Canada and China sign “Strategic Alliance”

Big news out of Ottawa today. The Chinese President Hu JinTao and PM PM (Prime Minister Paul Martin) signed a “strategic alliance” today. Details of the alliance seem thin but it is clearly mainly economic in nature. China has been investing heavily in the Canadian resource sector, especially oil and natural gas so this is …

Hugo Chavez likes Nationalized Oil… so do Canadians

Huh? Well… a little while ago I mentioned that Chavez has been making offers to export his countries oil to everyone but the US. Asia, Europe, South America, and his neighbours in Central America and the Caribeaan. Today, he took one more step towards creating a “Petrocaribe”. The talks are being attended by representatives of …

Before you start complaining about the price of Gas

…. stop to think about how that Gas got to your local station. Take, for example, the current situation in Ecuador, where unrest in the oil producing regions has caused the government to send in the Army and stop all oil exports from the country. Why the unrest? “Free Market reforms” that were supposed to …