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Tuesday, March 26, 2013

China's Worst Fear is Coming True
By Keith Kohl | Tuesday, March 26th, 2013
Keith Kohl
You might not be fully aware of China's intentions behind their latest Arctic oil deal with Russia.
On the surface, this story looks like another example of the burgeoning friendship between the two countries.
However, the real story came to light during Chinese President Xi Jinping's trip to Moscow to promote increased cooperation with Russia...
Along with a slew of economic deals, such as significantly hiking trade volumes, Russia agreed to increase future oil and natural gas exports. As it stands now, Russia ships about 15 million tons of oil every year to China, a number that is expected to grow to 31 million tons per year within the next three decades.
But China is after more than simply boosting trade deals and making new friends.
The Chinese are shaking hands with Russians as a means to implement the next step of their long-term energy plan — a strategy that has grown abundantly clearer over the last several years.