Fishing boats fled to the UK Energy Minister Fathi BenShatwan former Libyan told AFP said he believes that China and Russia have lost the Libyan oil competition.

Fathi BenShatwan said; "Gaddafi has no future now, and I am willing to help in any way against the rebels.". "Libya will be the new democracy and those who helped our country for a friendly trade." Including the set aside to reward the oil region of Italy and France. Benghazi because they openly admit the legitimacy of the government against the rebels.

Turning to China and Russia military intervention in Libya on the Security Council abstained when the resolution, Fathi BenShatwan that "Russia and China have lost, they should not do that." He does not think that Gaddafi signed a petroleum trade agreements with China and Russia is a threat, that it is only a man in desperate gamble.

Fathi BenShatwan recalled his students during the 20th century, the activities of the 60s and in 1969 he was the first coup against Gaddafi's enthusiasm. But he said 80 years as the 20th century, the growing corruption in government Gaddafi, Gaddafi began to persecute those who oppose him, he will be on the Gaddafi government no longer under any illusion. Department of Energy, he worked for a long time have seen a lot of corruption in government that despite international sanctions, Gaddafi, freezing its assets, there are billions Gaddafi hidden money. "He has hidden a lot of money, billions of it. They can use that money spent in other names, there are many tricks." He added, "the money through oil corruption most of the family into the pockets of . "

In addition to Libya last month, the resignation of Defense Minister Mussa Kussa and his defection addition, Fathi BenShatwan that other government officials wanted to leave Gaddafi, but they fear not. "No one in support of Minister of Gaddafi government. MussaKussa they think the same, but concerned that the family did not do so. They are afraid of (Gaddafi's revenge)."

Ship bound for Libya's oil pass China, what means to buy oil

Reuters quoted unnamed 7 sources as saying that the value of a loaded oil tanker 112 million left the Libyan opposition-controlled 6 port, was heading for China, but "do not know who the buyers are." This is, after the Libyan war, the country's first exports of crude oil.

An anonymous Chinese oil industry on the 8th of the "Global Times" reporter said that the European oil trading giant Victoria (vitol) Libyan opposition from the oil group to buy is indeed a cargo of crude oil, is currently in China to include oil companies, including the sale of international buyers. However, as of press time this newspaper, has not been clear from the Chinese oil company to buy news. Currently, the handling of the tanker deal and the company of Victor Company declined comment.

Reuters reported that the tanker named "Equator" was registered in Liberia nationality, can carry more than 100 million barrels of crude oil. Institutions, according to Lloyd's Shipping Information International news release of information, "Equator" was heading for Libya, 5 Harry cover rebel-controlled port, 6, left.

Reuters 7 reported that the tanker in the Harry cover 6, respectively installed on the port and Tuboluge crude oil, is now entering the Mediterranean Sea. The report quoted unnamed traders in the Gulf region as saying: "Crude oil will be transported to China, but it is unclear who the buyers are." A shipping industry analysts say, the tanker is expected to go through about 28 days of sailing to reach the China, the half-way through the Suez Canal and Red Sea.

While another source said that the European oil trading giant Vitol Group participated in the transaction, but the Victoria company declined to comment on it. "Equator" was the Greek owner of the company can be hole also declined comment.

Since the NATO multinational force began bombing Libya, the country has been three weeks without oil exports, so the opposition led by the oil exports of concern. Reuters quoted sources as saying: "If the first batch of crude oil can be delivered to China, and payments, no problem, then there will be more opposition-controlled areas from the Libyan oil exports."

Reported that the amount of the transaction will be into an offshore bank account, to ensure that the opposition to remove the amount of Libya. Lee opposition had called on the UN to lift sanctions on oil exports for profits and said has reached an agreement with Qatar, Qatar, the Libyan crude oil will re-listed. But Reuters said on the 7th, is shipped to China's current oil trade, not Qatar to participate.

Marine Risk Management, Reuters quoted the expert advisory body mrm than the head of John Doerr as saying, this is not the last of the Libyan opposition export crude oil. Taking into account the country's oil reserves, Libya, as the importance of oil is being deliberately played down the West, while China will buy Libya's oil, and built on Houkazhafei period of political and economic influence. However, some analysts believe that things may not be as complex as speculation, the opposition to oil trade with Libya is Victoria oil companies, Chinese companies even want to buy, only buy from the hands of a group of oil companies only.
Libyan oil minister before the defection of 7 million, said Saudi Arabia, China and Russia against the West to attack Gaddafi as "the future of oil in Libya have lost the competition," and the first to recognize the Government of the Libyan opposition in France and Italy, will be will be the "oil and gas rewards."

