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Pipeline to China

While I know some in our readership assume that the Keystone pipeline will be adjusted and built anyway, some Canadians may disagree. If I were Canada, I would certainly be considering diversification after being slapped in the face.

Prime Minister Stephen Harper says Canada’s national interest makes the $5.5 billion pipeline essential. He was “profoundly disappointed” that U.S. President Barack Obama rejected the Texas Keystone XL option but also spoke of the need to diversify Canada’s oil industry. Ninety-seven percent of Canadian oil exports now go to the U.S.

“I think what’s happened around the Keystone is a wake-up call, the degree to which we are dependent or possibly held hostage to decisions in the United States, and especially decisions that may be made for very bad political reasons,” he told Canadian TV.

[...]

Meanwhile, China’s growing economy is hungry for Canadian oil. Chinese state-owned companies have invested more than $16 billion in Canadian energy in the past two years, state-controlled Sinopec has a stake in the pipeline, and if it is built, Chinese investment in Alberta oil sands is sure to boom.

“They (the Chinese) wonder why it’s not being built already,” said Wenran Jiang, an energy expert and professor at the University of Alberta.

Posted by Owen at 1513 hrs
Economy + Foreign Affairs + Politics + Politics - General

1. Chinese state-owned companies have invested more than $16 billion in Canadian energy in the past two years, state-controlled Sinopec has a stake in the pipeline, and if it is built, Chinese investment in Alberta oil sands is sure to boom.

   Another thank you from the American worker, who has been sending more and more high-dollar manufacturing jobs to China. Perhaps all we need are more taxes on the wealthy, more obscenely expensive electric cars, more doofus windmills (subsidized by us taxpayers), and more money from Obama’s stash to be redistributed to his supporters and we’ll be just fine without any jobs.

   Yeah, right.

    

   Posted by .(JavaScript must be enabled to view this email address) on January 30, 2012 at 0935 hrs
   
   
   

2. Please turn out the lights when the last person leaves….

   Posted by .(JavaScript must be enabled to view this email address) on January 30, 2012 at 1119 hrs
   
   
   

3. The lights will go out all by themselves if Obama gets reelected.

   Posted by .(JavaScript must be enabled to view this email address) on January 30, 2012 at 1308 hrs
   
   
   

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