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Thread: Obama’s Keystone Denial Prompts Canada to Look to China Sales

  1. #11
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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    China was investing in the Canadian oil sands long before this decision. Here is an article from September, 2011 that describes their investment. To lay the blame for this at Obama's feet for not letting big oil build an eco-disaster-waiting-to-happen is a blatant lie. The solution to our need for for more energy is developing as rapidly as possible renewable energy sources that can be produced in the US - not getting more oil from foreign markets. Since most of the US oil produced is exported, we can use that to run until the conversion is complete.

    China invests billions in Canada oil sands - Houston Chronicle
    Last edited by Frolicking Dinosaurs; 01-21-12 at 02:37 PM. Reason: typo

  2. #12
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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    Yes, we are so stupid. We continue to believe that this pipeline is intended for us and our benefit.

  3. #13
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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    As FD said, China already owns the oil sands. Is Canada going to resell them their own oil?
    Don't work out, work in.

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  4. #14
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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    Quote Originally Posted by Manc Skipper View Post
    As FD said, China already owns the oil sands. Is Canada going to resell them their own oil?
    a Chinese company owns a singular oils sands project not all the oil sands. The company it owns might be able to produce a couple hundred thousand barrels per day. Canada does need to develop different markets for its products than just the US
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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    Quote Originally Posted by radcen View Post
    Yes, we are so stupid. We continue to believe that this pipeline is intended for us and our benefit.
    exactly ...
    we are negotiating about dividing a pizza and in the meantime israel is eating it
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  6. #16
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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    Quote Originally Posted by justabubba View Post
    as if canadian oil was not going to be sold to china anyway
    oil is fungible
    the importers of oil will all compete in the international markets to buy it
    does not matter whether that oil enters the international market at new orleans or at vancouver
    china, the USA and every other importer will buy it at whatever spigot is most convenient, at commodity prices
    there is NO benefit to the USA to have the canadian oil move to the international market thru the USA
    I always appreciate people that understand things....

  7. #17
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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    Quote Originally Posted by jamesrage View Post
    From what I understand the Canadian pipeline was for export only. And wouldn't they have to go through Alaska to build a pipeline to China?
    no - just to the Coast.


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    Re: Obama’s Keystone Denial Prompts Canada to Look to China Sales

    Quote Originally Posted by radcen View Post
    Yes, we are so stupid. We continue to believe that this pipeline is intended for us and our benefit.
    of course it's not - it's also for the Canadians benefit. that's why it's called Mutually Beneficial Trade.

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