China buys into Vietnamese Oil

http://news.bbc.co.uk/2/hi/americas/7634871.stm
A million barrels a day is the goal for China, as it tries to buy into oil from one of the worlds biggest oil exporters. The goal is for Venezuela to reduce dependancy on American imports.
American dependancy is a weakness in many economies, but it's becoming more of a problem now that the American economy is actually collapsing. The government bailing out the economy means that demands for stocks will actually go down, because people lose confidence in that market and don't believe they will profit from using it.Finding a way to restore confidence in stocks could make this less of a problem. Oil prices going up all over the world bodes well for countries when they tap into their sources. A new country exporting oil leads to increased supply and therefore decreased price.
Interesting, that decreased prices and increased sales (because oil is always in demand) means that China can provide fuel for its industries to improve their production possibilities curves and also for its peoples motor vehicles to get the maximum use out of its infrastructure. Infrastructure is important because it allows people to get to jobs and use more space in the country. This deal really will benefit the Chinese in an obvious way. Venezuela is opening up their oil market and will definitely get decent prices for their oil in a modern world.
Venezuelan foreign exports are important, as it is still a developing country and anything that will jumpstart the economy will be looked for. The other thing probably will be that, China will also reduce American dependency. This deal between the two countries seems to have many benefits, but we have yet to see if it goes smoothly.
Here is the link to a political cartoon i found on the subject:http://us.tnpv.net/2006/CNN200608/CNN2006083046111_PV.jpg
http://www1.eere.energy.gov/vehiclesandfuels/images/facts/fotw194.gif The link above brings you to a graph of oil production and import/export rates. Accordingly China is gaining oil from imports and exports, whilst Venezuela is losing it. Notice that China's oil production rates are higher that that of Venezuela. China is obviously more in need of oil to fuel its industries and Venezuela needs the money it gets by selling its oil to develop itself as a nation.
It's a real indicator of the level of development of a country when you look at the way they use their resources (like oil). If they actually use their oil as opposed to selling it it usually means that production rates are high, as capitol requires fuel to fuel itself. Countries like Venezuela will probably use the money they make to build factories or develop their infrastructure, slowly moving towards the same state developed countries are in now.
It’s written in the article that Chavez has been visiting Russia a lot lately as well. Is it a coincidence that he is dealing with communist countries? Chavez is said to want to open new markets. He is trying to reduce market sizes with Capitalist countries and increase them with Communist (or previously communist) countries. It's almost as though he's splitting the world’s oil markets in half, like in the cold war.