India In Latin America

**CHUQ** · Agitator Thanks: 0 Thanked 0 Times in 0 Posts votes: 3

India is schmoozing some of our nemises in Latin America. How will this play out in the New Cold War?

It is no revelation to say that India, as it begins to bloom as a global power, is adopting a China-like posture in its search for new oil suppliers. New Delhi's quest for energy supplies, as well as other extracted resources, has brought the Asian powerhouse to the Western Hemisphere, and to Washington's attention. India is befriending potential oil suppliers, be it Mexico or Venezuela, Cuba or Canada. Even more interesting are New Delhi's approaches to Cuba regarding the island's possible oil reserves. It seems clear that India is hungry for guaranteed oil sources in order to maintain its booming economy's momentum and its growing geopolitical influence, and in Latin America it is finding these potential suppliers and new friends.

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**Tumbleweed** · Admin Thanks: 0 Thanked 0 Times in 0 Posts votes: 4

Quote:

although his ability to find an immediate alternative market is complicated because most refineries capable of processing Venezuela's heavy crude are located in the United States.

That seems to be the biggest stumbling block. If other countries build refineries to handle the heavy crude, we will be forced to look elsewhere for oil to replace imports from Venezuela.

**CHUQ** · Agitator Thanks: 0 Thanked 0 Times in 0 Posts votes: 3

There, IMO, is the resal story. Chavez is looking to cut out the middle man, and that is just unacceptable to the US.

**Tumbleweed** · Admin Thanks: 0 Thanked 0 Times in 0 Posts votes: 4

Well, this is just my own thoughts on this but if we were to lose the oil we get from Venezuela it may be the wake up call we need to get a good conservation plan together to cope with losing 15% of our supply.

**CHUQ** · Agitator Thanks: 0 Thanked 0 Times in 0 Posts votes: 3

IMO, they are already looking at other options. Nigeria is not stable at all and we get about 20% of our oil from them. So if you put all this together, the Iraqi oil Law looks like the most prudent way for the US to go. I do not agree with it, but that is the way it looks to me.