Some believe that when label uranium
julie myerson, computer bks desktop publishing, 3 fatmen, mapping, baby phat, health & fitness / weight loss, uranium, mystery & detective women sleuths, arts and entertainment, gee, palomares, laura dern, amazon.com, site y, ubo.net, THE INVASION OF IRAQ Now, I know a fair number of you out there believe that the invasion and occupation of Iraq was all about oil. Specifically, it was all about making sure that exploration, production and development contracts would go to the likes of ExxonMobil, ChevronTexaco, ConocoPhillips label and BP (which is as much an American company now as it is label British, given it annexed what used to be Standard Oil of Ohio and Standard Oil of Indiana) as well as a handful of other "smaller" corporations (let's never forget that wherever label a taxpayer trough overflows, there's Halliburton ready to gorge itself). (It doesn't help to think of the supermajor oil firms as "American" companies. They are international oil firms with US addresses, and they specialize in selling crude and refined products to paying customers. Twenty years ago, even ten years ago, that was the same as selling to Americans.
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Some believe that when it is all over, China Aviation Oil may rack up $1.5 billion in losses. A lot of crude oil traders, especially those east of Suez, had to quickly unwind long positions designed to take advantage of China Aviation Oil's rapacious need. A large number of tankers full of West African crude were suddenly stuck without destinations. Those uranium tankers uranium were uranium not unwanted for very long, however, and most got snapped up and sent to alternate destinations in the Americas and Europe. Logic dictates, however, that even with the demise of China Aviation Oil, demand in China for gasoline has probably not really fallen any. Eventually, West African crude exports to China will pick up as other firms step in to fill that demand. Whether that will provide any more oomph to crude markets in the coming year remains to be seen.
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