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Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,

 
Paladin
07/05/2005 07:25 PM
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Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
Monday, October 29, 2001, updated at 22:23(GMT+8)
Business



Dr. Henry Kissinger Invited to Join CNOOC LTD International Advisory Board
The China National Offshore Oil Corporation Ltd., announced Monday the establishment of its International Advisory Board.

Former US Secretary of State Dr. Henry Kissinger is one of the five world-class members of the board. The other four members consist of Mr. Simon Murray, former Managing Director of Hutchison Whampoa; Prof. Edward Steinfeld, a political economist at the Massachusetts Institute of Technology; Dr. Erwin Schurtenberger, former Ambassador of Switzerland to China and Prof. Kenneth S. Courtis, vice-chairman of Goldman Sachs Asia.

The mission of the board is to provide the management with strategic advice on world events and macro issues that may impact the development of CNOOC Ltd.

[link to english1.people.com.cn]
Paladin
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
Rumsfeld provokes China, CNOOC eyes Unocal, Kissinger checks balance sheet

By Larry Chin

© Copyright 2005, From The Wilderness Publications, www.fromthewilderness.com. All Rights Reserved. May be reprinted, distributed or posted on an Internet web site for non-profit purposes only.

More evidence of emerging Cold War between the US and China has exploded this week, as Donald Rumsfeld issued new threats towards China regarding its expanding military. The Chinese have responded with predictable fury (See "Rumsfeld and US irrationalism".) Federal Reserve chairman Alan Greenspan entered the fray, alluding to East-West financial warfare involving the outflow of foreign investments and harm to the dollar, and repeating the Wall Street mantra that China must float its currency.

Meanwhile, the Sino-US race for oil ("China´s Global Hunt for Oil") continues to ramp up, as China National Offshore Oil Corporation (CNOOC) is positioning for bid for Unocal. (Latest update here.)

It may seem ironic that Chinese oil interests are poised to acquire the company that was (along with the myriad other machinations over Central Asian oil and gas pipelines) central to the buildup to 9/11, the ensuing "war on terrorism", and the invasions of Afghanistan and Iraq. (Unocal´s role is exhaustively detailed in Ahmed Rashid´s Taliban, Forbidden Truth by Jean-Charles Brisard and Guillaume Dasquie, and summarized in "Unocal and the Afghanistan pipeline".)

But maybe it is not so ironic.

Henry Kissinger, a former Unocal consultant deeply involved in the pre-9/11 pipeline consortium, sits on CNOOC´s international board, which he joined in October 2001. Essentially, Kissinger has been on both sides of the oil deal for years, from CentGas/Central Asia to whatever comes of CNOOC´s play for Unocal.

While the flames of world war burn, true inner circle elites like Kissinger play all sides, up and down, profiting all along the way.



[link to www.fromthewilderness.com]
Trac
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
If China wants to buy American companies, than China needs to allow American companies to buy Chinese companies. As it is, we can´t. We must retain minority shareholder status, so fuck these people.
Paladin
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
New hurdle for China´s Unocal bid

The vote could pour hot water on CNOOC´s bid
The US House of Representatives has voted to block the Bush administration from backing a Chinese takeover attempt for US oil firm Unocal.
The Republican-led house voted against any backing for the $18.5bn (£10bn) bid put forward by China´s CNOOC oil firm.

But the move needs approval from the Senate, which has not considered such a proposal.

CNOOC´s bid trumps a $16.3bn cash and share offer tabled by fellow US oil group Chevron.

US opposition

On Thursday the US government gave the go-ahead to Chevron´s takeover of its US rival, the ninth biggest oil firm in the US.

The approval turned up the heat on CNOOC´s offer, leaving the group just six weeks to persuade Unocal to take up its cash offer.

US politicians have opposed CNOOC´s bid on national security grounds.

The concerns centre on both America´s $160bn trade deficit with China, whose economy is surging ahead, and Beijing´s emerging political and military power.

News of the vote followed a trading update from Unocal.

