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BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !

 
Anonymous Coward
User ID: 898092
United States
05/30/2010 09:46 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
i love mexican food this is awesome!!!!
Anonymous Coward
User ID: 985121
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05/30/2010 09:46 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Media has ignored this, and COKE ad provided financial help to accomplish the task.



[link to www.livestream.com]

and

[link to digitalship.shiptogaza.gr]



realtime link, the media does not report just what is happening
 Quoting: Anonymous Coward 985121
TXGal4Truth

User ID: 864252
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05/30/2010 09:47 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
""Israel likely lost the battle over the flotilla of international aid ships on their way to the Gaza Strip even before the activists left their home countries and gathered in Cyprus late last week.
From a global media perspective, the story is pretty clear. Hundreds of international activists, some of them parliamentarians from Europe and Israel, are trying to bring thousands of tons of supplies to the Gaza Strip, and Israel is stopping them.
For the international media and its consumers, the reasons behind Israel’s decision do not make much of a difference, since what Israel is doing fits the way it is already widely perceived – as a violent aggressor abusing a weak and poor Palestinian people.
In its defense, Israel, this time, did not stand by idly as it was slammed throughout the world. It launched a diplomatic initiative aimed at explaining to the world why it planned to stop the ships.
First, it made the claim that the Gaza Strip was not suffering from a humanitarian crisis and that the thousands of tons in supplies that the ships were carrying were not really needed, since it was all already supplied to the Palestinians by Israel. The IDF went so far as to invite media down to the Kerem Shalom crossing to videotape the hundreds of trucks that transfer supplies daily from Israel to Gaza. At the same time, Israel offered to transfer the shipments on the boats to the Gaza Strip after they were unloaded at the Ashdod Port and inspected.
Next, it tackled the delegitimization effort. Stories were leaked by the government to the press about the Turkish Humanitarian Relief Foundation (IHH), the Turkish organization that is behind the flotilla, described as a “radical Islamic organization” that was outlawed by Israel in 2008 for allegedly serving as a major component in Hamas’s global fund-raising machine.
In addition to this effort, the long-standing claim was restated that if this flotilla were allowed to enter Gaza, it would open the door to unsupervised shipments that could contain not just flour, cement and medical supplies but also explosives, Kalashnikov rifles and Iranian-made, long-range Fajr-5 missiles.
In the end, though, none of this official Israeli counter-effort will really make a difference, since what will ultimately determine the impact of the flotilla saga will be the pictures and videotapes published and broadcast around the world.
All that is needed for the flotilla to “succeed” is a single picture of an Israeli soldier applying a headlock to an international activist. And no matter how hard Israel tries to block broadcasts from the ships, the pictures will get out. Facebook and Twitter are already full of snapshots, around-the-clock updates and even a live streaming video.
Israel had other options. One was to stop the ships far out at sea, inspect them, maybe even arrest a terror suspect or two if there were such aboard, and then let the ships sail freely into Gaza.
Another option was to simply let the ships through unchecked. In the absence of intelligence indicating that the ships were carrying arms, the risk might not have been that great. Yes, it could have paved the way for additional flotillas, but all of these could be inspected by the navy, which would be tasked with ruling out the possibility that arms were being smuggled in by sea.
Let’s not fool ourselves. Even if Israel allowed these ships and all such ships to dock in Gaza City’s harbor, it would still be accused of laying siege to the Palestinians in the Strip since, albeit along with Egypt, it controls the land crossings.
In the end, after all, the flotilla is just another chapter in an international campaign to chip away at Israel’s legitimate right to defend itself.

[link to www.jpost.com]

