Do We Want To Buy Canadian Oil From The Chinese?

[Jroc]

Buoyed by White House inaction, China's state-owned oil company has made a multibillion-dollar bid for a Canadian company with interests in Canada's oil sands — North American oil for the lamps of China.

'Do we really want to be buying our oil or Canadian oil back from the Chinese?" asked Sen. John Hoeven on Thursday as he reacted to news that China's state-owned oil company, CNOOC Ltd., had launched a $15.1 billion takeover bid for Canada's Nexen Inc., a company with operations in the Gulf of Mexico.

Our answer would be no. But it may happen, thanks to the Obama administration's indifference to developing energy resources anywhere on the North American continent or building the Keystone XL pipeline linking Alberta's oil-rich sands to refineries on the Gulf Coast.

"This is really a direct result of the administration's resistance to Keystone," Hoeven said. Hoeven, a Republican, represents North Dakota, where oil production is booming. The pipeline would carry some of that oil to southern refineries, bringing up to 20,000 immediate jobs and perhaps 10 times that many in an economic ripple effect.

Hoeven was joined by Senate Republican Leader Mitch McConnell to unveil a package of energy proposals that would allow for more drilling on government-owned land, reduce regulations, streamline drilling permits and approve the Keystone XL pipeline carrying oil from Canada.

Prior to Nexen, CNOOC has made roughly $6 billion in smaller acquisitions in recent years. It has most notably hooked up with Chesapeake Energy for a joint venture in the Eagle Ford Shale formation in Texas, and with Norway's Statoil in the Gulf of Mexico, an area where the Obama administration has placed draconian restrictions on U.S. drilling.

China's CNOOC Agrees To Buy Canadian Oil Firm Nexen - Investors.com

 

[Moonglow]

IBM is Chinese also.

 

[Jroc]

Obama creating jobs in China again

 

[Moonglow]

nothing in the least. It's called business as usual. All countries invest in other countries, nothing new.
Were you around when the Japanese were buying America during Reagan?

 

[Jroc]

nothing in the least. It's called business as usual. All countries invest in other countries, nothing new.
Were you around when the Japanese were buying America during Reagan?

Limiting our own energy production, not allowing keystone, Obama doesn't want American job,s he wants more cronyism. Let China drill in the gulf while we limit our own drilling sounds logical

 

[Mr. H.]

The ass-kicker comes in the guise of a pipeline named the "Alberta Clipper". Approved by Obama in 2009, sanctioned by the State Department, bragged upon by Hillary Clinton herself- a pipeline in similar size, scope, and logistics as the Keystone XL project.

Read for yourselves:

The Department found that the addition of crude oil pipeline capacity between Canada and the United States will advance a number of strategic interests of the United States. These included increasing the diversity of available supplies among the United States’ worldwide crude oil sources in a time of considerable political tension in other major oil producing countries and regions; shortening the transportation pathway for crude oil supplies; and increasing crude oil supplies from a major non-Organization of Petroleum Exporting Countries producer. Canada is a stable and reliable ally and trading partner of the United States, with which we have free trade agreements which augment the security of this energy supply.

Approval of the permit sends a positive economic signal, in a difficult economic period, about the future reliability and availability of a portion of United States’ energy imports, and in the immediate term, this shovel-ready project will provide construction jobs for workers in the United States.

Permit for Alberta Clipper Pipeline Issued

Obama is a study in contrasts. He's a child thrown into position and expected to do a man's job.
He is out of his league, over his head, and under water. He's run his course, worn out his welcome, and the novelty of a black President for the sake of a black President is passe.

 

[Moonglow]

Old Slomo is just an Obama hater.

 

[Mr. H.]

Shut the fuck up and address my post.

 

[Moonglow]

Why? The post is only for hanging the gate on.

 

[Mr. H.]

Bart!

 

[SayMyName]

I guess we'll end up buying it from wherever we can get it.

 

[freedombecki]

Buoyed by White House inaction, China's state-owned oil company has made a multibillion-dollar bid for a Canadian company with interests in Canada's oil sands — North American oil for the lamps of China.

