Comments on: How China is Beating the United States in the Global Oil Game

By: Three Reasons China is Positioned to be the Oil Sector’s Next Big Profit Play

Three Reasons China is Positioned to be the Oil Sector’s Next Big Profit Play — Fri, 15 Jan 2010 21:19:13 +0000

[...] Money Morning Commentary: How China is Beating the United States in the Global Oil Game. [...]

By: China-Russia Oil Accord a Sign of a Changing World

China-Russia Oil Accord a Sign of a Changing World — Tue, 28 Apr 2009 10:59:10 +0000

[...] Money Morning Market Commentary: How China is Beating the United States in the Global Oil Game. [...]

By: Energy Development in Iraq Faces Political Obstacles, but Could Prove a Boon for China

Tue, 21 Apr 2009 10:05:30 +0000

[...] So far, China has been the most successful at sidestepping Iraq’s blurry bureaucracy. And that presents an intriguing potential view of the future: Should the war-torn nation’s political web ever become untangled, the world’s second-largest oil consumer (China) could end up being the premier player in one of the world’s largest oil-producing nations. [...]

By: How China is Beating the United States in the Global Oil Game | Geiger Index - Keith Fitz-Gerald

Thu, 18 Dec 2008 18:39:43 +0000

[...] Keith Fitz-Gerald Investment Director Money Morning Investment News/The Money Map [...]

By: JDsg

JDsg — Tue, 11 Nov 2008 07:01:55 +0000

@ David Synnott (#4):

I believe it is fair to say that Canada has the second place position in terms of the number of recoverable barrels of oil.

The problem with the oil sands inflating the amount of proved reserves in Canada is in the very nature of the oil sand itself. These are heavy oils that most North American refineries simply aren't able to process. Most N.A. refineries are set up to process light sweet crude, and are not able to process the oil sands concurrently. Separate refineries must be created for the oil sands, such as Royal Dutch/Shell is proposing to do in Alberta.

I'm not saying that the oil sands aren't an important oil reserve, and certainly the Canadian oil sands in particular are getting the attention they deserve; however, I think it's better to create a separate category for oil sand/extra heavy oil reserves, rather than to lump them into the proved reserves of conventional crude oil.

By: George Baily

George Baily — Sat, 25 Oct 2008 07:59:44 +0000

"Perhaps it’s time we re-learned this lesson from China." …hmmm hopefully instead of this becoming a desperate, competitive, and destructive scramble for the last oil, it's time to learn the obvious lessons that proponents of long-term sustainability have been talking about ever since I was in school.

By: Although “Hot Money” Flees China the Red Dragon Will Emerge From Financial Crisis Unscathed

Mon, 20 Oct 2008 10:01:37 +0000

[...] Money Morning: How China is Beating the United States in the Global Oil Game [...]

By: Sunshine Kills Vampires » “IOUSA” taking back seat to Chinca in Iraqi Oil Deals

Mon, 20 Oct 2008 08:26:08 +0000

[...] How China is Beating the United States in the Global Oil Game [...]

By: Alan

Alan — Sun, 19 Oct 2008 23:41:22 +0000

Why is your article 'How China is beating the US in the Oil Game' totally misleading, instead of telling how and why the SECRET MASTERS have manipulated this matter? Am I to believe that you, as someone who participates in the Financial Fields like I do, don't understand WHY China was 'handed' this Iraq Oil Production contract, and WHY it's being paid in DOLLARS instead of OIL? Am I to believe that someone who participates in the Financial Fields like I do, knows absolutely NOTHING of how the SECRET MASTERS manipulate Nations? If so, then you're words aren't worth reading – by anyone who needs to know how and why political and economic life is 'controlled' by the SECRET MASTERS, or by anyone who wants to enjoy a writer who can 'tell it like it is'. First, we both know that China was handed this contract as a 'token' payment in return for its continued participation in financing a Bankrupted US. Second, China is being paid in 'losing value' US Dollars instead of 'increasing value' Oil, and it's being 'told' to LIKE it. Third, Oil is a 'fossil' from the old, now dead Industrial Age. It's the 'old technology' TOY that's being handed down to the 'new kid on the block' while the rest of the older kids get to play with the NEW stuff (ethanol, solar, wind). In this piece on CHINA, you take what REALLY happened, cover it in misleading facts, and use it to bash the US because it's moving into a new Energy direction. This piece is so misleading and hurtful to people who are looking to read socially insightful material that's relevant to their future and the future of their children (and by extension, the future of the human race). As for your investment advise, I see that you're still in 'sales', a bird dog for the brokers, and not someone who is truly concerned with the financial well being of people. Peddling Stocks and Bonds to people is a 'sales' job designed to 'sell' fish instead of showing them HOW and WHY to fish. This too is an act of misleading people for self gain. For what, to make a buck? I'm a Futures Options Writer. I write 30 day Call & Put Options in all the most liquid markets. This technique enables investor's to hedge their contract positions. It provides me an excellent business while providing an excellent liquidity service to the markets. I create win-win situations. I make a buck honestly and respectfully. The more I read you, Keith, the more I realize you're still trapped in the old 'self-interest' mindset that plaques most of the other 'street' people who salivate over making a buck more than producing a quality product. Take a hint from what's now happening to them. Start explaining political and financial occurrences truthfully. Don't fear the SECRET MASTERS – kick 'em in the groin! Do it for the good of people, and who knows, you just might wake up a good number of them, gain a whole lot of respect, and 'earn' a nice income too!

