Tuesday, February 02, 2010

Connect the Dots. Venezuela - China - Li Ka Shing- Husky Energy

Husky Energy (TSE:HSE) will be interesting to watch of what is not spoken of. They have significant midstream operations encompassing the upgrading of heavy crude oil into premium synthetic crude oil. In Canada that means the Oil Sands. They are substantially controlled by Hutchinson Whampoa and Li Ka Shing with all the obvious and not so obvious connections to the Chinese Political Elite. The Venezuelan Energy & Oil Minister Rafael Ramirez is in Beijing according to the Wall St Journal and meeting with Cnooc, (China National Offshore Oil Corporation ) China National Petroleum Corp. and China Petrochemical Corp., or Sinopec Group as well as meeting officials with state economic planner, the National Development and Reform Commission, and China Development Bank.

Other than a huge demand and large bank account the Chinese need to bring heavy oil expertise to the table.