hf
 Quoting: Blueacres


bump
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Spirited One

User ID: 986253
Brazil
05/30/2010 09:48 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
""Israel likely lost the battle over the flotilla of international aid ships on their way to the Gaza Strip even before the activists left their home countries and gathered in Cyprus late last week.
From a global media perspective, the story is pretty clear. Hundreds of international activists, some of them parliamentarians from Europe and Israel, are trying to bring thousands of tons of supplies to the Gaza Strip, and Israel is stopping them.
For the international media and its consumers, the reasons behind Israel’s decision do not make much of a difference, since what Israel is doing fits the way it is already widely perceived – as a violent aggressor abusing a weak and poor Palestinian people.
In its defense, Israel, this time, did not stand by idly as it was slammed throughout the world. It launched a diplomatic initiative aimed at explaining to the world why it planned to stop the ships.
First, it made the claim that the Gaza Strip was not suffering from a humanitarian crisis and that the thousands of tons in supplies that the ships were carrying were not really needed, since it was all already supplied to the Palestinians by Israel. The IDF went so far as to invite media down to the Kerem Shalom crossing to videotape the hundreds of trucks that transfer supplies daily from Israel to Gaza. At the same time, Israel offered to transfer the shipments on the boats to the Gaza Strip after they were unloaded at the Ashdod Port and inspected.
Next, it tackled the delegitimization effort. Stories were leaked by the government to the press about the Turkish Humanitarian Relief Foundation (IHH), the Turkish organization that is behind the flotilla, described as a “radical Islamic organization” that was outlawed by Israel in 2008 for allegedly serving as a major component in Hamas’s global fund-raising machine.
In addition to this effort, the long-standing claim was restated that if this flotilla were allowed to enter Gaza, it would open the door to unsupervised shipments that could contain not just flour, cement and medical supplies but also explosives, Kalashnikov rifles and Iranian-made, long-range Fajr-5 missiles.
In the end, though, none of this official Israeli counter-effort will really make a difference, since what will ultimately determine the impact of the flotilla saga will be the pictures and videotapes published and broadcast around the world.
All that is needed for the flotilla to “succeed” is a single picture of an Israeli soldier applying a headlock to an international activist. And no matter how hard Israel tries to block broadcasts from the ships, the pictures will get out. Facebook and Twitter are already full of snapshots, around-the-clock updates and even a live streaming video.
Israel had other options. One was to stop the ships far out at sea, inspect them, maybe even arrest a terror suspect or two if there were such aboard, and then let the ships sail freely into Gaza.
Another option was to simply let the ships through unchecked. In the absence of intelligence indicating that the ships were carrying arms, the risk might not have been that great. Yes, it could have paved the way for additional flotillas, but all of these could be inspected by the navy, which would be tasked with ruling out the possibility that arms were being smuggled in by sea.
Let’s not fool ourselves. Even if Israel allowed these ships and all such ships to dock in Gaza City’s harbor, it would still be accused of laying siege to the Palestinians in the Strip since, albeit along with Egypt, it controls the land crossings.
In the end, after all, the flotilla is just another chapter in an international campaign to chip away at Israel’s legitimate right to defend itself.

[link to www.jpost.com]

hf


bump
 Quoting: TXGal4Truth



Man are you a screwy broad. You bump Israeli propaganda? WHY?

Give your head a shake woman.
~~~~~~~~~~~~~~~
"It is no measure of health to be well adjusted to a profoundly sick society."

~KrishnaMurti
~~~~~~~~~~~~~~~

"The lie tastes sweet at the beginning, but bitter at the end.

The truth tastes bitter at the beginning, but sweet at the end."

Buddha

~~~~~~~~~~~~~

FREE FREE PALESTINE
Anonymous Coward
User ID: 986925
United States
05/30/2010 09:49 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
"""""""""""""In the end, after all, the flotilla is just another chapter in an international campaign to chip away at Israel’s legitimate right to defend itself."""""""""""""

Thats BS. It is more likley that they want no photos or
people seeing what living conditions are like in Gaza.That
is probably nearer to the truth.
Mujahid

User ID: 986186
Germany
05/30/2010 09:49 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
In the end, after all, the flotilla is just another chapter in an international campaign to chip away at Israel’s legitimate right to defend itself.
 Quoting: Blueacres


[link to inpursuitofjustice.files.wordpress.com]

hf
Anonymous Coward
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05/30/2010 09:49 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
isreali swine better not torture those humanitarian aid workers. one of them is a dear friend.
 Quoting: paranoid eyes 823195

one of them is my family.
Anonymous Coward
User ID: 714023
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05/30/2010 09:50 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Man are you a screwy broad. You bump Israeli propaganda? WHY?

Give your head a shake woman.
 Quoting: Spirited One


Many in this country and on this site support Israel for religious reasons. Israeli propaganda has convinced many hardcore Christians that if Israel falls the rapture will come and so will the end of the world. Religious exploitation at its finest.
9teen.47™

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05/30/2010 09:50 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Yum, grilled turkey........

cowgal Don't forget to watch the Torpedo Strike at about 2:00 mins.



Paid for by whom I wonder
 Quoting: Anonymous Coward 986953

:mnkyfngrry:
Zec 12:3 And in that day will I make Jerusalem a burdensome stone for all people: all that burden themselves with it shall be cut in pieces, though all the people of the earth be gathered together against it.
Psa 9:17 The wicked shall be turned into hell, [and] all the nations that forget God.
Jer 6:2 I have likened the daughter of Zion to a comely and delicate [woman].
STOCK UP NOW. You should have at least 6 months worth of basics for every member of your household. Stay away from crowds when trouble starts, do not forget water storage, tobacco is worth more than gold or silver, and be kind to hungry children.
TXGal4Truth

User ID: 864252
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05/30/2010 09:50 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Man are you a screwy broad. You bump Israeli propaganda? WHY?

Give your head a shake woman.
 Quoting: Spirited One


And you've done nothing but insult me on almost every thread that has to do with Israel and Palestine.

Who's the screwy broad?

I have a right to my own opinion as you have a right to yours...draw a bridge and get over it.
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Spirited One

User ID: 986253
Brazil
05/30/2010 09:51 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
"""""""""""""In the end, after all, the flotilla is just another chapter in an international campaign to chip away at Israel’s legitimate right to defend itself."""""""""""""

Thats BS. It is more likley that they want no photos or
people seeing what living conditions are like in Gaza.That
is probably nearer to the truth.
 Quoting: Anonymous Coward 986925



Exactly. Why Israel blacked out media coming from Gaza during the ATROCIOUS cast lead massacre, blacked out media and blocked international reporters from the Jenin Refugee Camp massacre, and Israel certainly has been disseminating OUTLANDISH propaganda campaigns to try to JUSTIFY their persecution of Palestinians.

All this happening while Israel has sent three german made nuclear subs to Iran.
~~~~~~~~~~~~~~~
"It is no measure of health to be well adjusted to a profoundly sick society."

