Chinese guy laugh, if Obama do not want oil we sell it to him. Two years ago Obama fought to prevent Keystone from entering America. Not long ago he smiled at his greenies and locked the door. No different than ANWR, let alone anything else, the first excuse was ‘even if we go ahead today we will not see results tomorrow’, but that was two years ago.
Yahoo: “This week, China’s state-run energy giant CNOOC announced that it was buying Canadian oil producer Nexen for $15 billion, the largest-ever acquisition by a Chinese company. The deal would give China control over Nexen’s oil sands operations in the Canadian province of Alberta (among other Nexen oil properties around the world), a huge win for the energy-hungry nation. The purchase still needs to be approved by Canada’s parliament, which has blocked foreign takeovers of domestic businesses in the past. However, analysts say the odds look good, partly because oil-rich Canada has been forced to turn to other investors after President Obama suspended the Keystone Pipeline, a massive project that would have delivered oil from Alberta to the Gulf Coast, over environmental concerns.”
How much has been spent on solar energy which could have funded Keystone? How many of our jobs are going to China? About ten days ago we learned Petrobrás was raising prices during Europe’s recession. Who is funding America’s debt?