Libya has Africa's largest oil reserves. In Libya, China, 90% of oil production from the Sirte Basin, Libya, the current government and the region in the tug of war competition in the anti-government forces. Libyan national oil refinery in the 5 most important, 3 is now Gaddafi government control, one by the opposition control, one is in contention. Since the war broke out, these refineries have been several times changed hands, the Libyan government and the opposition are fighting for their control.

China Youth Daily: What can China to buy oil

North Africa - a time of chaos in the Middle East can not be calm, already pushed up international oil prices on the day.

3 years ago, financial analysts around the sale of something called "peak oil theory" gimmick, said that not a few decades, this industrial age of the Earth's oil will dry up the blood. Thus, in the 200 to 300 dollars a barrel, crying aloud, the international oil prices last touched record high of 147 U.S. dollars a barrel. Subsequently it, breath down to 33 dollars. Today, oil prices jumped more than 100 U.S. dollars on the.

Economists always take the simple visual analysis of supply and demand to prices, but the fact is always more than expected. No one can come up with data to prove that three years between the world oil supply and demand will be tremendous changes in four or five times. The overall consensus is that the oil industry, the global oil and gas has been in the basic balance of supply and demand, the current world oil production can meet the needs of Libya's output, but 3% of the global total. Global natural gas market and even 2,000 billion cubic meters per year of excess production capacity.

The key is who is going to pricing.

Experts said the State Information Center, the international oil pricing through several evolution. Initially, the oil monopoly, oil pricing from the West. Later, OPEC (opec) together, their pricing. However, since 1970, clearing a line of oil in U.S. dollars regulations, the international financial markets, oil futures prices, it becomes a pricing benchmark.

Data show that the current global annual oil trade volume in more than 130 million tons, the volume of transactions through the spot market is only 20 million tons, most of them no physical delivery. 6 times higher than the large virtual volume gone? Take it as gambling chips have it!

Investors see more clearly. A very simple reasoning, if the global financial capital market as a whole as a large market, high oil prices is a typical "sector rotation" from the stock market, real estate, financial derivatives and other speculative projects to escape the "hot money" , you can choose the time, respectively, into the oil, grain and other futures markets, with a continuous lift gimmick, nothing more than to inflate another bubble. Put another way, all behind the price fluctuations of financial products, have the dealer or "capital of big players" plot manipulation.

Find sufficient evidence to prove the "conspiracy" is almost impossible. In the global financial markets this big pool, in the absence of truly effective transnational, cross-regulation, the "capital of predators" is the master here. They do whatever they want, who can really catch them handle? Who dares to expose these powerful forces "behind closed doors and seek" story?

CPPCC member Li Deshui, former director of National Bureau of Statistics said that the U.S. financial giants are relying on "play money" to a lot of money, try the virtual economy to dominate the global real economy, control the world price. Play to play the virtual economy is the "price" the words, exchange rates, interest rates, housing market, stock market, oil prices, food prices and so on, "Who can master the control of the pricing power will come to the fate of the world economy." He said so, implying that Chinese people can not take.

Continued high oil prices, the dollar fell, a suppression of a Young between the United States to achieve the greatest arbitrage. The United States is the "core-currency countries", the world recognized "green ticket", as long as printing money, you can easily use the notes in exchange for oil. Countries to sell oil to earn enough dollars, and these "oil dollars" the same should also flow into the U.S. financial market cycles, increasing the value for itself in the U.S. trade deficit and fiscal deficit bill.

U.S. economy do not care about high oil prices. Fuel consumption of the industry are transferred, the high oil prices on the U.S. economy will not constitute a material effect. Recent high-profile United States also announced that it has identified a number of new domestic oil fields, the world's largest oil importing countries actually had a "oil self-sufficiency theory." The only trouble is that high oil prices may be close at hand so that the American people that, but anyway, accustomed to living beyond the day, mortgage, subprime, credit cards are a "crisis" over, so what's scary? Big deal for the large displacement of the oil saving the tiger in Japanese cars, fuel-efficient to save money also provided the victims.
China is different. "Made in China" the world with cheap consumer goods. Chain in the global division of labor, the large number of multinational companies processing production processes to China. This creates a pattern: China is the world production, but it consumes its own energy, or must be expensive to buy. Today, the Chinese economy itself to low profits, then such a squeezed by high oil prices, is approaching 赔本赚吆喝 position. Chinese wage earners already low wages, this oil from Iraq since the U.S. invasion of 2003, up nearly 3 times, it seems many ordinary families from the "automobile age" farther and farther.