The oil and gas producer said it expected its profits to meet, if not exceed, even the most optimistic forecasts thanks to the recent surge in oil prices to record highs.


[link to news.bbc.co.uk]
Paladin
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
China Tells Congress To Back Off Businesses
Tensions Heightened by Bid to Purchase Unocal

By Peter S. Goodman
Washington Post Foreign Service
Tuesday, July 5, 2005; Page A01

SHANGHAI, July 4 -- The Chinese government on Monday sharply criticized the United States for threatening to erect barriers aimed at preventing the attempted takeover of the American oil company Unocal Corp. by one of China´s three largest energy firms, CNOOC Ltd.

Four days after the House of Representatives overwhelmingly approved a resolution urging the Bush administration to block the proposed transaction as a threat to national security, China´s Foreign Ministry excoriated Congress for injecting politics into what it characterized as a standard business matter.


Background
Chinese Firm Gives U.S. Details of Bid To Buy Unocal
Many Oil Experts Unconcerned Over China Unocal Bid
Unocal Bid Shows China Needs Oil For Growth
CNOOC Requests U.S. Security Scrutiny
China´s Oil Bid Riles Congress
Chinese Oil Producer Makes Bid For Unocal


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"We demand that the U.S. Congress correct its mistaken ways of politicizing economic and trade issues and stop interfering in the normal commercial exchanges between enterprises of the two countries," the Foreign Ministry said in a written statement. "CNOOC´s bid to take over the U.S. Unocal company is a normal commercial activity between enterprises and should not fall victim to political interference. The development of economic and trade cooperation between China and the United States conforms to the interests of both sides."

Those words, the latest rhetorical volley in an escalating trade battle, officially elevated the takeover battle for Unocal into a bilateral issue involving Washington and Beijing, raising the stakes of the outcome.

CNOOC´s bid comes as China´s emerging force in the global economy continues to sow international tensions over competition for natural resources, impacts on the environment, trade balances and security relationships. The deal would be the latest in a string of Chinese purchases of foreign companies as Beijing encourages domestic firms to seek new markets abroad and secure raw materials for China´s aggressive industrialization. The Chinese government has urged energy companies in particular to buy foreign oil fields as China´s consumption soars, deepening worries about the country´s access to supplies.

Already, CNOOC´s bid has taken China across a new threshold: It has unleashed the first takeover battle between a Chinese company and a U.S. firm, the oil giant Chevron Corp., which has its own deal to buy Unocal, for $16.5 billion. If completed, CNOOC´s purchase -- its bid is for $18.5 billion -- would be the largest foreign takeover ever made by a Chinese firm.

But as the price of oil continues to soar, underscoring the finite supply of global stocks, some members of Congress portray China´s appetite for energy as a threat to U.S. interests. They are painting CNOOC´s effort to buy Unocal as an attempt to siphon off oil that would otherwise land in the United States, a proposition that analysts call dubious because most of Unocal´s outstanding contracts supply customers in Asia.

As the House adopted its resolution Thursday by a 398 to 15 vote, some noted that CNOOC remains under the majority control of the Communist Party-led state, suggesting that this alone made the deal a threat.

"We cannot, in my opinion, afford to have a major U.S. energy supplier controlled by the Communist Chinese," said Rep. William J. Jefferson, a Louisiana Democrat. Monday´s reply from Beijing reinforced what CNOOC has said from the beginning -- that the deal is nothing more than an attempt to expand its business opportunities and invest capital sensibly.

Long before CNOOC emerged with its unsolicited offer for Unocal, the United States-China relationship was already highly complex. There has been friction in recent months over China´s roughly $160 billion trade surplus with the United States and surges this year in Chinese-made textiles reaching U.S. shores. Some U.S. trade groups accuse China of manipulating its currency, the yuan, to keep it artificially low, making Chinese goods unfairly cheap on world markets. The Bush administration has pressured China to allow its currency to float freely. China argues that it is being made a scapegoat for the decline of U.S. manufacturing.

