BRICS Prepare For Fiat Collapse

…At the end of the first term of the Obama administration the Chinese government began purchasing oil and natural gas resources worth billions through the China National Offshore Oil Corporation (which is owned by the Chinese government) and Sinopec Corporation (the Chinese government owns the most stock in this corporation).

Obama offered the Chinese government a third of any new petroleum uncovered in the Chesapeake Bay. Those deposits are estimated to produce 500,000 thousand barrels of oil per day. Sinopec has been promised financial rewards from profits in states like Louisiana, Texas, Michigan, Ohio, and Oklahoma. The fracking endeavors by Niobrara Shale are nearly guaranteed to pay out financially for CNOOC….

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