It's no wonder. Last year, China consumed 4.3 billion tons of oil, imported 240 million tons, the foreign dependency is 56%. PetroChina Jiang Jiemin calculated that an account manager in 2010, China added 18 million vehicles, if the vehicle burned two tons of refined oil a year, the annual consumption of refined oil to add 36 million tons, crude oil 50 million needed tons. This dependence on foreign oil in 2011 increased by two percentage points is a conservative estimate. At this rate, "Twelve Five" China's oil import dependency will reach 66%, more than the United States. China is the oil-poor countries can now self-produced two hundred million tons, headroom is extremely limited. How to do? Can "go."

A study reported that in 2009 China to buy oil companies overseas M & A spending about 182 billion U.S. dollars, accounting for the total global oil and gas transaction (1440 million) of 13%. Growth in 2010 to $ 29,390,000,000, of which more than half (15.74 billion U.S. dollars) used in the Latin America region. China's oil companies have operations in 31 countries and 20 countries in which the interests of production, mainly in Kazakhstan, Sudan, Venezuela and Angola.

Sinopec in 2010 to 2.45 billion acquisition of U.S. Occidental Petroleum (oxy) Argentine subsidiary, 100% shares. Earlier in 2009, $ 7,240,000,000 Sinopec acquired the addax oil company headquartered in Switzerland, the biggest hit overseas Chinese to buy oil projects.

China Petroleum is not ambiguous, the recent Saudi Arabia and Iraq have big cooperation projects, allegedly the next 10 years to invest 60 billion U.S. dollars, will increase its annual output to overseas oil fields 200 million tons. This is a very ambitious plan. China's oil production in 2010 was 250 million tons of overseas output of 88 million tons, to complete the plan to have more than doubled.

China's economy on oil demand urgent and loneliness. Strategic planning scholars have pointed out, spread out the map of world oil distribution to outline a "strategic axis of the inverted u-shaped", that is, from the South Atlantic (including the deep water West Africa and Brazil), after Africa, Chad, Sudan, to the Persian Gulf, Saudi Arabia, Iraq, Iran, through Central Asia, Kazakhstan, to Russia, after Russia and the Far East has been extended to North America, Canada, and then by the United States to South America, Venezuela and Brazil. Around this axis, the Chinese find oil and buy oil idea is to "highlight Central Asia - Russia; strengthening Africa; expand the Americas; bigger and the Middle East, to seize the Iran-Iraq; promote the Asia-Pacific." In fact, plainly, is "Where there is oil Where there are our brothers. "

Can be the key question is not "Where is the oil", but "How to buy?" Do not forget pricing is not in the hands of China, Accidentally, what up what to buy and sell something and fell, China's huge foreign exchange reserves are said to be "chronic" problem, get in the hands of the "green ticket" direct hot . New ideas needed in this area.

Advantage of the Chinese economy is strong production capacity, products cheap, people are industrious and work hard. Workers in developed countries, squeamish, there is no advanced equipment does not love dry; lazy workers in developing countries, lack of experience will not do. What dirty work, Leihuo, hard job, but myself can do the Chinese workers always! Has done research in Africa was an economist Li Yuan said that the Chinese people "going out" is the magic hands of industry.

He believes that Chinese enterprises to build houses, repair roads, build power stations, building dams, VIP out of people, efforts to force the state to support staff to the force, technical capabilities are growing, so the only way out is the "Industry for resources . " The cycle of the world economy in dollars being led. U.S. is an intermediary, both from the industrial and resources head taking profits. Then we can not bypass it go?

Domestic oil industry, a leading oil field visit to Iraq, a look at most perplexing: five protection camps, digging trenches, barbed wire strapped to the camp there are several square kilometers, why so big? Rockets hit back, not easy to hit the target. Chinese workers out well to take a bullet-proof car patrol in Baghdad, have signed more than 20 kilograms of body armor wearing, wearing 10-pound helmet. The streets of Baghdad filled with bunkers, machine guns, soldiers, and few cars, like the SARS period in Beijing and Shanghai. He was feeling, Chinese enterprises actually difficult conditions that persist in this down!

Oil settled in U.S. dollars. Today, this line of regulation become increasingly unjust and unreasonable. But it was overturned and abandoned people, the Chinese where to find oil? The most difficult place to go. What can you buy oil? Take credit, take courage, take the sweat, take Industrial. What other thoughts?