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War with Canada? U.S. Deems Chinese Canadian Energy Purchase National Security Risk.

 
Anonymous Coward
User ID: 19420840
United States
10/04/2012 08:26 PM
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War with Canada? U.S. Deems Chinese Canadian Energy Purchase National Security Risk.
U.S. congress...

Why is Congress so concerned?

Well, quite aside from citing “national security,” given that China-bashing is currently a hot topic in Washington because of the upcoming presidential election, the U.S. government issued some of Nexen Inc.’s leases under a mid-1990s federal incentive program under the Bush administration Deep Water Royalty Relief Act that offered royalty-free production in exchange for drilling in deep Gulf of Mexico waters.


China National Offshore Oil Corp.’s proposed buyout of Canada’s Nexen Inc. Nexen Inc., an oil and gas company based in Calgary, Alberta, has worldwide operations including the North Sea, Colombia, the Gulf of Mexico, and Alberta's Athabasca Oil Sands.

Further north, the picture is more unclear, as the government of conservative Prime Minister Stephen Harper has been assiduously courting Chinese investment in the country’s energy sector. Earlier this year, when the Obama administration blocked the implementation of the controversial Keystone XL pipeline, Harper played the “China card” by threatening to sell Alberta’s oil sands output to China.

Which brings up an interesting question – what if Washington blocks the deal while Canada approves it?





[link to oilprice.com]
Anonymous Coward
User ID: 24971988
Canada
10/04/2012 08:37 PM
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Re: War with Canada? U.S. Deems Chinese Canadian Energy Purchase National Security Risk.
U.S. congress...

Why is Congress so concerned?

Well, quite aside from citing “national security,” given that China-bashing is currently a hot topic in Washington because of the upcoming presidential election, the U.S. government issued some of Nexen Inc.’s leases under a mid-1990s federal incentive program under the Bush administration Deep Water Royalty Relief Act that offered royalty-free production in exchange for drilling in deep Gulf of Mexico waters.


China National Offshore Oil Corp.’s proposed buyout of Canada’s Nexen Inc. Nexen Inc., an oil and gas company based in Calgary, Alberta, has worldwide operations including the North Sea, Colombia, the Gulf of Mexico, and Alberta's Athabasca Oil Sands.

Further north, the picture is more unclear, as the government of conservative Prime Minister Stephen Harper has been assiduously courting Chinese investment in the country’s energy sector. Earlier this year, when the Obama administration blocked the implementation of the controversial Keystone XL pipeline, Harper played the “China card” by threatening to sell Alberta’s oil sands output to China.

Which brings up an interesting question – what if Washington blocks the deal while Canada approves it?





[link to oilprice.com]
 Quoting: Gonviral


Harper told Obama that if he nixed the pipeline then he was taking the oil to the Chinese. This is part of the fallout. The Chinese want to profit from all distribution levels of oil going to their country.

Obama really is a dumb cunt and if Canada approves it and the US doesn't...well too fucking bad.
Anonymous Coward
User ID: 22717690
Canada
10/04/2012 08:41 PM
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Re: War with Canada? U.S. Deems Chinese Canadian Energy Purchase National Security Risk.
U.S. congress...

Why is Congress so concerned?

Well, quite aside from citing “national security,” given that China-bashing is currently a hot topic in Washington because of the upcoming presidential election, the U.S. government issued some of Nexen Inc.’s leases under a mid-1990s federal incentive program under the Bush administration Deep Water Royalty Relief Act that offered royalty-free production in exchange for drilling in deep Gulf of Mexico waters.


China National Offshore Oil Corp.’s proposed buyout of Canada’s Nexen Inc. Nexen Inc., an oil and gas company based in Calgary, Alberta, has worldwide operations including the North Sea, Colombia, the Gulf of Mexico, and Alberta's Athabasca Oil Sands.

Further north, the picture is more unclear, as the government of conservative Prime Minister Stephen Harper has been assiduously courting Chinese investment in the country’s energy sector. Earlier this year, when the Obama administration blocked the implementation of the controversial Keystone XL pipeline, Harper played the “China card” by threatening to sell Alberta’s oil sands output to China.

Which brings up an interesting question – what if Washington blocks the deal while Canada approves it?





[link to oilprice.com]
 Quoting: Gonviral


Harper told Obama that if he nixed the pipeline then he was taking the oil to the Chinese. This is part of the fallout. The Chinese want to profit from all distribution levels of oil going to their country.

Obama really is a dumb cunt and if Canada approves it and the US doesn't...well too fucking bad.
 Quoting: Anonymous Coward 24971988


does this mean they are going to buy more homes in Canada thus spiking the prices up even more than they already are??? noooooooooooo

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