kotika98

China Pays Too Much for Oil in Iraq at $16 a Barrel

this is hilarious... western oil companies dominate the world non-government owned oil production. Addax itself was not built by the chinese, there are dozens of other western owned oil exploration and production companies, even while China has none. Moreover there is a reason that these companies have been so successful which is that they take calculated risks while the beauraucrats at Petrochina are completely incompetent in this area. If chinese were so smart, they would drill for their own offshore oil in the East and South China sea.

Gaza War: Expect a Spike in Oil, Gold

how is a war in Gaza news? Maybe to someone who doesnt follow the international news, or maybe too young to remember just how old is this war? And, last time i checked there were no oil wells in Gaza. To finish this line of argument, I also doubt there are wealthy Gazans who will rush to buy gold as a way to save their savings from wartime inflation/devaluation.