'Do we really want to be buying our oil or Canadian oil back from the Chinese?" asked Sen. John Hoeven on Thursday as he reacted to news that China's state-owned oil company, CNOOC Ltd., had launched a $15.1 billion takeover bid for Canada's Nexen Inc., a company with operations in the Gulf of Mexico.

Our answer would be no. But it may happen, thanks to the Obama administration's indifference to developing energy resources anywhere on the North American continent or building the Keystone XL pipeline linking Alberta's oil-rich sands to refineries on the Gulf Coast.

"This is really a direct result of the administration's resistance to Keystone," Hoeven said. Hoeven, a Republican, represents North Dakota, where oil production is booming. The pipeline would carry some of that oil to southern refineries, bringing up to 20,000 immediate jobs and perhaps 10 times that many in an economic ripple effect.

Hoeven was joined by Senate Republican Leader Mitch McConnell to unveil a package of energy proposals that would allow for more drilling on government-owned land, reduce regulations, streamline drilling permits and approve the Keystone XL pipeline carrying oil from Canada.

Prior to Nexen, CNOOC has made roughly $6 billion in smaller acquisitions in recent years. It has most notably hooked up with Chesapeake Energy for a joint venture in the Eagle Ford Shale formation in Texas, and with Norway's Statoil in the Gulf of Mexico, an area where the Obama administration has placed draconian restrictions on U.S. drilling.

China's CNOOC Agrees To Buy Canadian Oil Firm Nexen - Investors.com

I can't believe the Democrats didn't screen their candidate in 2008. He's a walking talking disaster.

 

[uscitizen]

"CNOOC Ltd., had launched a $15.1 billion takeover bid for Canada's Nexen Inc., a company with operations in the Gulf of Mexico."

Umm how does this have to do with Canadian Tar sands/Keystone? This is gulf oil.


But be used for poloitical purposes if you want.

 

[Moonglow]

nothing in the least. It's called business as usual. All countries invest in other countries, nothing new.
Were you around when the Japanese were buying America during Reagan?

Limiting our own energy production, not allowing keystone, Obama doesn't want American job,s he wants more cronyism. Let China drill in the gulf while we limit our own drilling sounds logical

The policy of the Startegic reserve and limiting oil production on public land and many areas in the US was developed under Reagan. The idea is that we minimalize our oil extraction in the US and use other oil supplies, saving ours for war or when the ME cuts off oil.

 

[Jroc]

Buoyed by White House inaction, China's state-owned oil company has made a multibillion-dollar bid for a Canadian company with interests in Canada's oil sands — North American oil for the lamps of China.

'Do we really want to be buying our oil or Canadian oil back from the Chinese?" asked Sen. John Hoeven on Thursday as he reacted to news that China's state-owned oil company, CNOOC Ltd., had launched a $15.1 billion takeover bid for Canada's Nexen Inc., a company with operations in the Gulf of Mexico.

Our answer would be no. But it may happen, thanks to the Obama administration's indifference to developing energy resources anywhere on the North American continent or building the Keystone XL pipeline linking Alberta's oil-rich sands to refineries on the Gulf Coast.

"This is really a direct result of the administration's resistance to Keystone," Hoeven said. Hoeven, a Republican, represents North Dakota, where oil production is booming. The pipeline would carry some of that oil to southern refineries, bringing up to 20,000 immediate jobs and perhaps 10 times that many in an economic ripple effect.

Hoeven was joined by Senate Republican Leader Mitch McConnell to unveil a package of energy proposals that would allow for more drilling on government-owned land, reduce regulations, streamline drilling permits and approve the Keystone XL pipeline carrying oil from Canada.

Prior to Nexen, CNOOC has made roughly $6 billion in smaller acquisitions in recent years. It has most notably hooked up with Chesapeake Energy for a joint venture in the Eagle Ford Shale formation in Texas, and with Norway's Statoil in the Gulf of Mexico, an area where the Obama administration has placed draconian restrictions on U.S. drilling.

China's CNOOC Agrees To Buy Canadian Oil Firm Nexen - Investors.com

I can't believe the Democrats didn't screen their candidate in 2008. He's a walking talking disaster.

