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Old 09-19-2011, 12:11 PM
 
Location: Houston, TX
17,029 posts, read 30,935,082 times
Reputation: 16265

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Fuel Fix » China invests billions in Canada oil sands

Obammie better okay the Keystone project...
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Old 09-19-2011, 12:45 PM
 
31,387 posts, read 37,065,499 times
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Ah, even a bit closer to home... in fact home itself.
"A record 1.6 million barrels a day in U.S. refined petroleum products were exported during the first four months of this year, up 33 percent from 1.2 million barrels a day over the same period in 2007. Shipments this February topped 1.8 million barrels a day for the first time during any month, according to final numbers from the Energy Department."
ANALYSIS-US oil firms seek drilling access, but exports soar | Reuters

So much for the canard "Drill Now, Drill Here" because as I have pointed out more times that I care to recount, oil is bought and sold on a global basis which also controls both supply and demand and subsequently price. So for those who would continue to unwittingly shill for oil companies... be careful what you wish for.
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Old 09-22-2011, 09:52 AM
 
Location: Houston, TX
17,029 posts, read 30,935,082 times
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Thats less than 10% of refining capacity. Latin America likes gasoline and diesel fuel as well.
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Old 09-22-2011, 09:58 AM
 
Location: Dallas, TX
31,767 posts, read 28,830,565 times
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Quote:
Originally Posted by Oildog View Post
Thats less than 10% of refining capacity. Latin America likes gasoline and diesel fuel as well.
When you're setting export records... you can't preach drill baby drill as a solution to domestic woes.
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Old 09-22-2011, 10:34 AM
 
Location: Vancouver, B.C., Canada
11,155 posts, read 29,326,902 times
Reputation: 5480
they already approved the enbridge pipeline through B.C. to bring in China's super oil tankers it is a massive pipeline but Canada will be in control of the tap. Canada and the U.S. in sense control China with the oil sands and if the keystone XL goes through and when the Enbridge pipeline is finished we will over take the most of the ME oil production .

The U.S. has the military and Canada has the oil and together we rule with both hard and soft power. China needs our resources plus Canada is really investing in it's navy and airforce to be a middle power in the 21st century.
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Old 09-22-2011, 11:05 AM
 
31,387 posts, read 37,065,499 times
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Quote:
Originally Posted by GTOlover View Post
The U.S. has the military and Canada has the oil and together we rule with both hard and soft power. China needs our resources plus Canada is really investing in it's navy and airforce to be a middle power in the 21st century.
Such delusional arrogance.
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Old 09-22-2011, 11:07 AM
 
Location: Vancouver, B.C., Canada
11,155 posts, read 29,326,902 times
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Quote:
Originally Posted by ovcatto View Post
Such delusional arrogance.
why do you say that?
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Old 09-22-2011, 11:07 AM
 
Location: Fairfax, VA
3,826 posts, read 3,389,337 times
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China is just drilling for oil that Americans don't want to drill for.
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Old 09-22-2011, 11:29 AM
 
Location: Raleigh, NC
20,054 posts, read 18,291,205 times
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Quote:
Originally Posted by GTOlover View Post
why do you say that?
Because homey (China) don't play that.
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Old 09-22-2011, 11:32 AM
 
Location: Dallas, TX
31,767 posts, read 28,830,565 times
Reputation: 12341
Quote:
Originally Posted by GTOlover View Post
why do you say that?
The faux muscle flexing, I would guess. China ain't resting its laurels on military might as America has done since WWII. It is making it secondary (that it has been doing since late 1950s).
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