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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Resources Rare

Powerful interests are lining up at the doors of resource rich countries. China would like to buy Noranda and Unocal please. They are going all out in the grab for oil. Swiss-based Xstrata would like to buy Australia's largest uranium producer WMC Resources.

Canada is used to selling its resources and recenlty struck a deal with China over oilsands and uranium development.

Russia is reacting to the global demand for commodities by restricting foreign ownership.

Hopefully everyone will be able to find a way to share resources in the global sandbox and avoid fighting.

Not Advice

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