Quote:
Originally Posted by HappyTexan
Treasury auctions were very weak.
Also very downplayed in the MSM.
Between the problems in Japan and the European countries upping financial support for the PIIGS there really is no one left to buy our debt.
China is busy wheeling and dealing with other countries buying up commodities and making long term deals.
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ha no doubt the way china is throwing money around up here in canada to build a oil and natural gas pipe line to the ocean and already bought up 3% of our oil reserves on a mutli-year multi-billion doller deal. they also tried to buy our
thing is though the average person does not see a dime of that money. but a huge pipe line from albetra to B.C.'s shipping port up north means lots of decent paying jobs that will take years to build through the rockies.
What if China or another country has big ideas about coming into Alberta with truckloads of cash and tries to take over up that province’s huge oilsands like BHP tried to buy
Potash Corp.in Saskatchewan? Not gonna happen, says Alberta’s outspoken Premier,
Ed Stelmach. Stelmach said that during a trip to China last year with Wall, he was asked repeatedly by his hosts when a pipeline will be built from the oilsands to a proposed ship terminal in British Columbia just south of Alaska’s panhandle. That pipeline is being held up by a number of First Nations tribes over whose lands that pipeline must be built.
Stelmach, who’s also waging a P.R. war against environmentalists who are publicizing pollution at the “oilpatch,” says he told the Chinese, “You’re not just goingto get our energy. We want a robust trade experience.” Strong loonie or otherwise
.He also says that if you’re going to buy Canadian oil, he has no beef with that, but… we do have beef to sell you.
Ownership in the huge oil sands is not as concentrated as it was with Potash, with Canadian, U.S., British firms owning pieces of the oil patch, the second-largest source of crude outside Saudi Arabia.
Stelmach supported Saskatchewan Premier
Brad Wall’s battle to keep
BHP Billiton from taking over that province’s huge fertilizer company for $38 billion last year. Ottawa, lobbied hard by Wall, rejected the megadeal.
from:
Monopoly of Canadian oil won’t happen: Alberta premier - Canada - MarketWatch
you know it something is up when your 2 billion doller fertilzer business is trying to be bought for 38 billion by china and trying buy out US, british and canadian companies buy throwing large sums of cash around.
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