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US Wants More Oil Exports – To China

From the Wall Street Journal:

Former U.S. Vice President Al Gore speaks during the welcoming dinner for the U.S.-China Strategic Forum on Clean Energy Cooperation in Beijing October 21, 2009.

U.S. Enlists Oil to Sway Beijing’s Stance on Tehran

By JAY SOLOMON

October 20, 2009

WASHINGTON — The Obama administration is encouraging key Arab states to boost oil exports to China in order to reduce Beijing’s reliance on Iranian energy and pare Chinese resistance to tougher sanctions over Tehran’s nuclear program.

The administration’s strategy has yielded a gain: in a step coordinated with Washington, the United Arab Emirates recently agreed to boost oil exports to China to between 150,000 to 200,000 barrels a day from a current level of 50,000 over the next six months, according to U.S. and Emirati officials.

A senior Emirati official said Abu Dhabi plans to make a significant additional increase "within the next three years."

Saudi Arabia, long at odds with Tehran, also appears prepared to offer China more oil to make up for any losses it incurs as part of an international effort to punish Iran, according to people familiar with Saudi thinking

Many diplomats and Middle East analysts are skeptical that the U.S. and the Arab states will succeed over the long term in breaking Beijing’s reliance on Iranian energy…

Beijing is the second-largest buyer of Iranian oil. The Asian giant has pledged tens of billions of dollars in new investment in Iran’s oil and gas infrastructure in coming years. Chinese Premier Wen Jiabao damped [sic] U.S. hopes for broad cooperation on Iran last week, praising Beijing’s "widened and deepened" relationship with Tehran following a meeting with Iranian Vice President Reza Rahimi

Beijing also views Iran as a crucial partner in helping China achieve energy independence. China is investing in massive joint exploration, extraction and refining projects in Iran. Oil-industry analysts note that many of China’s energy ventures in Iran have yet to bear fruit, due to technological deficiencies and contract disputes. But Beijing is still seen as unwilling to turn its back on opportunities to develop China’s own refining and extraction capabilities

Notice how it’s only near the end of the article that we hear that it is highly unlikely that China will back on its relationship with Iran.

This piece is also remarkable for its lack of any mention of ‘global warming.’

Somehow it’s never a problem when China wants more oil, or wants to achieve energy independence by drilling for its own.

And speaking of which, why is China turning to Iran for such expertise, rather than the United States which used to lead the world in oil exploration, extraction and refining?

(Thanks to Canary for the heads up.)

This article was posted by Steve on Wednesday, October 21st, 2009. Comments are currently closed.

5 Responses to “US Wants More Oil Exports – To China”

  1. canary says:

    The Wallstreet Journal: U.S. Enlists Oil to Sway Beijing’s Stance on Tehran
    Oct 20 2009 By JAY SOLOMON
    WASHINGTON — The Obama administration is encouraging key Arab states to boost oil exports to China in order to reduce Beijing’s reliance on Iranian energy and pare Chinese resistance to tougher sanctions over Tehran’s nuclear program.

    The kingdom buys considerable weapons, natural resources and consumer products from China, and is weighing how to leverage those purchases to persuade Beijing to distance itself from Tehran.

    The U.S. strategy is as much about realigning diplomatic alliances as shifting the oil supply, U.S. officials said.

    Many diplomats and Middle East analysts are skeptical that the U.S. and the Arab states will succeed over the long term in breaking Beijing’s reliance on Iranian energy.

    Chinese Premier Wen Jiabao damped U.S. hopes for broad cooperation on Iran last week, praising Beijing’s “widened and deepened” relationship with Tehran following a meeting with Iranian Vice President Reza Rahimi.

    Beijing also views Iran as a crucial partner in helping China achieve energy independence.

    “The Chinese are wooing Iran because they are banking that the best energy security is to be their own producers,” said Patrick Clawson, an Iran expert at the Washington Institute for Near East Policy.

    —Sue Feng contributed to this article.
    http://online.wsj.com/article/SB125590100370392905.html

    It appears the global world is seeing that Obama is a weak President of the U.S. Obama’s dissing America, lack of action, (his entire life of) anger and revenge towards America…well, it just makes Obama’s trade-mark global flag ball, deflated.

  2. proreason says:

    hmmmm, eveidence is mounting that China is one of the Moron’s puppet-masters.

  3. beautyofreason says:

    Sanctions won’t do much to Iran because they live on a hotbed of natural gas. And the nuclear energy program is a diplomatic cover for creating the bomb.

    Even now, the Obama administration does not seem to recognize the threat of a nuclear Iran, despite the country acting like a schoolyard bully. The administration seems primed to ignore said bully until he comes to the playground with a gun.

    Didn’t Reagan say something against bullies showing up on the doorstep?
    I want another Reagan.

  4. canary says:

    Obama’s first step when he came into office was threatening twice to not pay China back. He has ruined relations and shouldn’t be surprised that China has teamed up with another country that hates us.

    Obama has always bitten the hand that feeds him, such as the U.S.A. It’s just never enough for Obama. Obama loves muslim terrorists that attack countries, and kill each other.


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