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Thread: PetroChina buys entire Alberta oilsands project

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    Re: PetroChina buys entire Alberta oilsands project

    We put 10% ethanol in the nations gas supply. That should fix this whole situation up.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Temporal View Post
    PetroChina buys entire Alberta oilsands project - Business - CBC News

    Canada is the #1 supplier of oil to the United States, and now Canadian oil projects are owned and operated by the Chinese. Gotta love the irony.

    I think it's a serious error in judgment for the Canadian government to abandon its "51% Canadian" policy, seeing as how no North American nation owns any stake in the tar sands. I really feel that both the U.S. and Canada are being devoured by foreign interests.
    President Obama was told directly and in very clear terms by the Canadian PM a couple of months ago that if the Americans did not build the Keystone pipeline that Canadian oil would be sold to the Chinese. The United States was given every opportunity to get in on it it but could not make a timely decision. It had stalled for years, cost Canadians billions, and then Obama delayed approval further until after the next election.

    There are many foreign companies operating in Canada, American among them, but Canadians get royalties on ever barrel brought out of the ground. Who runs them and gains the profits, while following strict environmental laws, is less important than getting those royalties.

    Personally I'd rather see that oil heading south to American refineries though the Keystone Pipeline and providing a secure source of oil, as well as 20,000 American jobs. But in a national moment of light-headed foolishness the American people voted in a schmuck as a president. They had better seek out those "alternative sources of energy" real quick. Maybe China will lend the Obama Administration more money to keep looking.

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Temporal View Post
    PetroChina buys entire Alberta oilsands project - Business - CBC News



    Canada is the #1 supplier of oil to the United States, and now Canadian oil projects are owned and operated by the Chinese. Gotta love the irony.

    I think it's a serious error in judgment for the Canadian government to abandon its "51% Canadian" policy, seeing as how no North American nation owns any stake in the tar sands. I really feel that both the U.S. and Canada are being devoured by foreign interests.
    Allowing another to control your most critical resources is never clever. Of course, a lot of people complaining about China's "unfair trade" practices are really just angry they can't apply a similar arithmetic to China's critical resources like has been done in places like Nigeria.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Frolicking Dinosaurs View Post
    Maybe now the US will get serious about getting off oil and moving toward a renewable energy source we can make in-house.

    The handwriting has been on the wall for decades - Jimmy Carter saw it back in the 1970s and tried to implement a plan to avert the US being hostage to countries that control oil. The oil industry was not having it and started contributing heavily to political campaigns creating a second mess we are still dealing with today.
    It's called coal and natural gas.

    We have a couple hundred years worth.

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    Re: PetroChina buys entire Alberta oilsands project

    Oil is a dwindling resource. I have long believed that the US has been playing the long con, so that when the rest of the world ran out of oil, we'd be the only game in town.

    In the land of the blind, the one eyed man has all the oil that's left. We've been planning for the end-game all along.
    "Political speech and writing are largely the defense of the indefensible. . . . Thus political language has to consist largely of euphemism, question-begging and sheer cloudy vagueness."
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    Re: PetroChina buys entire Alberta oilsands project

    [QUOTE]
    Quote Originally Posted by Demon of Light View Post
    Allowing another to control your most critical resources is never clever.
    But the Chinese will not control the resources. There many foreign investors involved in Canada, just as their are in many other nations, but all of this is quite controlled with a great many restrictions and regulations. All it does really is make China's supply more secure.

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Gonzo Rodeo View Post
    Oil is a dwindling resource. I have long believed that the US has been playing the long con, so that when the rest of the world ran out of oil, we'd be the only game in town.

    In the land of the blind, the one eyed man has all the oil that's left. We've been planning for the end-game all along.
    I can't see any clear advantage in this scenario. What would be the point?

    There is also the risk that other countries will have then moved on to new technologies while the US has the market cornered on the equivalent of whale oil.

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Grant View Post
    There is also the risk that other countries will have then moved on to new technologies while the US has the market cornered on the equivalent of whale oil.
    Well that is true of course, but according to some on the right investing in alternative energy is "socialism".

    So I dunno.

    (and before you get super serious, I'm of course being somewhat sarcastic).

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by GPS_Flex View Post
    And we need more clean coal power plants.
    The term "clean coal" is an oxymoron. At the present time, it is nothing more than an advertising slogan that is part of a larger campaign, paid for by special interests.
    Last edited by danarhea; 01-08-12 at 09:11 AM.
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    Re: PetroChina buys entire Alberta oilsands project

    Perhaps more coal for industry is also in America's "special interest". More energy in all its forms as well though also being aware of societal impacts.

    It's amazing how American's have come to divide themselves into "special interests" groups, a hollow phrase with little meaning but one with sinister conspiratorial implications that has somehow struck a chord among many on the Left

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