Tensions also have grown over North Korea´s pursuit of nuclear weapons. In Washington, some suggest that China is not doing enough to pressure North Korea, its longtime ally, to return to stalled talks, while propping up the regime in Pyongyang with food and fuel. Chinese officials have criticized the United States for demonizing North Korea and undermining the possibility of progress.

Taiwan is always a hot button. China claims the self-governing island as part of its territory and threatens to reclaim it by force if Taiwan´s government moves toward declaring its independence. The United States is nominally pledged to come to Taiwan´s aid in event of war.

The battle over Unocal has injected yet another factor into this already volatile relationship ahead of a planned visit to Washington by Chinese President Hu Jintao this fall.

But analysts say the issue has thus far produced little that could alter the relationship between the two governments, because Beijing has grown sophisticated at distinguishing between rhetoric from Capitol Hill -- where Thursday´s resolution was nonbinding -- and policy from the White House, which has said little on the subject.

But whatever comes of the Unocal battle, tensions over Chinese investment are probably only beginning. Just as a rising Japan in the 1980s snapped up high-profile assets in the United States and provoked widespread American unease, China´s expanding horizons are having a similar effect.

Moreover, key differences between Japan of that era and current-day China could make this go-round more combustible: Japan was a U.S. military ally and part of the same ideological bloc, whereas China is viewed by many in Washington as an adversary.

But the simplest reason for tension may be the amount of cash at China´s disposal: As investment pours in and China´s central bank buys dollars to maintain the value of its currency, the country has amassed $650 billion in foreign exchange reserves. China has plowed much of that money into U.S. Treasury bonds.

But the quest for Unocal and other foreign companies is being construed by some as a sign of diversification.

"We invest too much in U.S. federal bonds, and they don´t make us much money," said Pan Rui, a professor at the Center for American Studies at Fudan University in Shanghai. "Now we´re learning to invest more wisely, to try to invest in American companies and industries."





[link to www.washingtonpost.com]
Anonymous Coward
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
china already owns our asses, why should they have to buy anything?
Paladin
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
China plays the trump card...


We invest too much in U.S. federal bonds, and they don´t make us much money.......horn
Anonymous Coward
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
Surprise surprise.
Yada Yoda
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
Henry Kissinger, another poor old bastard.

Got bullied at school, emotionally overwhelmed, suffered from compensational behavior, went into politics to get his share, set the policy that indirectly killed 3 million Cambodians.

It is THAT simple.

Watch or read "The Trials of Henry Kissinger".
Anonymous Coward
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
The dirty rat bastard.
Anonymous Coward
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
The Bushes are also heavily invested in China.

Independent Media TV
Under Reported
January 28, 2005

Jeb, Marvin & Neil - 3 Profiteering Bush Brothers
By: Evelyn Pringle
Independent Media TV

--------------------------------------------------------------------------------

Its time to take a closer look at First Brothers, Jeb, Neil, and Marvin Bush, and see how much they stand to benefit from W´s presidency and his perpetual war on the world.
First, there´s brother Marvin. He´s the quietest member of the Bush clan. Marvin is co-founder and partner in Winston Partners, a private investment firm. In turn, Winston Partners is part of a larger firm called the Chatterjee Group.

Here´s where it gets complicated. Marvin is obviously the family member with a sound criminal mind. He has managed to bury almost all the evidence of his profiteering profits inside a host of corporations and entities, with many being located offshore. Its not easy to track the money through such a tangled web. But it can be done.

SEC filings show that the Chatterjee Group consists of Winston Partners, LP; Chatterjee Fund Management, LP; Winston Partners II LDC, a Cayman Islands-based company; Winston Partners II LLC; Chatterjee Advisors LLC; Chatterjee Management Company; Mr. Chatterjee himself; and Furxedown Trading Limited, a company organized under the laws of the Isle of Man. The address for Winston Partners II LDC is in the Netherlands Antilles. The other subsidiaries were organized in Delaware

Marvin is not the only family member plugged into the group. Brother Jeb is also an investor in the Winston Capital Fund, which happens to be managed by Marvin´s firm.

