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BP’s plans to sell $7.9B of deepwater oilfields in the Gulf of Mexico is paving the way...

BP’s plans to sell $7.9B of deepwater oilfields in the Gulf of Mexico is paving the way for a big influx of Asian-Pacific cash into offshore U.S. energy exploration. China's Sinopec (SNP) and Australia's BHP are among prime candidates as they have deeper pockets than many Western firms, analysts say, and could pre-empt the U.S. and European explorers that have long dominated Gulf drilling.
Comments (1)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Hmmmmm...the Chinese have all that cash....fiat..that is losing value every day....what to buy after you have stocked up on all the commodities.....the production of those commodities.....very smart in my book....
    21 Aug 2012, 09:57 AM Reply Like
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