China is now turning to Africa for oil needs. Is this a good strategy, and if the U.S. is not already there why not?
2006-06-13 17:55:02 · 9 answers · asked by Travis F 1 in Politics & Government ➔ Politics
Oil is everywhere throughout the world. The problem with some regions are the instability of governments and local wars. Would you invest your billions of dollars where there is a chance your company could be overrun by thieves and local war lords? The problem for oil is also availability and ease of distribution. Alaska has no chance of having it's line of distribution interfered with by rebel groups. How will the oil be distributed in Africa? Other countries may be willing to go through extra efforts to get to untapped oil reserves and open the avenues of shipments.
Many industries have collapsed in the tropics due to disease, maybe China is overlooking that.
2006-06-13 18:14:23 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Both, but oil from Africa is meaningless. All oil is sold on the open market. It's not a matter of who controls or has contracts with whom. However, the US does get some oil from africa, as does Europe. It's not a new thing. China is merely trying to secure suppliers so it doesn't experience a shortage in its economic buildup. The bigger issue is how & when they will attempt to secure disputed supplies in the south china sea. Increasing demand now only leads to the future need for them to take action on those local fields they now claim, and that means going over the top of Taiwan & war.
2006-06-13 22:48:49 · answer #2 · answered by djack 5 · 0⤊ 0⤋
Most of the world's oil is actually inside the boundaries of the United States. Very much the reason we keep oil prices high by importing oil from the world market is to keep it prohibitively expensive for china to get much. It's a cold war technique that nobody talks about. If the US wanted to drop the price of gasoline down to 25 cents a gallon for the next 500 years or so, we could. Also, it makes our enemies think we are dependent on foriegn oil when we ain't. If war broke out, it would be nothing to switch over to domestic supply. All we would need to do is build the refineries.
2006-06-13 18:07:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
US government always make best way to protest their benefits and do many kind of strategy to prevent going to crisis and beside to upgrade their walfare of economy. so, in my opinion, China smart to Africa but not America because China ble to settle problem in Africa in best if compare with American. American did not take action except oil needs in other country did not supply to American.
2006-06-13 18:22:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
China is smart?
Only those who don't understand their stonewalling techniques of keeping their currency undervalued, heavily subsidizing their industries, and using the massive export revenue to buy up oil stocks would say such a thing.
There is a difference between being smart and elusive...
2006-06-13 18:03:36 · answer #5 · answered by Anonymous · 0⤊ 0⤋
you go where the goods are... there is no choice... if you supply them with the money, they will keep the oil flowing...
They are also making inroads in South America... also very smart... if the middle east runs out, America may be left holding the bag...
2006-06-13 18:01:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
African oil is a tricky business, the refineries are often offline, or the pipeline is shut down because the political climate is very unstable. (civil war, breakoff nations, ect)
2006-06-13 17:59:18 · answer #7 · answered by Black Sabbath 6 · 0⤊ 0⤋
China is very smart, U.S. is just slow
2006-06-13 17:58:22 · answer #8 · answered by Erik 5 · 0⤊ 0⤋
China is smart. Our leaders are slow.....
2006-06-13 18:00:17 · answer #9 · answered by bettyboop 6 · 0⤊ 0⤋