Castro Posted July 21, 2005 Asian giants' oil moves challenge US Wednesday 20 July 2005, 14:49 Makka Time, 11:49 GMT China and India are involved in energy projects worth billions Countries shunned by the US are increasingly being wooed by China and India in a race for oil and influence that is challenging Washington on the energy and security fronts. Iran, Sudan, Venezuela, Syria, deemed to be nuclear threats, insurgent havens or human rights violators by the US, are on the Asian giants' list. The most recent US concerns have focused on China's bid for Unocal Corp, America's ninth largest oil company. Read the rest here Quote Share this post Link to post Share on other sites
Haddad Posted July 21, 2005 Good analysis. While the US is bogged down in Iraq & Afghanistan, other giants are leisurely emerging on the horizon. It's not a closed secret the US would get replaced as an economic/military giant in a span of few decades. The US' ambitions in Iraq & Afghanistan have gone awry. Its plans of oil prices reaching $6/barrel have been proven to be illusion. The US alienated secular leaders/governments of the Middle East as a result of invading Iraq. It's not a secret those leaders/governments are supporting the Iraq insurgency in various formats (financially, logistically, armamentary, etc). As a result, a long protracted struggle has to be expected. There's also bin Laden's promises to bleed the US' economy. No wonder a good chuck of the US' budget is dedicated for the military, security, counter terrorism, and other gun related sectors. I don't think this would lead to WW3, because it would result in mutual annihilation. Instead, confrontations would happen in the form of supporting an armed opposition of the foe, in order to force a slowing. Quote Share this post Link to post Share on other sites