Profits From Iraq

Following the tangled web of Winston this and Winston that, is difficult in itself, but tracing the links to Iraq is even more difficult. A good place to start is with a company known as Nour USA. According to the Sept 30, 2003, issue of Mother Jones, an $80 million Iraq contract was awarded to Nour, a company with ties to Winston Partners.

Nour set up shop in May 2003, right in time to cash in on the war in Iraq. When it opened for business, the firm´s website described the company as an "international investment and development company" with more than 100 employees based in Iraq, and listed expertise in telecommunications, agribusiness, internet development, recruitment, construction materials, oil and power services, pharmaceuticals and fashion apparel."

Nour had ties to several companies, backed or owned, by Marvin´s Winston Partners, including Hobart West, a Fortune 500 personnel-services company; LogoTel, a clothing company; and Axolotl, a computer-services company in medical care.

In January, 2004, Nour was awarded another contract, worth a whopping $327 million, to equip the Iraqi armed forces and Civil Defense Corps. However, not long after it was awarded, Nour came under heavy scrutiny because of a financial scam involving the company´s president and Ahmed Chalabi, the leader of the US appointed Iraqi Governing Council (the neocon´s all time favorite fellow until they booted him out of the club).

Newsday reported that Chalabi received a $2 million "fee" for helping to arrange a $80 million contract, that was actually awarded to a firm called Erinys International to begin with. The problem arose, according to Newsday, because "within days" of being granted the contract, Erinys became a joint venture operation with Nour.

Next, the $327 million contract came under investigation after it was revealed that Nour had no prior experience whatsoever in providing military equipment. When confronted with that fact, Nour claimed that it planned to subcontract its weapons procurement to the Polish firm, Ostrowski Arms. However, the army soon determined that Ostrowski didn´t even have a license to export weapons.

Soon thereafter in March 2004, there was a sad turn of events for the First Brothers, when the Army decided to terminate the contract after six of the 17 firms that bid on the project, complained that Nour´s winning bid was ridiculously low.

It seems a review of all bids revealed that some bids were as much as $700 million apart. "That was a pretty clear indication that the industry did not have a good understanding of the procurement," said an Army official.

During a House Government Reform Committee hearing on Iraq contracts on March 11, 2004, some members of Congress tried to raise questions about private connections behind some of the contracts. However, committee Chairman Tom Davis, (R-Va), cut off the questions before the witnesses could answer.

But at least the Bush gang lost control of the profits from the next contract. The first Nour contract was awarded by Bremer and the CPA in Baghdad, but the process of re-bidding was turned over to the Army Material Command.

Iraq Not Sole Source Of Profits

But not to worry, the First Brothers profits are by no means limited to Iraq. They have irons in the fire all over the map.

For instance, Winston Partners´ portfolio includes another military contractor, the Amsec Corp. In 2001, Amsec was awarded $37,722,000 in contracts from the Navy. Marvin´s long-time business partner, Scott Andrews, sits on the Amsec board of directors, and the firm´s CEO in the relevant time-frame was Michael Braham, who used to work for none other than Paul Bremer, the top dog with the Coalition Provisional Authority (CPA), which was then responsible for awarding contracts in Iraq.

In addition, the Chatterjee Group also owns 5.5 million shares in a security company known as Sybase. SEC filings show the shares as being divided up between, Winston Partners LP with 1,036,075 shares; Winston Partners LDC holding 1,317,825 shares; and Winston Partners LLC owning 1,221,837 shares.

And thanks to brother George W, there would be plenty of profits for this security company. Obviously armed with insider knowledge from the White House, Sybase geared up to make big money off the Patriot Act long before it was passed.

The Act was designed in part, to prevent money laundering by terrorists. As soon as news of the pending law became public, all kinds of companies began developing new products that would soon to be a requirement for financial institutions that had to comply with the Patriot Act.

However, to no one´s surprise I´m sure, the most aggressive marketer out of the box, was probably Sybase, with a product called the "Sybase PATRIOT Compliance Solution." In fact, the company was so quick on the draw that it already had a deal with the People´s Bank of China, and the Sumitomo Mitsui Bank, by the time the October 2002 compliance deadline rolled around.

