LGX Oil + Gas Inc ROAOF

RE: think of these facts

[skydiver069]

--original-- US consumes 22 million bbls/day population 300million ASIA consimes 20 million bbls/day population 3.5 BILLION. --end-- Interesting article out today that talks about China needing resources (primarly minerals, but..)... See below. OTTAWA, Jan 12 (Reuters) - Canada said on Wednesday it was likely to export more resources to China but it also said it would press Beijing to lift what it called unfair restrictions on Canadian mining companies. Minmetals Corp, China's state-controlled metals trading giant, is in talks with Canada's Noranda Inc about a possible takeover of the Canadian company. Chinese officials have also expressed an interest in Alberta's rich oil sands. "Obviously China needs resources and it needs resources from wherever in the world it can get them," a senior government official told reporters ahead of a visit to China by Prime Minister Paul Martin set for later this month. "We will continue to sell -- and probably increase the volume of -- resources of all descriptions which we sell to China," he said. The official would not comment directly when asked about a story in the Wall Street Journal last week that said the two countries were close to a general agreement on Chinese investment in Canadian oil resources. Instead, he said Martin would be signing a Canada-China framework on cooperation and would "discuss with his Chinese counterparts the question of cooperation in the energy and mineral sectors". He also said Canadian mining companies were keen to sell their expertise in China, particularly on extraction of resources from challenging or seemingly unpromising deposits. "The important thing which we have which probably gives us a particular advantage is the expertise we have, rather than the product. You can buy oil from many countries and it doesn't really matter to the user," the official said. Martin will also address complaints by Canadian mining companies over Chinese curbs on which firms they can invest in and what deposits they can mine. "We believe that as China is a full member of the World Trade Organization ... it has to address its international investment strategy, recognizing that it cannot expect that over the long haul it can maintain restrictions which make it difficult for foreign investors," the official said. "What we want to achieve on the investment front with China is a more open market for Canadian and other investors. We would also hope that over time there would be fewer state-owned enterprises and greater privatization ... those are certainly messages which the prime minister is going to deliver."