China’s Oil Dilemma

Tensions in the Middle East are about to reach a boiling point. Where will the oil importing countries of the world turn when the balloon goes up?

Recent exchanges in the U.S. showdown with Iran have been heated, with the latest verbal strike coming from Iran and Sudan. They have accused the United States of deliberately creating strife in Iraq, Lebanon and the Palestinian territories.

President Ahmadinejad further attacked the U.S. presence in Iraq:
“It has become clear [. . .] that the presence of occupation forces on Iraqi territory was for no purpose other than to [. . .] steal the wealth of this land and make use of a base to expand their hegemony over the countries of the region and of the whole Muslim world.”

On the opposite end, the U.S. has relentlessly questioned Iran’s nuclear program. And despite countless Iranian claims that their nuclear aspirations are strictly for peaceful purposes, the U.S. remains unconvinced.

But in light of the impending conflict, countries around the world are preparing for the worst.

Energy and Capital