posted on Feb, 18 2005 @ 04:38 PM
China and India are ready to bid the west out of "The oil and natural gas war."
During the next few years these two countries will be in direct competition with Europe and America for natural resources such as oil and natural gas
from all over the world, including the Middle East.
Whoever wins the bids for the oil and natural gas will be able to grow faster and eventually dominate the world.
Sometimes you cannot win the oil war by just money, you have to have real friends in the Middle East and the World. And that is exactly what is
happening. India and China are secretly securing oil reserves from every direction.
"We''re seeing the beginnings of a bidding war for Middle Eastern oil between east and west," said Mr O''Reilly in a keynote address to a
Houston energy conference. “And we''re seeing the beginning of alliances between Asian entities and Middle East entities for the long term," he
said. "It's very important that our government recognize that."
"The time when we could count on cheap oil and even cheaper natural gas is clearly ending," he said, adding that a shortage of gas had led some
industry to relocate from the US, while higher energy and transport costs could lead to a shift in consumer spending patterns.
Please visit the link provided for the complete story.
The New Cold War is being fought as we speak to find out who gets to use the cheap oil and gas that is still available throughout the world.
This new revelation comes up in spite of the Kyoto Protocol, which if it was implemented by all nations, would have been most beneficial to both China
and India, since they are the two nations that according to the Kyoto Accord, both countries wouldn't need to reduce their emission of greenhouse
gases, and would assure economic growth in both countries.
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[edit on 18-2-2005 by Muaddib]