Which proves there´s much to be said for benefits derived from a direct link to information about what the US government is up to and how much it plans to spend.

In addition, according to Progressive Populist, the PATRIOT Act is not Sybase´s only federal conduit. The company is also a significant government contractor, with contracts from the Agriculture Department, the Navy ($2.9 million in 2001), the Army ($1.8 million in 2001), the Department of Defense ($5.3 million in 2001), Commerce, the Treasury and the General Services Administration, among others. The federal procurement database lists Sybase´s total awards for 2001 as $14,754,000.

But then, making money off wars in the Middle East is nothing new for Marvin. Back in 1993, after the first gulf war, he joined his father (3 months out of office), on a trip to Kuwait. Where, according to the March 16, 2001 Austin Chronicle, "Marvin was representing U.S. defense firms selling electronic fences to the Kuwaiti Defense Ministry."

From 1993 to 2000, Marvin was also a major shareholder in the Kuwait-American Corp, which had holdings in a wide variety of US defense, aviation and industrial security companies.

No doubt about it, W´s perpetual war on terror, is very profitable for the Bush Boys.

Almost Forgot Romeo

How could I ever forget little brother Neil? Until recently, he was best-known for his role in the collapse of the Silverado Savings and Loan which left a bill of $1.3 billion for tax payers to repay, as the culprit, Neil, walked away without ever seeing the inside of a police station, much less a jail cell.

I say until recently because last year, his testimony in a divorce deposition revealed a $2 million consultant contract between Neil and a Chinese computer chip company, which apparently came with perks consisting of women showing up at his motel room door wanting to have sex.

I´ve since nicknamed him Romeo.

But all kidding aside, the guy has really come along way since the Silverado days, thanks to his brother in the White House. According to the Nov 28, 2003, Financial Times, "Neil Bush, a younger brother of US President ... has had a $60,000-a-year employment contract with a top adviser to a Washington-based consulting firm set up this year to help companies secure contracts in Iraq," it reported.

Neil disclosed the contract during the deposition. He said he was co-chairman of Crest Investment Corporation and received $15,000 every three months for working an average three or four hours a week.

The Times went on to report, "The other co-chairman and principal of Crest is Jamal Daniel, who is an advisory board member of New Bridge Strategies, a company set up this year by a group of businessmen with close links to the Bush family or administrations. Its chairman is Joe Allbaugh, George W. Bush´s campaign director in the 2000 presidential elections."

On December 11, 2003, the Times reported that "two businessmen instrumental in setting up New Bridge Strategies, a ... firm designed to help clients win contracts in Iraq, have previously used an association with Neil, the younger brother of President Bush, to seek business in the Middle East," an FT investigation has found.

Daniel´s investment fund, Crest, also helped fund Neil´s educational software company, Ignite!, which was no doubt set up as a conduit to funnel tax dollars through public schools via W´s No Child Left Behind Act. In fact, according to the Times, Daniel sometimes introduces himself as a founding backer of Bush´s company, and has persuaded the families of prominent leaders in Middle East to invest, it notes.

Daniel, Neil and Howland have also been directors of Silvermat, a Swiss company controlled by Crest, that supplies the hospitality industry and has had financial and industrial relations problems.

When asked the specifics of his position with Crest, Neil testified that he was responsible for "answering phone calls when Jamal Daniel, the other co-chairman, when he called and asked for advice."

However, Neil´s is not merely a receptionist at Crest. He can obviously type as well, because three people contacted by the Financial Times have seen letters written by Neil that recommend business ventures promoted by New Bridges in the Middle East. So here again, we have Brother Neil being paid to "help companies secure contracts in Iraq," the Financial Times reports.

Neil & Marvin Hit The Jackpot In China

On still another front, many people were alarmed when W came down in favor of the People´s Republic of China, against a democratic referendum in Taiwan. But his support of China became suspect after it was discovered that well-connected Chinese firms were funneling huge amounts of money to his brothers, Neil and Marvin, according to Margie Burn in the Dec 16, 2003 Online Journal.