By: Michael

Michael — Sun, 19 Oct 2008 23:04:16 +0000

I really enlightened myself.Please do send similar mails in future regularlly
Hats off to you

By: JOhn Heeckt

JOhn Heeckt — Sun, 19 Oct 2008 15:37:09 +0000

We face two hugh problems going forward. The first is that large American corporations are American in name only. These corportations are essentially internation corporations with no particular loyalty to the U.S. or any other individual nation. It’s been said that ’tis better to have bad morals than no morals at all. Sadly, these corporations have no morals at all. Profit is their entire preoccupation …no matter how or where it comes from.
Our second problem is that from the presidency through Congress, relative to the challenges we face, our government has never been populated by a more genuinely ignorant group of people. And, particularly if the polls hold, it will get measurably worse.

By: Dave

Dave — Sun, 19 Oct 2008 15:24:35 +0000

Perhaps what isn't so obvious is that it is in our best interests that China have a vested stake and major commitment to the stability of Iraq. Moreover, the sooner we focus on our own existing resources and their development, the better off (economically, militarily and politically) we will be. "Drill here, drill now" and do "all of the above" now. Let's heavily promote what's technically deliverable in the near term at the same time that we encourage what's technically feasible for the longer term. The politicians who are ensuring that their benefactors are paid off while existing resources remain untapped are morally and ethically criminal.

By: Zhoufriend

Zhoufriend — Sat, 18 Oct 2008 01:27:56 +0000

I think that yours comments are right and value.

By: ZigZag

ZigZag — Thu, 16 Oct 2008 23:14:33 +0000

Whereas the people holding the important influence over the politics and economy of the US are focussed only on short-term personal gain (which is why the US is in its current distress, and why their country is, right now, very rapidly, and big-time, in the process of losing its position and influence in the world), it is well known that the politicians, bankers and the general population in China are focussed on very long term strategy. If even I, as an unemployed single mother know that, it can only be the personal greed of the US leaders which allows them to wilfully ignore that. So much for their self-professed Christian values.

By: France Clement

France Clement — Thu, 16 Oct 2008 20:58:07 +0000

Mr.Bradley
Don'tforget that Canada is the largest country who produce
bituminous sand and our FIRST customer is USA,for many many many year"Read about Suncor(SU-T)

By: "After a rally, stocks take U-turn down" - Xtreme CPU

"After a rally, stocks take U-turn down" - Xtreme CPU — Thu, 16 Oct 2008 18:19:03 +0000

[...] 16Oct08 "How China is Beating the US in the Global Oil Game" How China is Beating the United States in the Global Oil Game By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report "Iraq recently signed its first oil deal in 35 years with a foreign company. And ? quite surprisingly to many observers ? the company wasn't one of ours. Not surprisingly, the U.S. news media barely acknowledged the deal ? even though the agreement was major news throughout the rest of the world. According to reports from Baghdad, the 22-year deal between the Iraqi government and the China National Petroleum Co. involves $55 billion, or 87% of Iraq's current total revenue at a conservative long-term estimate of $100 a barrel. The deal is actually a renegotiated version of a 1997 agreement between China and a Saddam Hussein-led Iraq. That original deal included production-sharing rights, but under the new contract China will be paid for its services, but will not share in profits, The New York Times reported. The payments will be made…" Read the full article" How China is Beating the United States in the Global Oil Game [...]

By: David Synnott

David Synnott — Thu, 16 Oct 2008 15:58:28 +0000

I find it interesting that the article does not include the 180 billion barrels of oil which are currently recoverable from Alberta's (Canada's) oil sands. Note that the amount quoted when discussing the Athabasca tar sands always includes the phrase "economically recoverable using current techniques". Further, the estimates indicate a total of over 2 trillion barrels of oil within the tar sands. There is a considerable amount of research going on to increase recovery rates.

I believe it is fair to say that Canada has the second place position in terms of the number of recoverable barrels of oil.

By: Rick R. Pelley

Rick R. Pelley — Thu, 16 Oct 2008 13:48:31 +0000

If the lesson to be re-learned from China is an oil-aggressive one, and “that China will go to extraordinary lengths to obtain the oil it wants and needs”, then the “game” is just now heating up.

Add to the mix, the currency “valuation” regime problems, one wonders whether there be enough prevailing “cool” heads.

By: H. Craig Bradley

H. Craig Bradley — Thu, 16 Oct 2008 12:13:34 +0000

What is going to happen to America when its people wake up and figure out one day that alternative energy won't heat their homes or run their cars and trucks?

By the time our leaders wake up there probably won't be any free or available oil reserves left. Who will be strangled then? In the past, these kinds of economic conflicts have lead to wars. I fear the next war because we can't win without oil, and plenty of it too.

General George Scott Patton was forced to stop ALL his tanks, and the allied advance, in Italy when he temporarily ran out of diesel fuel.