China Swaps Dollars For Oil

peaceandlove · 08-18-2009, 08:40 PM

China Swaps Dollars For Oil

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

By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
August 18, 2009

If you’re looking for the next “Big Oil” play, bet on Beijing.

As we’ve been reporting for the past several years, China has been on a global commodities shopping spree, which includes locking up every source of oil that it can. The Red Dragon has cut deals in Africa, South America Russia and the Middle East - and won’t stop there. Even the mainstream news media is finally becoming aware of this crucial trend.

But here’s the thing. It’s not enough just to know that this is happening. In order to profit, an investor really needs to understand why it’s happening - and to invest accordingly. Investors who lack this insight may make the strategic misstep of betting heavily (or exclusively) on the Western heavyweights - Exxon Mobil Corp. (NYSE: XOM), BP PLC (NYSE ADR: BP) or Royal Dutch Shell (NYSE ADR: RDS.A, RDS.B) - while ignoring the oil sector’s real growth story, which is China.

Just this year alone:

Continues: http://www.moneymorning.com/2009/08/...bal-oil-deals/

China makes unexpected grab for Canadian miner

State-controlled Jilin Jien launches a surprise bid for Canadian Royalties, a stark change in tactics for the Asian superpower

ANDY HOFFMAN
From Tuesday's Globe and Mail
Tuesday, Aug. 11, 2009 12:00AM EDT

China's insatiable hunger for natural resources has officially turned hostile.

State-controlled Jilin Jien Nickel Industry Co. Ltd. launched a surprise $148.5-million unsolicited takeover bid for Canadian Royalties Inc. yesterday, marking one of the first times the Asian economic superpower has gone after foreign resource assets without first winning a friendly agreement with management.

China has become an active acquirer of foreign resources amid the global economic crisis, investing in copper, oil and iron ore needed to fuel its fast-growing economy. But despite massive financial resources and a mandate to diversify its $2-trillion (U.S.) in foreign exchange holdings into so-called hard assets such as commodities, most of China's resource deals have been friendly.

Continues: http://www.theglobeandmail.com/repor...rticle1247540/

Source: http://solari.com/blog/ Catherine Austin Fitts Blog

peaceandlove · 08-18-2009, 09:32 PM

Telling us what's up next:

Not only is China getting all the CLUNKERS for scrap, I guess real estate is up for grabs too.

China's CIC set to invest in U.S. mortgages

Mon Aug 17, 2009 10:53am EDT
Reuters
By George Chen, Asia Private Equity Correspondent

HONG KONG (Reuters) - China's $200 billion sovereign wealth fund, which lost big on its ill-timed 2007 Morgan Stanley and Blackstone bets, plans to invest up to $2 billion in U.S. mortgages as it eyes a property market rebound, two people with direct knowledge of the matter said Monday.

China Investment Corp plans to soon invest in U.S. taxpayer-subsidized investment funds that will acquire "toxic" mortgage-backed securities from the nation's banks. CIC believes these assets are a safer bet than buying into the U.S. Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF), the people with direct knowledge said.

CIC is in talks with nine U.S. Treasury-designated Public-Private Investment Plan managers, the sources said.

SOURCE and COMMENTS: http://www.campaignforliberty.com/wire.php?view=6998

Northern Boy · 08-19-2009, 01:09 AM

You get the feeling they might try and squeeze some one out of the picture here P&L

08-18-2009, 08:40 PM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	China Swaps Dollars For Oil China Swaps Dollars For Oil Three Reasons China is Positioned to be the Oil Sector’s Next Big Profit Play By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report August 18, 2009 If you’re looking for the next “Big Oil” play, bet on Beijing. As we’ve been reporting for the past several years, China has been on a global commodities shopping spree, which includes locking up every source of oil that it can. The Red Dragon has cut deals in Africa, South America Russia and the Middle East - and won’t stop there. Even the mainstream news media is finally becoming aware of this crucial trend. But here’s the thing. It’s not enough just to know that this is happening. In order to profit, an investor really needs to understand why it’s happening - and to invest accordingly. Investors who lack this insight may make the strategic misstep of betting heavily (or exclusively) on the Western heavyweights - Exxon Mobil Corp. (NYSE: XOM), BP PLC (NYSE ADR: BP) or Royal Dutch Shell (NYSE ADR: RDS.A, RDS.B) - while ignoring the oil sector’s real growth story, which is China. Just this year alone: Continues: http://www.moneymorning.com/2009/08/...bal-oil-deals/ China makes unexpected grab for Canadian miner State-controlled Jilin Jien launches a surprise bid for Canadian Royalties, a stark change in tactics for the Asian superpower ANDY HOFFMAN From Tuesday's Globe and Mail Tuesday, Aug. 11, 2009 12:00AM EDT China's insatiable hunger for natural resources has officially turned hostile. State-controlled Jilin Jien Nickel Industry Co. Ltd. launched a surprise $148.5-million unsolicited takeover bid for Canadian Royalties Inc. yesterday, marking one of the first times the Asian economic superpower has gone after foreign resource assets without first winning a friendly agreement with management. China has become an active acquirer of foreign resources amid the global economic crisis, investing in copper, oil and iron ore needed to fuel its fast-growing economy. But despite massive financial resources and a mandate to diversify its $2-trillion (U.S.) in foreign exchange holdings into so-called hard assets such as commodities, most of China's resource deals have been friendly. Continues: http://www.theglobeandmail.com/repor...rticle1247540/ Source: http://solari.com/blog/ Catherine Austin Fitts Blog Last edited by peaceandlove; 08-20-2009 at 08:50 AM.

08-18-2009, 09:32 PM	#2
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: China Swaps Dollars For Oil Telling us what's up next: Not only is China getting all the CLUNKERS for scrap, I guess real estate is up for grabs too. China's CIC set to invest in U.S. mortgages Mon Aug 17, 2009 10:53am EDT Reuters By George Chen, Asia Private Equity Correspondent HONG KONG (Reuters) - China's $200 billion sovereign wealth fund, which lost big on its ill-timed 2007 Morgan Stanley and Blackstone bets, plans to invest up to $2 billion in U.S. mortgages as it eyes a property market rebound, two people with direct knowledge of the matter said Monday. China Investment Corp plans to soon invest in U.S. taxpayer-subsidized investment funds that will acquire "toxic" mortgage-backed securities from the nation's banks. CIC believes these assets are a safer bet than buying into the U.S. Federal Reserve's Term Asset-Backed Securities Loan Facility (TALF), the people with direct knowledge said. CIC is in talks with nine U.S. Treasury-designated Public-Private Investment Plan managers, the sources said. SOURCE and COMMENTS: http://www.campaignforliberty.com/wire.php?view=6998

08-19-2009, 01:09 AM	#3
Northern Boy Avalon Senior Member Join Date: Oct 2008 Location: On this Rock Posts: 1,390	Re: China Swaps Dollars For Oil You get the feeling they might try and squeeze some one out of the picture here P&L