OpEd: Jack
Good God almighty when is Congress going to wake up and smell the Marxist Bacon? Anyone with eyes and half a brain can see where Obama is going with this...first he denies rights for opening lands for drilling,pipelines and fracking...and now he is allowing Communist China to buy US oil and gas interests...if this is not Sedition and Treason I have no idea what would qualify...! #Impeach Now!
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NEW YORK – The Obama administration is quietly allowing China to acquire major ownership interests in oil and natural gas resources across the U.S.
The decision to allow China to compete for U.S. oil and natural gas resources appears to stem from a need to keep Beijing economically interested in lending to the U.S. The Obama administration has run $1-trillion-plus annual federal budget deficits since taking office that likely will continue in the second term.
Allowing China to have equity interests in U.S. energy production is a
reversal of the Bush administration’s policy. In 2005, the Bush
administration blocked China on grounds of national security from an
$18.4 billion deal to purchase California-based Unocal Corp.
As WND reported Monday, Beijing has been developing a proposal in which real estate on American soil owned by China would be set up as “development zones” to establish Chinese-owned businesses and bring in its citizens to the U.S. to work.
China leased first oil rights in Texas
China’s first major move into the U.S. oil and natural gas market can be traced to October 2009, when the state-owned Chinese energy giant CNOOC bought a multi-million dollar stake in 600,000 acres of South Texas oil and gas fields. Read More:
Good God almighty when is Congress going to wake up and smell the Marxist Bacon? Anyone with eyes and half a brain can see where Obama is going with this...first he denies rights for opening lands for drilling,pipelines and fracking...and now he is allowing Communist China to buy US oil and gas interests...if this is not Sedition and Treason I have no idea what would qualify...! #Impeach Now!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
NEW YORK – The Obama administration is quietly allowing China to acquire major ownership interests in oil and natural gas resources across the U.S.
The decision to allow China to compete for U.S. oil and natural gas resources appears to stem from a need to keep Beijing economically interested in lending to the U.S. The Obama administration has run $1-trillion-plus annual federal budget deficits since taking office that likely will continue in the second term.
As WND reported Monday, Beijing has been developing a proposal in which real estate on American soil owned by China would be set up as “development zones” to establish Chinese-owned businesses and bring in its citizens to the U.S. to work.
China leased first oil rights in Texas
China’s first major move into the U.S. oil and natural gas market can be traced to October 2009, when the state-owned Chinese energy giant CNOOC bought a multi-million dollar stake in 600,000 acres of South Texas oil and gas fields. Read More:
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