~KrishnaMurti
~~~~~~~~~~~~~~~

"The lie tastes sweet at the beginning, but bitter at the end.

The truth tastes bitter at the beginning, but sweet at the end."

Buddha

~~~~~~~~~~~~~

FREE FREE PALESTINE
Anonymous Coward
User ID: 987101
New Zealand
05/30/2010 09:51 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
I hope they find the hidden weapons and a few most wanted terrorists.
 Quoting: Doominator 162364

if they dont they know how to plant them .
TXGal4Truth

User ID: 864252
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05/30/2010 09:51 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Man are you a screwy broad. You bump Israeli propaganda? WHY?

Give your head a shake woman.


Many in this country and on this site support Israel for religious reasons. Israeli propaganda has convinced many hardcore Christians that if Israel falls the rapture will come and so will the end of the world. Religious exploitation at its finest.
 Quoting: Anonymous Coward 714023


And just so that you know, I don't believe in the RAPTURE. TY
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Anonymous Coward
User ID: 949945
United States
05/30/2010 09:52 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Would a Mod be able to pin this thread? I think it is potentially very important, and people should keep up to date with the events as they unfold.
 Quoting: PANIC

bump
Anonymous Coward
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05/30/2010 09:52 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
who cares,us ocean dead.non issue,the earth and all its life is doomed lol
TXGal4Truth

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05/30/2010 09:53 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
I hope they find the hidden weapons and a few most wanted terrorists.

if they dont they know how to plant them .
 Quoting: Anonymous Coward 987101


Of course...I mean these people never hurt their own right? All those you hear of setting off bombs on roadside markets, schools, etc were actually Israelis.

putin
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Anonymous Coward
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05/30/2010 09:53 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
breaking...

enchiladas broke shore and are regrouping..

man i love mexican food conspiracy shit!!

this rocks

no lard for me.!
Anonymous Coward
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05/30/2010 09:54 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
And just so that you know, I don't believe in the RAPTURE. TY
 Quoting: TXGal4Truth


But you don't deny that Israel uses propaganda to exploit Christians into supporting them for religious reasons. If Israel goes down, the world world will come to an end, isnt that what they tell Christians?
ANNONYMOUS
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05/30/2010 09:54 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
What was really amazing to me, watching the live feed, earlier today there was a woman speaking english and she said something to the effect was, as soon as they entered international waters and their flotilla was flanked on either side by israeli military vessels, she said that suddenly, the entire feeling of the mission felt like they were suddenly criminals, felt like suddenly they were prisoners.

Sort of speaks as to Israeli aggression, how they are viewed by the world, them being in the wrong, of course.
 Quoting: Spirited One

5a

WEEEELL maybe they just are criminals under Int Maritime Law and her feelings would then be definitely in order don't you think?
Anonymous Coward
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05/30/2010 09:54 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
I wonder how many terrorists and bomb making materials are on that flotilla?


It's only humanitarian aid, silly.

:txwhsm:



You say that sarcastically. What are you, evil as well as brainwashed?