The Democratic party has been taken over by the far left Obama is one of them

 

[Jroc]

nothing in the least. It's called business as usual. All countries invest in other countries, nothing new.
Were you around when the Japanese were buying America during Reagan?

Limiting our own energy production, not allowing keystone, Obama doesn't want American job,s he wants more cronyism. Let China drill in the gulf while we limit our own drilling sounds logical

The policy of the Startegic reserve and limiting oil production on public land and many areas in the US was developed under Reagan. The idea is that we minimalize our oil extraction in the US and use other oil supplies, saving ours for war or when the ME cuts off oil.

Ronald Reagan's

Message to the Congress Transmitting the National Energy Policy Plan
July 17, 1981

The National Energy Policy Plan that I am sending you, as required by Section 801 of the Department of Energy Organization Act (Public Law 95-91), represents a break from the format and philosophy of the two National Energy Plans that preceded it.

Our national energy plan should not be a rigid set of production and conservation goals dictated by Government. Our primary objective is simply for our citizens to have enough energy, and it is up to them to decide how much energy that is, and in what form and manner it will reach them. When the free market is permitted to work the way it should, millions of individual choices and judgments will produce the proper balance of supply and demand our economy needs.

Overall, the outlook for this country's energy supplies is not nearly as grim as some have painted it, although our problems are not all behind us. The detailed projections, along with the supplementary documents on environmental and economic questions, are being submitted separately by the Secretary of Energy.

The approach explained in the basic National Energy Policy Plan cannot be divorced from the Administration's program for national economic recovery. Energy is one important aspect of our society, but it is only one.

This Administration's actions to end oil price controls and to dismantle the cumbersome regulatory apparatus associated with those controls demonstrate the intent stated in my February 18 economic message to minimize Federal intervention in the marketplace. Reforms in leasing policies and the removal of unnecessary environmental restrictions upon the production, delivery, and use of energy are part of this same effort to reduce bureaucratic burdens on all Americans

Ronald Reagan: Message to the Congress Transmitting the National Energy Policy Plan

 

[Moonglow]

In their zeal to promote their personal investment portfolios and serve their godfathers in the private sector, Republicans would like the American people to believe two lies about the Keystone Pipeline that is intended to transport synthetic crude oil and diluted bitumen (“dilbit&#8221 from northern Canada to the United States:

Lie #1: The pipeline will create 20,000 or more jobs. The truth: The U.S. State Department estimates it will only create 6,000 jobs and those jobs will only exist during the construction phase.

Lie #2: The construction of the pipeline will be in accordance with the highest standards of the industry. Keystone will not pose any danger to the environment or the communities that it will pass through. The truth: Mike Klink, a whistle-blower inspector on the Keystone XL phase of the pipeline, dares to differ.

After losing his job for complaining about shoddy construction practices, Klink shared his concerns in a courageous op-ed piece. His chilling opening two paragraphs sum up the worst fears of those critics who are concerned about the potential risks of a transcontinental pipeline that will pass through many communities, farmlands and environmentally sensitive pristine areas:


“I am not an environmentalist, but as a civil engineer and an inspector for TransCanada during the construction of the first Keystone pipeline, I’ve had an uncomfortable front-row seat to the disaster that Keystone XL could bring about all along its pathway…..”

“Despite its boosters’ advertising, this project is not about jobs or energy security. It is about money. And whenever my former employer Bechtel, working on behalf of TransCanada, had to choose between safety and saving money, they chose to save money.”

Klink knows first hand of what he speaks. As an inspector who was responsible for monitoring the pipeline’s construction, Klink has already witnessed more than a dozen spills at pumping stations that were covered up and not reported.

Couragous Whistleblower Exposes the Truth about XL Keystone Pipeline

 

[Mr. H.]

Obama hasn't managed to create 6,000 jobs in the last 3-1/2 years.

 

[Jroc]

World and U.S. Fossil Fuel Supplies - Agricultural Marketing Resource Center

 

[rdean]

If it doesn't come from this country, it's "foreign".