Economics & Finance

China Hungry For Resources Buying Into Canada

« Index | First post of today | Topic history New! | This topic at http://peakoil.com | Reply
deMolay
1 day ago • Friday 2009-07-03 18:56:00 • Reply
Looks like China has started money laundering with US Funny Money. China is converting it's useless US Obama Bucks into hard assets, right on Obama's doorstep. British Columbia's Dirty Coal and Alberta's Dirty Oil. This is kinda like I predicted awhile back. Obama's Cap N' Tax is going to shutter US Oil Refinery's and Alberta is going to be shipping our "Dirty Filthy Oil" and other strategic resources directly to China. The mega bucks that the oil companies invested in Upgraders just over the US/Canada Border will be shutdown and China will take our oil in bigger and bigger sips. Next you will see mega dollars pour into Prince Rupert to build tank farms for our Dirty Oil going to China. As a side note. Recently before this story broke about the Chinese buying into BC's Dirty Coal. Ottawa was floating a balloon to restructure the Government owned Coal Terminals in Prince Rupert. In fact they fired the Head of Ridley Coal Terminal. Maybe preparing the way for this move by China. The Crash in the US is going to be long and very hard. http://www.theglobeandmail.com/globe-in ... le1206130/


outcast
1 day ago • Friday 2009-07-03 20:45:00 • Reply
Old news dude.


Sixstrings
1 day ago • Saturday 2009-07-04 02:52:00 • Reply
outcast wrote:
Old news dude.


Might be, but I don't like how cozy the Canucks are with the Chinese. Our northern friends should keep in mind which world class military power they share a border with. :twisted:

deMolay
1 day ago • Saturday 2009-07-04 05:16:00 • Reply
Well it is actually new news. Always before Canada rejected attempts by China's Government to directly purchase strategic resources. This is the Government of China taking a stake. Not a Chinese company. Very big difference.



« Index | First post of today | Topic history New! | This topic at http://peakoil.com | Reply