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BP Prudhoe Bay Royalty Trust Message Board

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  • vickersviscount vickersviscount Jun 20, 2006 11:33 AM Flag

    China deal with Saudi Arabia

    Not only Saudi's, but the front page of the Financial Times this morning - lead story - is "China's quest in Africa". . .basically a 7 day tour by Chinese Premier to lock up oil contracts. . .Bottom Line - day to day prices changes in oil are irrelivant, due to storms, Iran, etc. . .the long term floor under oil prices is China.

 
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