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NYT: "China in Line as U.S. Rival for Canada Oil"

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Hand Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-23-04 12:13 AM
Original message
NYT: "China in Line as U.S. Rival for Canada Oil"
Shit, meet Fan.
:evilgrin:

"CALGARY, Alberta, Dec. 21 - China's thirst for oil has brought it to the doorstep of the United States.

"Chinese energy companies are on the verge of striking ambitious deals in Canada in efforts to win access to some of the most prized oil reserves in North America.

"The deals may create unease for the first time since the 1970's in the traditionally smooth energy relationship between the United States and Canada.

"Canada, the largest source of imported oil for the United States, has historically sent almost all its exports of oil south by pipeline to help quench America's thirst for energy. But that arrangement may be about to change as China, which has surpassed Japan as the second-largest market for oil, flexes its muscle in attempts to secure oil, even in places like the cold boreal forests of northern Alberta, where the oil has to be sucked out of the sticky, sandy soil."

link
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Maple Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-23-04 12:22 AM
Response to Original message
1. Yessirree, the Chinese are here
Hands full of money too.

I LOVE globalization!
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nine23 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-23-04 12:34 AM
Response to Original message
2. "Hello. Class. Pay attention now."
Edited on Thu Dec-23-04 12:36 AM by nine23
The "American Century" was, umm...that "last one"...

Play nice. Act like adults. Work hard at keeping your friends, because quite frankly, it doesn't look good from your perspective.

Start with reeling in that disgusting retard from Texas, BECAUSE IF YOU DON'T - ALL BETS ARE OFF.


Signed,
Your current (never take it for granted) best friend in Canada.
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Maple Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-23-04 12:43 AM
Response to Reply #2
3. Yep
Just good ol capitalism. Those with the most bucks win.

Softwood lumber, beef, marketing board FINAL deals anyone?
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SweetLeftFoot Donating Member (905 posts) Send PM | Profile | Ignore Thu Dec-23-04 07:23 AM
Response to Reply #2
4. A fellow Commonwealther writes -
Australia has been enjoying the most sustained economic growth of any Western antion over the last 15 years. This is largely due to the fact that we dig stuff up or smelt it, whack it on ab oat and send it to Japan and now, increasingly, China.

China's growth is a good thing for us. If the Yanks insist on their hypocritical trade rules (you let us flood your markets with our crap but reserve the right to impose tarriffs on your stuff whenever we want)then I would happy to hang them out to dry.
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