You can't seem to stay away from me, can you?

What do you think of the Egyptian blockade?
 Quoting: TXGal4Truth

i have to ask how much are egypt is been paid??
Anonymous Coward
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05/30/2010 09:54 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
isreali swine better not torture those humanitarian aid workers. one of them is a dear friend.

one of them is my family.
 Quoting: Anonymous Coward 987101

You do know what happened to Rachel Corrie right?
Mujahid

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05/30/2010 09:55 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
And just so that you know, I don't believe in the RAPTURE. TY
 Quoting: TXGal4Truth


scratching
Anonymous Coward
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05/30/2010 09:56 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
who cares,us ocean dead.non issue,the earth and all its life is doomed lol
 Quoting: Anonymous Coward 979048


Yeah who gievs a damn about a couple of boats.



We got real DOOM in the Gulf.
Spirited One

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05/30/2010 09:56 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Man are you a screwy broad. You bump Israeli propaganda? WHY?

Give your head a shake woman.


And you've done nothing but insult me on almost every thread that has to do with Israel and Palestine.

Who's the screwy broad?

I have a right to my own opinion as you have a right to yours...draw a bridge and get over it.
 Quoting: TXGal4Truth




That's because you happen to be on the same threads as me. Don't flatter yourself. Also, your agenda to defend Israel's war crimes have made me jaded where you are concerned. I wonder, though you won't answer. How can you defend the murder of 500 children? How can you defend Israel's war crimes, and crimes against humanity? How can you defend dropping white phosphorus over defenseless civilians heads? How can YOU justify the wanton destruction of homes, schools, hospitals, mosques? You consider the deaths of 500 children tantamount to self defense?
~~~~~~~~~~~~~~~
"It is no measure of health to be well adjusted to a profoundly sick society."

~KrishnaMurti
~~~~~~~~~~~~~~~

"The lie tastes sweet at the beginning, but bitter at the end.

The truth tastes bitter at the beginning, but sweet at the end."

