Venezuela, China Sign Oil Deals – WSJ.com
23/12/2009 § Leave a comment
After two days of talks in Caracas, the China National Offshore Oil Corporation will help the government of President Hugo Chavez develop the Boyaca 3 oil block in the Orinoco-belt, a large heavy-crude basin in Eastern Venezuela.
The Chinese oil titan also agreed to build a refinery with Venezuela that will process crude from a joint oil venture between the two countries that operates the Junin 8 block.
Notice the bald attempt by WSJ to plant in its readers head that this is a bad thing. China is making deals to provide for it’s energy needs while all Duhmerica can do is make threats and start wars. Duhmerica, ain’t it grand.