Monday, April 11, 2005

Demand Oil In India And China Fuels U.S. Security Concerns

Increasing demand for oil in India and dollar rich China is creating security problems for the U.S. as it is forced to seek oil from sources with unstable governments.
In countries bordering the Caspian Sea, there is a growing extremist muslim element creating difficulties for oil companies. The U.S. government will spend 100 million dollars on security for the area. In countries on the western coast of Africa, the U.S. is facing massive levels of crime and corruption within the governments of the oil rich nations such as Nigeria and Gabon.
Chinas puchases of oil from countries such as Venezuela and Sudan add the additional difficulty of providing large sums of cash to nations that the U.S. currently has sanctions against. Needless to say, the sanctions have little effect when China is buying more and more oil from them.
America is shooting itself in the foot by continuing to buy products from China.
The very money we use to buy Chinese-made products is being used to purchase oil in increasing quantities by China. This is limiting the supply available to America.
So the next time you start to complain about the cost of gas, look and see where your clothes were made, or your TV, or your DVD player, etc.
If any of them say: Made in China, Shut up, you're part of the problem.
The information in this article was obtained from the Wall Street Journal.

General Motors Pulls Ads From L.A. Times

In a move that warms the cockles of my heart, General Motors has terminated its relationship with the Los Angeles Times, citing a continuing series of articles that provided 'inaccurate' information (Read: they lied...).
If only more companies had the huevos to advertise in media outlets that were proponents rather than adversaries of their products or services...
In today's Wall Street Journal, an article warns that GM's actions could harm it. I disagree. I believe that the attention it gained from its decision to pull its ads will resonate with conservatives who are disgusted with the leftist views advocated by the newspaper. In recent months, subscriptions have fallen due to a number of missteps taken by the paper, such as the recent article promoting the business climate in North Korea.