pat trade his diamond mines for Oil?

What does PNAC say about South America?

[murray hill farm]

2. and China is restricting and limiting...

companies and businesses and imports from the USA...and every day..at least where i live in Brunswick...another gas station becomes a CITGO station...until there are almost only CITGO stations in Brunswick...sooooooooooooooo....gotta love that Chavez! Such a smart fellow...wish he were our pres.

[NorCalDem]

3. It's so hard to support the guy

when he's hurting the US economy. However, I love Chavez, and he's helping HIS country, which is all that we should ask from our leaders. Unfortunately, OUR leaders only help themselves instead of the people!

[not systems]

4. How is he "hurting the US economy"?

Selling us oil at the market rate?

Something else?

[Kolesar]

5. China has been devouring the resources of South America

Their economies have been doing well with the sales of raw materials .

[Oerdin]

8. China & India's growth

Has driven up raw materials prices world wide. Most of the increase in crud oil prices, cement prices, steel prices, and just about everything else you can think of is due to economic growth in those two countries.

[SpiralHawk]

6. THE HANDWRITING IS ON THE WALL

Not on the pages of My Pet Goat