Watching Government - Canada and China

01/17/2005
Many US oil executives and officials will be watching Canadian Prime Minister Paul Martin Jan. 14-23 as he swings through energy-hungry Asia, eager for deals in what everyone knows is a seller's market—and a growing one at that."Given its accumulated hard-currency reserves, China is likely to be an increasing source of capital as it seeks to secure the resources the Chinese people will need," Martin told the Canada-China Business Council last month. Among other things, that means growing competition in the oil market.US supplierCanada ranks among the top suppliers of crude oil and petroleum products to the US.Interest in Martin's visit to Beijing Jan. 20 will center on the p...
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