China Makes an Oil Deal With Brazil

Brasilia, Brazil

While the Western nations are having problems, some places are continuing to take steps to greatly improve their economic futures. Notice the following:

Brazil agrees to supply crude oil to China

Associated Press

BRASILIA (AP_ Brazil says it has agreed to supply up to 100 million barrels of crude oil a day to China in a deal that involves a loan of up to $10 billion.

The agreement was announced Thursday after President Luiz Inacio Lula da Silva met with Chinese Vice President Xi Jinping.

A memorandum of understanding says Brazil’s state-run energy company Petrobras will supply the crude, which will be refined by two Chinese state-owned enterprises, China Petroleum & Chemical Corp. and the China National Petroleum Corp.

Local media say Petrobras Brasileiro SA will use the loan to develop deep-water oil reserves recently discovered off the Brazilian coast. But Petrobras Chief Executive, Jose Sergio Gabrielli says the money could be used for other purposes.

(Note: The AP reporter apparently got the quantities too high as other reports state that in addition to the exploration partnership, the deal signed between Petrobras and Sinopec includes the supply of 60,000 to 100,000 barrels of oil per day in the current year.)

China and Brazil are both emerging as nations that are becoming major economic players on the world scene.

China has money and industrial capacity now, and Brazil has resources, as well as industrial capacities of its own. These nations, despite problems that they have (and will experience) are biblically expected to do much better than the Anglo-American nations during the great tribulation.

While in the past, one would think a nation like the USA would be lending Brazil money, the USA instead has to also borrow money from China.

The era of Anglo-American dominance is not yet over, but is coming to an end.

Some articles of possibly related interest may include:

Mexico, Central America, South America, and Brazil in Prophecy [Español: México, America Central, Suramérica, y el Brasil en profecíal] [Português: México, América Central, Ámérica do Sul, e Brasil na profecia] What will happen to those of Latin America? Will they have prosperity? Will they cooperate with Europe? Will they suffer in the future? What rule might the various Caribbean nations/territories play?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
End of Mayan Calendar 2012–Might 2012 Mean Something? There is a Mayan calendar prediction for change in 2012. 2012 changes were also centuries ago predicted by the Hopi Native Americans (the Hindus may have some predictions for the next decade as well). Do these Mayan/Hindu/Hopi prophecies have any value? Why might Satan have inspired this date? Does the Dresden codex show destruction of the earth by flood? Can the great tribulation start before 2012?
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
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Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? When does the six thousand years of human rule end?
Can the Great Tribulation Begin in 2009, 2010, or 2011? Can the Great Tribulation begin today? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord?