Wednesday, April 26, 2006

CHINA, SAUDIS SIGN NEW WEAPONS-FOR-OIL DEAL

http://www.chinanews.cn/news/2005/2006-01-24/U41P6T5D17883F80DT20060124084419.jpg

Our greatest oil "allie" just signed a huge oil-for-weapons deal with China, our greatest strategic foe. I can't tell you how sick I am that we are so dependent on foreign oil for our survival. How did we let this happen? We need to expand domestic exploration of oil ASAP, while, simultaneously ramping up the switch to hydrogen (which can be domestically produced). Dependency on foriegn oil is our greatest strategic weakness, and the world is looking to exploit it!
China and Saudi Arabia have signed defense and security agreements that strengthened the strategic relations between the two Asian powers.

The accords were signed during the visit by Chinese President Hu Jintao to Riyad over the weekend, Middle East Newsline reported. Hu, arriving on April 22, has sought to offer Chinese weapons and technology in exchange for greater access to the Saudi crude oil market.

"This will further strengthen the friendship between our two countries and our two peoples as well as expand strategic and friendly cooperation between China and Saudi Arabia," Hu said.

Over the last few weeks, China and Saudi Arabia have accelerated cooperation in defense and energy relations. In January 2006, Saudi King Abdullah signed a memorandum of understanding during his visit to China, the first by a Saudi monarch since the two countries established diplomatic relations in 1990.


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