Athabasca Oil Sands announced that, subject to certain customary approvals, it has entered into a series of agreements with PetroChina International Investment Company Limited (PetroChina International), a wholly-owned subsidiary of PetroChina Company Limited (PetroChina), pursuant to which PetroChina will acquire a 60 per cent working interest in AOSC’s MacKay River and Dover oil sands projects for a consideration of Cdn $1.9 billion.
What, China fears investing in the US is becoming too risky?
“The Enbridge Northern Gateway Project involves a new twin pipeline system running from near Edmonton, Alberta, to a new marine terminal in Kitimat, British Columbia to export petroleum and import condensate.”
http://www.northerngateway.ca/
Obummer, looks like you’ve been sided, but now you can tell your adoring flock you’ve taken care of Canada’s dirty oil. Buy scooters. Lots of ’em.
On the bright side, the Chinese can burn oil and not have to worry about their carbon footprint.
The Americans, on the other hand, would have to don a hair shirt and pray to Gaia for forgiveness.
This will be unlikely to affect China’s coal use.
Much too much of China depends upon Coal much like the US but much like the US, China depends upon Oil imports….and like the US is seeking a stable, dependable source.
The bonus for China is that there are no pirates in Kitimat.
I’m a firm believer that oil should be traded on the world market to the highest bidder. If that is China, so be it. Regarding Marxists and Marxists lite – if they use cash then thats good enough to buy the oil from Alberta. We like cash and don’t discriminate between shades of red. Cheers.
“The bonus for China is that there are no pirates in Kitimat.” yet…
Anybody seen Relic lately?
Relic, he dead.
i suppose the chinese had to go somewhere after their inside deal with ForLorne Calvert dropped with his government.
No. Let’s refuse the sale and help cripple China, thereby eliminating one of the world’s worst human rights abusing dictatorships.
I, for one, welcome our Chinese overlords.
This scares the bejebees out of me. I guess we have to try any port in a storm, but a legitimate company from China? Give me a break. I hastily tried to find a link to one of the several articles that have appeared over the last decade on the involvement of the PLA in the business world. To the Chinese Army, war can be fought using whatever means including business.
This link is a hastily aquired one.
***http://www.encyclopedia.com/doc/1S1-9199405240182974.html .
With China currently stable it seems a more reliable customer than The USA which is currently infected with an insane administration…..and perhaps an impending civil war….
The Civil War II begins on September 12th – as soon as Obama orders ACORN to disrupt the tea parites. I suspect there will be a few deaths that day.
Knowing the rate at which the Americans have been stockpiling weapons, ammunition and reloading supplies, it sucks to be on the left side.
China is using all those hundreds of billions of greenbacks to buy things that will retain value before the bottom falls out. If I were you Canucks, I would double the price, they would still buy.
We finally came up with a backup for when the wind doesn’t blow, btw. Unicorns in traces will keep the fans spinning.
I wonder if they will only hire chinese workers?
This is good news for Alberta. Having options for sales is good. Monopsony is bad. The pipeline project would be another huge boon to the northern Alberta & northern B.C. economies. No doubt the usual foghorns will object. But if the stakeholders, including native landholders can be brought on board, it could be a bonanza.
“Relic, he dead.”
I guess that means his job is up for grabs then…
A Job; A Job; my freedom for a Job.
***http://www.smalldeadanimals.com/archives/009333.html***
“What, China fears investing in the US is becoming too risky?
Posted by: Aaron at September 3, 2009 11:01 AM ”
Aaron…why invest,when you can lend the Owe a few trillion bucks? Just think. By 2012, the Chi-coms might just own 51% of the USofA in loans they are owed. Egotiscal,racist,socialist Owe is very easy to fool.Who says you need a multi-million man army?
Gunney99,
It almost sounds as if you read the same book I read a few months ago: “THE COMING CHINA WARS “Where they will be fought and how they can be won” (Peter Navarro). Your post is completely valid and supported by the author’s views on this scary issue.
Garry; actually what started me on China and their Military intentions is the Readers Digest of all places, and Western Standard (and Sun Tsu). I will read your book. It sounds intriguing.
Gunney99,
RD is always a good read. I’m sure you will enjoy Navarro’s book..if not I’ll reimburse the cost! He has others (Google him up to see) though I’ve only read this one, which was recommended by a good friend. And the title attracted me.
I found, having read it, that the template of Chinese military/business/foreign policy (as reported by good networks and periodicals) became starkly visible. As you stated we should be wary.
Hopefully a future thread will allow you to indicate whether you thought the book’s theme was valid. I did.
Cheers.
has anyone seen Mau Tse Strong lately. Wouldn’t surprise me if he has a finger in this pie.
Mau Tse Stong, probably senile by now.
I suspect he’s done all the damage he could in a lifetime.
And what will the first American Prime Minister in Waiting say? He advise re Darfur led to Harvard selling its shares in Petro China…so how can he now stand by and let Petro China invest in Canada?
I’m not opposed or for, I am just curious as to how Iggy wwould square this circle. Especially now that he is going to China.
Wonder what his answer is, Diefenbaker used to call it being “muigwumped” when your mug is on one side of a fence and you wump is on the other.
Tim is right. The Canadians have to get while the getting’s good and hope they don’t run into Australian type problems with China’s situational understanding of the rule of law.
In the meantime, my government, ‘Pubs and the rest, are busy worrying about pork barrel bulls’t while China corners major markets in critical commodities. Nero’s got nothing on U.S. politicians.
“…while China corners major markets in critical commodities.”
Mazzuchelli understands the reality…it’s called economic warfare and it’s effects are longer lasting that the mere death of a soldier or two.
Be very, very concerned with any dealings with the Chinese…very concerned!