I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
After Japan,China is the third largest oil consuming country. This has led to oil partnerships with countries in latin america (LatAm): Brazil, Venezuela, Ecuador, Argentina, Peru and Colombia. Venezuela would be exporting 1 000 000 barrels of oil b 2013 same amount that exports to USA; In May of 2009, in return for a Chinese loan of US$ 10 billion, Brazil signed an agreement with Beijing to provide as many as 200,000 barrels a day, at market prices for the next ten years. Now China imports more brazilian commodities than united states; Other latin american countries are seeing the benefits of doing business with China and are considering to export their resources to China...Chinese presence in Latin America is getting stronger while the USA influence is waning due to its insistence of engaging in wars in the middle east.
After Japan,China is the third largest oil consuming country. This has led to oil partnerships with countries in latin america (LatAm): Brazil, Venezuela, Ecuador, Argentina, Peru and Colombia. Venezuela would be exporting 1 000 000 barrels of oil b 2013 same amount that exports to USA; In May of 2009, in return for a Chinese loan of US$ 10 billion, Brazil signed an agreement with Beijing to provide as many as 200,000 barrels a day, at market prices for the next ten years. Now China imports more brazilian commodities than united states; Other latin american countries are seeing the benefits of doing business with China and are considering to export their resources to China...Chinese presence in Latin America is getting stronger while the USA influence is waning due to its insistence of engaging in wars in the middle east.
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