Article

2012-03-14 Caribbean-Latin America

Venezuelan oil a risky investment for China

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Posted by Steve White 2012-03-14 00:00|| || Front Page|| [1 views ] Top

#1 Oh, this is a great one. Investment goes in but nothing comes out. It's like the Chinese know what it's like to invest in China.

The real reason China does this is because it has no better alternatives. The rest of the world has everything locked up, and Venezuela is one of the few places with a friendly dictator willing to do business.

Posted by gromky 2012-03-14 02:50|| 2012-03-14 02:50|| Front Page Top

#2 China has poured billions of dollars

Trillions left.

Posted by g(r)omgoru 2012-03-14 04:20|| 2012-03-14 04:20|| Front Page Top

#3 Does anyone know how much oil and gas is available for development IN China? It seems new fields are showing up everywhere.

Posted by tipover 2012-03-14 10:38|| 2012-03-14 10:38|| Front Page Top

#4 The Chinese get screwed, and Venezuela keeps the money and produces nothing? Boy howdy, that isn't likely to last. Do you seriously think the skinflint Mandarins are going to just let this pass. Man, look for bank trnasfers by hackers in Guangzhou PLA unit to start bringing the money back out of the private bank accounts all across Venezuela, plus, nasty accidents and not so subtle injuries. The history of lending by the Chinese is not full of Wesern style shoulder shrugs. Cultures don't change that much, and the Chinese are still just klike they were, just more technologically capable and with a very thin coat of civilized behavior painted on for show. Think I'm wrong, see how the west fares in Chinese courts about anything.

Posted by NoMoreBS 2012-03-14 14:09|| 2012-03-14 14:09|| Front Page Top

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