Archived material Access restricted Article
Rantburg

Today's Front Page   View All of Thu 03/12/2009 View Wed 03/11/2009 View Tue 03/10/2009 View Mon 03/09/2009 View Sat 03/07/2009 View Fri 03/06/2009 View Thu 03/05/2009
1
2009-03-12 China-Japan-Koreas
China stocks up on bargain oil
Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by ed 2009-03-12 13:05|| E-Mail|| Front Page|| [429 views ]  Top

#1 In return, according to Russian news reports, China will receive 300,000 barrels of crude a day for the next 20 years at a rate of about $20 a barrel less than half the current price of $45.

And if Russia keeps up its end of the bargain, they'll still be receiving that $ 25.00/bbl oil for its plastics refineries and its factories even if oil rebounds to the point where we're paying $ 80/bbl.
Posted by Thing From Snowy Mountain 2009-03-12 20:48||   2009-03-12 20:48|| Front Page Top

#2 And if Russia keeps up its end of the bargain


ahem.... they'll throw in a Carrier cheap, too. It just needs some work, k? Which they'll do for time and materials, plus shipping and handling, plus...
Posted by Frank G 2009-03-12 20:59||   2009-03-12 20:59|| Front Page Top

#3 Now you know why oil has gone up $10/barrel even as economic data is worsening.
Posted by ed 2009-03-12 21:02||   2009-03-12 21:02|| Front Page Top

#4 Frank, what's the price Russia is charging (oh, to take one example) Ukraine for the same oil they're providing TODAY to China for $ 25/bbl?
Posted by Thing From Snowy Mountain 2009-03-12 22:22||   2009-03-12 22:22|| Front Page Top

#5 Doesn't that kinda hint that Russia believes some pigs are more equal than others?
Posted by Thing From Snowy Mountain 2009-03-12 22:23||   2009-03-12 22:23|| Front Page Top

23:52 JosephMendiola
23:33 JosephMendiola
23:25 JosephMendiola
23:03 trailing wife
23:00 trailing wife
22:59 trailing wife
22:23 Thing From Snowy Mountain
22:22 Thing From Snowy Mountain
22:19 Red Dawg
22:05 Red Dawg
22:04 mojo
21:38 Anonymoose
21:35 Anonymoose
21:34 Red Dawg
21:31 DMFD
21:29 DMFD
21:19 DMFD
21:17 Pappy
21:09 john frum
21:08 ed
21:07 phil_b
21:06 Halliburton - Mysterious Conspiracy Division
21:05 Bright Pebbles the flatulent
21:03 phil_b
Merry-Go-Blog










Paypal:
Google
Search WWW Search rantburg.com