Date registered: Dec 2005
Location: United States
Mentioned: 3 Post(s)
Quoted: 397 Post(s)
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Together, these countries (China, Russia, Brazil) have thrown away a grand total of $0.00 on the so-called "War on Terrorism" (actually the War on Israel's Enemies). As opposed to the few trillion and counting we're burning. You get benefits like that if you don't spend all your time and money making enemies on the far side of the globe.
"Russia, which last year was flush with oil and gas revenue, bolstered its deteriorating financial position this week by promising to supply China with 300,000 barrels a day of Siberian oil over the next 20 years in return for $25 billion in loans to Russian state-owned oil and pipeline firms with large debt payments coming due this year.
"Petroleo Brasileiro chief executive Sergio Jose Gabrielli said the Brazilian state oil company is planning $174.4 billion in spending for exploration and production, mostly to exploit oil finds offshore Brazil. He said the effort would boost Brazil's oil production from 1.85 million barrels a day to 5.7 million barrels a day by 2020. "We are going to be producing more than half the current production of Saudi Arabia," he said.
"Raising that money has been challenging, but Gabrielli said the firm would receive money from the state development fund and borrow the rest.
"Yesterday, Petrobras received a $10 billion loan from China in return for supply guarantees."
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