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Tuesday, October 12, 2010

IS A RED CHINESE INVASION OF THE U.S. ALREADY UNDERWAY?


And here's another fine mess Barry has gotten us in! And it's one that has me asking the question, "Just what the Hell is going on here and why am I not hearing more about it?" Apparently the state-owned Communist Chinese energy conglomerate CNOOC has now managed to successfully creep, and I think somewhat under the radar of most Americans, into a position of acquiring a significant interest in U.S. energy reserves. It seems to be busying itself by buying a multibillion-dollar stake in little patch of land consisting of some 600,000 acres of South Texas oil and gas fields, while also taking the time to test the political waters regarding any future attempts at even further "expansion" into U.S. energy reserves. Yep that's right, U.S. energy reserves. Yours and mine! The news came in the form of an announcement on Monday that the Communist Chinese would be paying up to $2.2 billion for a one-third stake in Chesapeake Energy assets, and in so doing CNOOC would now lay claim to a share of properties that eventually could produce up to "half a million barrels a day" of oil equivalent. And along the way, I might add, it just might also pick up some much needed American know-how about tapping the hard-to-get deposits trapped in dense shale rock formations. Also as part of this deal, this the largest purchase to date of an interest in U.S. energy assets by a Communist Chinese company, CNOOC has also agreed to pay roughly $1.1 billion for a chunk of Chesapeake’s assets in the Eagle Ford, a broad oil and gas formation that runs largely from southwest of San Antonio all the way to the Mexican border. CNOOC also will provide up to $1.1 billion more to cover drilling costs. This deal represents Communist China’s second try at making a big move into the U.S. oil and gas market, following a failed bid five years ago to buy California-based Unocal Corp. Intense political opposition at that time over energy "security concerns" eventually derailed that $18.4 billion deal. But this time around everything seems to be just hunky-freaking-dory with analysts expecting few if any political or regulatory hurdles to the CNOOC-Chesapeake deal. "The climate is much more hospitable now," said Juli MacDonald-Wimbush, who is a partner with Marstel-Day, an energy and environmental security consulting company in Fredericksburg, Va. Gee, I wonder what makes things so much more hospitable now? Perhaps because Barry has us up to our freakin eyeballs in debt to these Communists butt licks? And with natural gas prices being as low as they are and a largely difficult drilling climate, I can't imagine why that would be, Ms. Macdonald-Wimbush went on to say that highly liquid Chinese companies will have little trouble in their attempt to find willing partners among onshore oil and gas companies hurting for capital to drill. Again, why is there a need to go to the Communist Chinese, of all people, in search of capital? Thank you, thank you very much, Barry "Almighty!" Look folks, this is but one more example that once again makes very clear the danger that our very own president insists on putting us in. It is behavior that is simply deplorable!!! We have once again been effectively knifed in the back by this America hating piece of dog squeeze, Barry "Almighty."

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