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Originally posted by rigel4
reply to post by jude11
What does the video say briefly?
Just an outline would be nice.
Originally posted by InFriNiTee
I can almost guarantee that's why the Keystone Pipeline was approved! China ensures it's access to materials it needs, and the USA does at the same time.
See ATS thread: U.S. Senate Approves the Keystone Pipeline: Final Vote 62 to 37 !
Originally posted by InFriNiTee
I can almost guarantee that's why the Keystone Pipeline was approved! China ensures it's access to materials it needs, and the USA does at the same time.
See ATS thread: U.S. Senate Approves the Keystone Pipeline: Final Vote 62 to 37 !
National oil companies like CNOOC, which is 70 percent owned by the People’s Republic of China, already control more than 80 percent of the world’s oil reserves. Of the 20 percent that remain open to market-based development, 60 percent are in Canada, almost all in the oil sands region of Alberta.
As one Canadian energy executive who has worked closely with Chinese oil companies explained, China has piles of cash locked in U.S. treasury notes that it regards as declining assets. Investing this cash in energy resources abroad is a no-brainer, both for their intrinsic value and for the technological expertise Chinese companies can gain.
Nexen is the biggest Canadian energy company to fall entirely under Chinese ownership. While it is not the largest player in the oil sands, its takeover means Chinese national oil companies now own about 10 percent of Canadian oil-sands operations.
Originally posted by Chadwickus
reply to post by jude11
Don't know why people think a strong Chinese economy means bad news for the US, without China spending money, the above countries plus a bunch more (Russia included), would be in trouble.