PickensPlan: China

PickensPlan: China: “Since the 2003 invasion of Iraq, China is aggressively seeking to secure oil resources for its growing economy. With their once lucrative oil contracts voided by the overthrow of Saddam Hussein, the Chinese have used lower oil prices during this global recession to embark on a resource grab of epic proportions. Maximizing the collective strength of China’s banking institutions and the diplomatic resources of the Chinese government, China’s state owned oil companies are positioning themselves to control a substantial amount of the oil produced in Africa, Asia and South America.”

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