I was just telling JVS that I never read stuff about oil companies in the news...Ok, I VERY RARELY read stuff about oil companies, but today I am making an exception.
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From: http://www.iht.com/articles/2006/08/27/business/chad.php
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The president of Chad has said that the oil companies Chevron and Petronas must leave the country, alleging that they had refused to pay taxes. He said his country would assume responsibility for their oil production. President Idriss Deby, speaking on state-run radio Saturday, gave the companies, which have been part of the African country's oil production consortium that is led by Exxon Mobil, 24 hours to start making plans to leave.
.............farther in the article.........
President Idriss Deby said Chad, which is setting up a national oil company, would take responsibility for the oil fields that the U.S. and Malaysian companies have overseen. The fields account for about 60 percent of the country's oil production.
..........a little bit farther.....................
Sabri Syed, a spokesman for the Kuala Lumpur-based Petroliam Nasional, commonly known as Petronas, said he could not immediately comment on Deby's announcement. Chevron said in a statement that it had complied with its tax obligations.
.........................at the end of the article.................
If Chevron and Petronas are evicted, Chad could seek help from China, which has taken an active interest in Africa. This year, Chad broke off diplomatic relations with Taiwan and turned instead to China, a move that could help it sell its oil there. China is already the largest exporter of oil from Angola, and it exports oil from Sudan as well.
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Well here is a surprised this is somehow related to the Chinese need for more oil.
All while the US is busy farting around the Middle East and seems to have a very short term plan for its furtur energy needs China is thinking long terms.
I think a good advice for young people going to school would be : "learn to speak one of the Chinese languages"...Now I don't know enough to know which would be best but......
