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If the United States decided to drill for oil 50 miles off the coast of China, we would be embroiled in WWIII overnight. Thanks to wacko environmentalist Congressmen and Senators using the Environmental Protection Agency [EPA] to stymie drilling along the continental shelf of the United States, oil that rightfully belongs to American oil companies is now being drilled by Canada, Spain and Cuba—with help from both China and India. With only modest energy needs and no drilling expertise or money, Cuba's government-owned oil corporation, CubaPetroleo—with money and expertise from China's national oil company, Sinopec—is now "exercising its option" in the Straits of Florida. China, according to reports, is slant drilling. Slant drilling is what oil companies do when the oil they are trying to tap is on someone else's property. China will try to tap into reserves on the "American-side" of the Florida Straits that legally belongs to the United States in a 2-year renewable treaty negotiated with Cuba and signed by then-President Jimmy Carter in 1977.
Surveys done by the Department of the Interior suggest the outer banks of the Straits contain more than 115 billion barrels of oil and 633 trillion cubic feet of natural gas. The oil reserves in the Florida Straits would cover America's oil and gas needs for approximately 16 years. The government of the United States and the Seven Sisters have been aware of the existence of these oil reserves for over two decades, yet they have all continued to insist there's a severe world oil shortage—as the price of crude continues to climb and oil storage facilities all over the world bulge from surpluses of crude the nation's refineries can't handle.
Theft plain and simple
Originally posted by Nygdan
Why can't chinese oil companies operate in international waters? If the US won't develop it, its fair game. Thats capitalism man.
Theft plain and simple
How can it be theft when no one owns it?
China will try to tap into reserves on the "American-side" of the Florida Straits that legally belongs to the United States in a 2-year renewable treaty negotiated with Cuba and signed by then-President Jimmy Carter in 1977.
posted by Nygdan
Why can't chinese oil companies operate in international waters? If the US won't develop it, its fair game. Thats capitalism man. How can it be theft when no one owns it?
Originally posted by Nygdan
Why can't chinese oil companies operate in international waters? If the US won't develop it, its fair game. Thats capitalism man.
Theft plain and simple
How can it be theft when no one owns it?
If the United States decided to drill for oil 50 miles off the coast of China, we would be embroiled in WWIII overnight.
For all you Jimmy Carter fans out there this should be an eye opener, when will we start to see that our politians are selling us down the river just to appease some less fortunate countries.