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That author is making some ridiculous claims to somehow spin the issue into a "bash Obama" moment
Oil companies are privately owned corporations and people that want to can invest in them. If China wants to be major share holders in publicly traded companies, they have the freedom to do so (which is what they are doing in this care)
That author is making some ridiculous claims to somehow spin the issue into a "bash Obama" moment
Oil companies are privately owned corporations and people that want to can invest in them. If China wants to be major share holders in publicly traded companies, they have the freedom to do so (which is what they are doing in this care)
Actually the author of the article seems to say the Chinese are buying direct interest in resouces.
I would hope what they are buying are limited leases.
The left will defend anything obama does and without shame. Sad what the left has become, even paid operatives and campaign workers like t68. Just another nail in the democrat coffin.
Location: By the sea, by the sea, by the beautiful sea
68,330 posts, read 54,419,437 times
Reputation: 40736
Quote:
Originally Posted by Ed from California
The left will defend anything obama does and without shame. Sad what the left has become, even paid operatives and campaign workers like t68. Just another nail in the democrat coffin.
As the right will baselessly bash Obama for anything he does.
Get a clue, according to the article the Chinese government is buying these resources from energy corporations, the only 'people' the right gives a rat's ass about. These companies are padding the bottom line, the thing you righties worship above all else, what's the problem?
How cute to see the whining righties conveniently forget their alleged belief in less regulation and a free-market when it gives them another lame-ass excuse to whine about Obama.
Last edited by burdell; 05-17-2012 at 09:24 AM..
Reason: typo
That author is making some ridiculous claims to somehow spin the issue into a "bash Obama" moment
Oil companies are privately owned corporations and people that want to can invest in them. If China wants to be major share holders in publicly traded companies, they have the freedom to do so (which is what they are doing in this care)
Quote:
Originally Posted by burdell
How cute o tsee the whining righties conveniently forget their alleged belief in less regulation and a free-market when it gives them another lame-ass excuse to whine about Obama.
Ignoring the veracity (or lack thereof) of the OP's claim for the moment, many oil companies are majority or totally state-owned, so it's not just a free-market transaction but a clear and obvious matter of state when a foreign government -- particularly one whose interests are largely adverse to our own -- wants to gain access to our vital resources.
Oil companies are privately owned corporations and people that want to can invest in them. If China wants to be major share holders in publicly traded companies, they have the freedom to do so (which is what they are doing in this care)
Even at the risk of a national security threat?
Quote:
That author is making some ridiculous claims to somehow spin the issue into a "bash Obama" moment
Ignoring the veracity (or lack thereof) of the OP's claim for the moment, many oil companies are majority or totally state-owned, so it's not just a free-market transaction but a clear and obvious matter of state when a foreign government -- particularly one whose interests are largely adverse to our own -- wants to gain access to our vital resources.
Such a load of crap!!!
Do you have a free market system or not???????
You have to do what we have done here in Canada. We have a dept. of the federal government called, "The foreign investment review board". This board approves or does not allow foreign investments in any field. The prospective buyer must prove that the investment has a net benefit for Canada and Canadians or it will not be allowed. We have massive foreign investments in the oil and gas sector and I don't think any such investment has ever been denied. We want these resourses developed and the benefit to the country is the same wether it's US, Euro or Asian money being spent HERE.
Two years ago the biggest mining deal in world history was stopped because there was not any benefit for the country. An Australian mining firm was prevented from taking over Potash Corp. Now, there is plenty of foreign investment in the potash development industry, especially Chinese investment. This is a different case altogether. They are developing new mines and not taking over existing developments.
Location: By the sea, by the sea, by the beautiful sea
68,330 posts, read 54,419,437 times
Reputation: 40736
Quote:
Originally Posted by Drover
Ignoring the veracity (or lack thereof) of the OP's claim for the moment, many oil companies are majority or totally state-owned, so it's not just a free-market transaction but a clear and obvious matter of state when a foreign government -- particularly one whose interests are largely adverse to our own -- wants to gain access to our vital resources.
This situation perfectly illustrates the foolishness of believing the mere act of opening more public lands to oil exploration will automatically ensure an ample/less-costly supply of oil to the US. Without regulation ( say the right) these companies will sell to the highest bidder, be it the US, China, or even al Qaeda for that matter.
why your children need to learn Mandarin or another Chinese dialect....
Quote:
Originally Posted by RCCCB
Actually the author of the article seems to say the Chinese are buying direct interest in resouces.
I would hope what they are buying are limited leases.
The poster to whom you refer never actually reads the links provided.
This is very troubling indeed. China is gobbling up ownership of rare earth mineral and oil deposits worldwide, including the USA, and yet our own government will not allow US companies to mine/drill them here in the USA.
This is yet another example of Ron Paul being correct about our debt being the largest threat to our national security. China is allowed to do anything because they own our debt.
You don't see this reported upon in the MSM nor hardly anything about the the US Treasury Dept. clearing the way for the first Chinese takeover of a US bank last week.
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say the right) these companies will sell to the highest bidder, be it the US, China, or even al Qaeda for that matter.
why your children need to learn Mandarin or another Chinese dialect....
