petroleumworld

World

Peru

Trinidad &
Tobago

ISSUES....
Inside, confidential, off the record

China's cleverness

We note that Venezuela has said that it shall sell 500,000 bpd of crude to China in '08, up from 350,000 bpd presently. This was announced by President Hugo Chavez himself yesterday. He said further that Venezuela intends to increase shipments of crude to China to 1 million bpd by '12. Chavez made these predictions as he promoted the fact that representatives of China's Development Bank were there in Venezuela to sign an agreement to create a $6 billion investment fund to build factories for mobile phones, autos and machinery, to establish telecommunications networks and to build railroads. He needs China far more than China needs him, it seems.

Commentary from Dennis Garthman /11 08 07

For more on interesting comments, you can subscribe to The Gartman Letter by contacting Dennis Garthman: Phone 757 238 9346, Fax 757 238 9346 or dennis@thegartmanletter.com

Petroleumworld 11 09 07

ISSUES.... Is an independent journalist effort from Petroleumworld, on Inside, Confidential
and Off The Record Information, its views are not necessarily those of Petroleumworld

Legal information: Copyright/Disclaimer

Copyright ©Petroleumworld, 1999-2007. All rights reserved

Send this story to a friend

Your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

Any question or suggestions, please write to:
editor@petroleumworld.com

3

Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels

TOP

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/us code/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from Petroleumworld or the copyright owner of the material.