Today's Coming Crisis Movie

Sunday, December 23, 2012

China grabs Mideast oil as U.S. power dips Read more: http://www.upi.com/Business_News/Energy-Resources/2012/12/05/China-grabs-Mideast-oil-as-US-power-dips/UPI-79421354730140/#ixzz2FPBsci3I

China is muscling into Iraq's oil sector as Baghdad grapples with defections by international majors like Exxon Mobil and Chevron of the United States and France's Total.

This is part of Beijing's drive to secure oil and natural gas resources in the Middle East and Africa as U.S. influences wanes.

China's clout in Iraq, along with other parts of the Middle East, including Saudi Arabia, is bound to increase as the Americans' diminishes.

http://www.upi.com/Business_News/Energy-Resources/2012/12/05/China-grabs-Mideast-oil-as-US-power-dips/UPI-79421354730140/#ixzz2EbIu3Toh