We had better get used to high gas prices
Houston, TX (PRWEB) September 17, 2005
Americans are suffering at the gas pump while U.S. oil companies recover from Hurricane Katrina. Although the American public is focused on the devastation in New Orleans and Mississippi, China stock expert Jim Trippon says, "AmericaÂs next oil crisis is quietly brewing already and that crisis is with China."
Most American's will remember the recent news of China's attempt to purchase Unocal. According to Trippon, the multi-billion dollar deal, which was called off due to vocal Congressional opposition, is only a foretaste of the coming global competition for oil reserves. Trippon cites as proof the deal announced this week that ChinaÂs two largest oil companies will buy the assets of CanadaÂs EnCana in Ecuador for $1.42 billion.
Chinese President Hu Jintao, recently speaking at the United Nations, urged heads of state to work together for energy market stability. However, Trippon notes that it is only natural to expect that China will pursue the "economics of self interest" in an era of rapid economic growth and sky high oil prices. Trippon points at ChinaÂs policy of "Energy Security" as a possible reason for China quietly buying oil reserves while America is focused on its recent hurricane.
Trippon feels the mainstream investment community has overlooked the importance ChinaÂs growing power in world energy markets and what it will mean for American consumers at the pump. "We had better get used to high gas prices," says Trippon. Trippon, an investment consultant to some of America's wealthiest families, is also the editor of the China Stock Digest.
The China Stock Digest which will launch in December 2005, is a new monthly publication that focuses on helping individual investors and business people understand and profit from ChinaÂs economic trends and rapid growth.
Trippon is available for media interviews on short notice. For further information or to schedule an interview with Jim Trippon, contact Amal Zaid at 713-661-3806 or reach Trippon directly 24/7 at 713-498-8849.