Buddha

~~~~~~~~~~~~~

FREE FREE PALESTINE
TXGal4Truth

User ID: 864252
United States
05/30/2010 09:56 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
And just so that you know, I don't believe in the RAPTURE. TY


But you don't deny that Israel uses propaganda to exploit Christians into supporting them for religious reasons. If Israel goes down, the world world will come to an end, isnt that what they tell Christians?
 Quoting: Anonymous Coward 714023


Where do you get your information? You think I want the world to end? Goodness dear, I have young children whom I want to live long, happy, healthy lives.

You people assume wayyyyy too much.
So have I now become your enemy for telling you the TRUTH? Galatians 4:16
************************************
“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” ~Isaac Newton
************************************
We are called to be BOLD. ~Joshua 1:9~
************************************
You call me paranoid. I call you uninformed.

:tgdmwt:
Magnus Grievous

User ID: 951548
United States
05/30/2010 09:56 PM

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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Al Jazeera reported late Sunday

and that's when I should have stopped reading. After all they don't have a horse in this race.
"When you come to behead me, be careful not to bruise the face."
Anonymous Coward
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05/30/2010 09:56 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Looks like the Israelis are really scared of these boats carrying medical aid to Gaza, I hope they don't use cluster bombs and white phosporous on them just to show how powerful and threatened they are
 Quoting: Anonymous Coward 878385

i thinking uss liberty
Anonymous Coward
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05/30/2010 09:57 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Fuckin pirates.

The Us need to BOMB the criminal state of Israel
Anonymous Coward
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05/30/2010 09:57 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
Man are you a screwy broad. You bump Israeli propaganda? WHY?

Give your head a shake woman.
 Quoting: Spirited One

A typical hasbara operator. She probably gets paid by the post, LOL.
Blueacres

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05/30/2010 09:58 PM
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Re: BREAKING --- ISRAELI WARSHIPS MAKE CONTACT WITH FLOTILLA ! ! !
""Israel likely lost the battle over the flotilla of international aid ships on their way to the Gaza Strip even before the activists left their home countries and gathered in Cyprus late last week.
From a global media perspective, the story is pretty clear. Hundreds of international activists, some of them parliamentarians from Europe and Israel, are trying to bring thousands of tons of supplies to the Gaza Strip, and Israel is stopping them.
For the international media and its consumers, the reasons behind Israel’s decision do not make much of a difference, since what Israel is doing fits the way it is already widely perceived – as a violent aggressor abusing a weak and poor Palestinian people.
In its defense, Israel, this time, did not stand by idly as it was slammed throughout the world. It launched a diplomatic initiative aimed at explaining to the world why it planned to stop the ships.
First, it made the claim that the Gaza Strip was not suffering from a humanitarian crisis and that the thousands of tons in supplies that the ships were carrying were not really needed, since it was all already supplied to the Palestinians by Israel. The IDF went so far as to invite media down to the Kerem Shalom crossing to videotape the hundreds of trucks that transfer supplies daily from Israel to Gaza. At the same time, Israel offered to transfer the shipments on the boats to the Gaza Strip after they were unloaded at the Ashdod Port and inspected.
Next, it tackled the delegitimization effort. Stories were leaked by the government to the press about the Turkish Humanitarian Relief Foundation (IHH), the Turkish organization that is behind the flotilla, described as a “radical Islamic organization” that was outlawed by Israel in 2008 for allegedly serving as a major component in Hamas’s global fund-raising machine.
In addition to this effort, the long-standing claim was restated that if this flotilla were allowed to enter Gaza, it would open the door to unsupervised shipments that could contain not just flour, cement and medical supplies but also explosives, Kalashnikov rifles and Iranian-made, long-range Fajr-5 missiles.
In the end, though, none of this official Israeli counter-effort will really make a difference, since what will ultimately determine the impact of the flotilla saga will be the pictures and videotapes published and broadcast around the world.
All that is needed for the flotilla to “succeed” is a single picture of an Israeli soldier applying a headlock to an international activist. And no matter how hard Israel tries to block broadcasts from the ships, the pictures will get out. Facebook and Twitter are already full of snapshots, around-the-clock updates and even a live streaming video.
Israel had other options. One was to stop the ships far out at sea, inspect them, maybe even arrest a terror suspect or two if there were such aboard, and then let the ships sail freely into Gaza.
Another option was to simply let the ships through unchecked. In the absence of intelligence indicating that the ships were carrying arms, the risk might not have been that great. Yes, it could have paved the way for additional flotillas, but all of these could be inspected by the navy, which would be tasked with ruling out the possibility that arms were being smuggled in by sea.
Let’s not fool ourselves. Even if Israel allowed these ships and all such ships to dock in Gaza City’s harbor, it would still be accused of laying siege to the Palestinians in the Strip since, albeit along with Egypt, it controls the land crossings.
In the end, after all, the flotilla is just another chapter in an international campaign to chip away at Israel’s legitimate right to defend itself.

[link to www.jpost.com]

hf



bsflag
 Quoting: Spirited One


iamwith Lol, you're all just Communist shills anyway, who cares what you think, Braztard.

""In Brazil, according to the party-owned Global Times, China Development Bank (CDB), China Petroleum and Chemical Corporation (Sinopec) and Brazilian state-run energy giant Petroleo Brasileiro SA (Petrobras) signed an "oil-for-loan" agreement that stipulates that Petrobas will be committed to a 10-year oil supply (of roughly 200,000 barrels of oil per year) to Sinopec in exchange for $10 billion worth of loans from the CDB within the next ten years (Global Times, May 26; China Times [Taiwan], May 26).

In Argentina, CNOOC President Yang Hua commented, "Bridas, with a world-class oil and gas asset portfolio, is a very good beachhead for us [CNOOC] to enter Latin America. Through this transaction, we'll establish a fair presence in this region, which will further enable the Company's production and reserve growth in the future" (Oil Voice, March 14). Bridas also has exploration and production operations in Bolivia and Chile, and according to a CNOOC statement filed with Hong Kong’s stock exchange, it owns 40 percent of Pan American Energy LLC, an affiliate of BP Plc. (Business Week, March 14).

In Venezuela, China recently agreed to extend $20 billion of loans to Caracas, with the payment terms being $10 billion and 70 billion yuan ($10.25 billion). China and Venezuela will reportedly form a joint venture to operate the Junin-4 Block located in the Orinoco heavy oil belt, which is expected to yield 2.9 billion barrels of extra-heavy crude over the 25-year contract term (Global Times, April 20). According to Wang Peng, a Latin America researcher at the prestigious Chinese Academy of Social Sciences, the significance of the loan is that, "The 70 billion yuan fund will be a trial to internationalize the yuan. Given the large oil reserves and oil potential, the settlement of the deal in yuan will raise the Chinese currency’s position in oil trade" (Global Times, April 20)."" [link to www.jamestown.org]

hf
"Two roads diverged in a wood and I, I took the one less traveled by." The Road Not Taken — Robert Frost, 1916
[link to www.bartleby.com]

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