Soon after Neil´s deposition, the media began reporting that the computer chip company, Grace Semiconductor had entered into a $2 million contract with Neil.

The world business press reported that by hiring Neil, Grace hoped to influence US limits on exporting technology to China and repeal restrictions designed to keep gear from being used by the Chinese military.

And who knows, Neil may have come through, because on Oct 29, 2004, Electronic Engineering Times, reported that Grace was in the final stages of negotiating a technology transfer for a manufacturing process from a US manufacturer, which if "brought about ... would signal the further erosion of a post-Cold War-era pact - known as the Wassenaar Arrangement - set up to limit the dissemination of technology that could have potential military use."

The Wassenaar Arrangement is a real headache for Grace because in order to make advanced semiconductors, it has to rely on imports that require prior approval.

So exactly who is this US manufacturer, and what, if any, connections does it have to Neil Bush? According to EET, Grace refuses to disclose the name of the company, which leads me to wonder why the secrecy, and as usual where is the US media?

Of course EET had to remind the world of the connection between Neil and his foreign buddies, and that he was paid $2 mill. "In the U.S., it has reportedly agreed to pay $2 million for consulting services from semiconductor neophyte Neil Bush, the younger brother of President George W. Bush. In China, one of Grace´s founders is Jiang Mianheng, the son of former Chinese President Jiang Zemin, and in Taiwan, its other founder is Winston Wang, scion of a powerful petrochemical magnate.

This deal would have never been disclosed if not for Neil´s divorce. But while everybody was paying attention to Neil, an even bigger Chinese company was making deals that would benefit that quiet little mouse Marvin, and almost nobody noticed.

Cheung Kong Holdings, is a gigantic real estate and investment company in Hong Kong. How big is it? Well, according to the company´s own estimates, "combined market capitalization of the Cheung Kong Group amounts to HK$515 billion," or better yet picture this, "approximately 11.5 percent of the total market capitalization of the Hong Kong stock market." That is big with a capital B.

Cheung Kong´s expanded its portfolio, which now includes a company known as Critical Path, Inc, a software and Internet-messaging service firm. And guess who the company´s SEC filings list as a major shareholder in Critical Path? Mr Purnendu Chatterjee, acting for Winston Partners LP, owned by none other than Marvin Bush and Scott Andrews.

SEC filings show the Chatterjee´s group, including Winston Partners, owns approximately 5.5 million shares in the company. Which means, Cheung Kong´s investment had to boost profits for Winston Partners.

Thanks to the US Media, and to the fact that none of the Bush brothers are named Roger Clinton, few Americans seem to know about these deals. But the international business community sure does. Cheung Kong and Grace are both major players in China´s entangled economy made up of public and private partnerships.

For W to allow his brothers to profit from deals with these firms is bad enough. But to follow up with a major shift of support to China, and discourage a democratic referendum in Taiwan, is worse. The whole world cannot help but view this turn of events as one big Bush payoff.

Whenever I write about the profiteering First Family, I like to remind readers of what Bush told reporters when the Clinton pardon scandal hit the headlines with charges that brother-in-law Hugh Rodham had accepted $400,000 to lobby for clemency for two felons. When reporters asked George W what advice he would give to his own family members, he said: "My guidance to them is, ´Behave yourself.´ And they will."

Yea right.

(Evelyn Pringle is a columnist for Independent Media TV and an investigative journalist focused on exposing corruption in government)

By Evelyn Pringle [email protected]





Original Link: [link to www.independent-media.tv]



[link to www.independent-media.tv]

Also Saudi Arabia has made a deal with a major Chinese oil company.

Exxon, Saudi´s Aramco, China´s Sinopec in joint oil venture

AFP, NEW YORK

July 11: Exxon Mobil and Saudi Arabia´s state-owned Aramco are joining with China Petroleum and Chemical Corp (Sinopec) on a 3.5 billion dollar oil and chemicals venture in China, the Wall Street Journal said today.

