Friday, January 22, 2010


US Concerned that China Is Grabbing All the Oil

For some time now, China has been using its bulging foreign currency reserves to buy up oil around the world. Of course any country would do that if it had the money, but this had to be bothering the US (which is unfortunately flat broke), and sooner or later this had to happen. By “this” I mean the US coming right out and saying that it’s worried about China trying to “lock up” all the oil reserves. Which shows that the US government does not believe those who claim there is an “oil glut,” but that’s another topic. Anyway, read about it here.

Oh, by the way, did you know that the US now keeps two Aegis-equipped ships in the Persian Gulf at all times? No doubt to keep watch on that “oil glut,” right?

Addendum: The From the Wilderness blog has a comment on this here.

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