I think Trump actually might have made a deal...

[Wounded Bear]

Just heard something on MSNBC that piqued my interest.

Apparently, China just announced that they think there is a lot of oil in Chad.

https://www.reuters.com/article/chad-cefc-oil/china-cefc-acquires-stake-in-chad-oil-blocks-from-taiwans-cpc-idUSL3N1BL3RA

SHANGHAI, Sept 13 (Reuters) - Privately run CEFC China Energy has agreed to acquire a 35 percent stake in oil blocks in Chad from Taiwan’s state-owned Chinese Petroleum Corp for about $110 million, according to CEFC company executives.

The deal, although small, marks CEFC’s first completed transaction in upstream oil exploration and production as it aims to build a vertically integrated energy business that also includes oil refining and fuel retailing, two company officials told Reuters.

Production from the three oil blocks in Chad is expected to start by end-2017 or early 2018, with initial output at 6,000 barrels per day (bpd), with the potential to rise to 20,000 bpd in 2019.

“These are types of assets that large oil firms tend to overlook. But for us, it’s a small but very good start, with attractive returns,” said a CEPC official, who declined to be named due to company policy

So, we cut off travel to Chad. Chad withdraws assets from Niger. We get attacked. Meahwhile, China is making a significant move into Sub-Saharan Africa. All this in parallel with our negotiations to get China to tighten the screws on NK.

As Gibbs would say: Rule 39: "There is no such thing as coincidence." - revealed in Obsession (episode)

[delisen]

1. seems like a very bad deal.

[Wounded Bear]

5. I didn't say it was a good deal...

[delisen]

6. Understood. I liked your analysis.

[unc70]

2. Interesting mainland China company bought from Taiwan

[genxlib]

3. That is a ridiculously small deal for oil

What are they going to do with 6-20k barrels a day? Even small tankers hold hundreds of thousands of gallons and small pipelines can carry 10x that much per day.

It seems like too small of an amount to actually use effectively. Especially since it is in the middle of a huge continent.

[angrychair]

4. Gibbs rules

http://www.ncisfanwiki.com/m/page/NCIS%3A+Gibbs%27+Rules

[Wounded Bear]

11. I have a different link...

but it's all good.

[coolsandy]

7. ISIS birthday cake. They will be waiting.

[Sunlei]

8. very interesting observation. The deal does include "oil refining and fuel retailing"

Selling to locals and refined fuel in place for any business/military ventures in Chad/Niger.

Sounds like a small deal on paper but who measures the amount of crude/refined/retailed gas- China?.

[Achilleaze]

9. Yet another fail for the Republican draft dodger in chief

What a loser. Republicans are steadily and systematically weakening America. Very dangerous. Sad.

[onecent]

10. EVERYBODY GET THE HELL OUT OF CHAD!!!!!!!!!!!!!!!!!!!!!!!!!!!

[milestogo]

12. China is all over Africa

and they tend not to care much about human rights.