The project encompasses a refinery expansion, a petrochemical plant and a joint marketing venture to operate 600 service stations, making it the first fully integrated Sino-foreign oil and chemicals project, according to Exxon.

It shows major players intent on building assets in the world´s fastest-growing oil market, at a time when a Chinese move to buy US producer Unocal has some US politicians worried about energy independence, the journal said.

Exxon clinched the deal Friday with a unit of Aramco and Fujian Petrochemical Co, which is equally owned by Sinopec and Fujian Province, the daily said.

Under it, Exxon and Aramco will each hold 25 per cent interest in the Fujian Refining and Ethylene Joint Venture Project, while Fujian Petrochemical will own the rest. The project will add about 160,000 barrels a day of crude-processing capability to an 80,000 barrel-a-day refinery in Quongang, in Fujian province, the journal said.

The refinery will be designed to handle high-sulfur or sour Arabian crude, which Aramco will supply under a separate deal signed Friday, it said. Exxon Mobil gave no timetable for completion of the project, expected to take years.

[link to independent-bangladesh.com]
bump
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.
Matrix
12/08/2005 10:13 AM
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[link to www.trendvue.com]

[link to www.realcities.com]
Posted on Fri, Jun. 24, 2005
Simulated oil meltdown shows U.S. economy´s vulnerability

By Kevin G. Hall

Knight Ridder Newspapers

WASHINGTON - Former CIA Director Robert Gates sighs deeply as he pores over reports of growing unrest in Nigeria. Many Americans can´t find the African nation on a map, but Gates knows that it´s America´s fifth-largest oil supplier and one that provides the light, sweet crude that U.S. refiners prefer.

It´s 11 days before Christmas 2005, and the turmoil is preventing about 600,000 barrels of oil per day from reaching the world oil market, which was already drum-tight. Gates, functioning as the top national security adviser to the president, convenes the Cabinet to discuss the implications of Nigeria´s spreading religious and ethnic unrest for America´s economy.

Should U.S. troops be sent to restore order? Should America draw down its strategic oil reserves to stabilize soaring gasoline prices? Cabinet officials agree that drawing down the reserves might signal weakness. They recommend that the president simply announce his willingness to do so if necessary". BAR1gwdanceBAR1

[link to www.truthout.org]
"Banks suffering from fraud and political pressures have frequently made poor decisions on which borrowers should receive loans, so that China requires more investment for each dollar of economic growth than many rivals. Xu Xiaonian, an economist at the China Europe International Business School in Shanghai, said that China and Japan shared weak traditions of corporate governance, shareholder rights and the rule of law, and this has hurt efficiency.

"Efficiency rules the game and will decide who wins the game, and not how fast a country grows," he said.

[link to www.chinadaily.com.cn] cry

[link to www.chinadaily.com.cn] alienship
towerdude
12/08/2005 10:13 AM
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this whole thread is a reminder that the people at the top are all working non-stop to enslave the masses through opressive taxation...on a worldwide scale...makes me tired thinking about it...which is why most people don`t bother
Matrix
12/08/2005 10:13 AM
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butt:dubya:bump
Matrix
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Apollo 11
12/08/2005 10:13 AM
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Kissass always was a communist. Agent Bor... that was his codename the Soviets gave him back in the old cold war days when the communist sympathizers and agents used to at least pretend they wern´t.
Anonymous Coward
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
The ideology is just a smokescreen to con the masses into thinking they are accomplishing something by fighting a war. It´s psyops. Kissinger, the Bushes, and others are placing bets on both sides of the fence. They invest in both sides because the battlefield is a market place for what they produce. All armies need oil and weapons and war only increases the demand for these items which increases revenues to weapons and oil manufacturers. The powers that be are primarily loyal to their money. Communisim, capitalism, democracy, fascism it really does not matter to them as long as they have enough money to live beyond the consequences of their behavior. The soldiers on the ground absorb the consequences for them.
Trac
12/08/2005 10:13 AM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
Yet another boob masquerading as a doctor.
Anonymous Coward
User ID: 10315047
United States
01/26/2015 04:19 PM
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Re: Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,
clappa





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