Posted on 10/25/2015 8:30:13 PM PDT by UMCRevMom@aol.com
Misleading title. They exported condensate, not oil. From the article you linked:
“The Commerce Department will permit the two Texas-based companies to export the ultra-light condensate, which has grown in supply on the back of the boom in fracking-based exploration and production of natural gas.”
The huge trade deficit means its inevitable China will own the country. Simple math.
And when the oil export ban is lifted, it goes right to China.
It could be they are purchasing just the mineral rights and not the actual land. They are long term investors. They could invest in Mideast oil, but who the heck knows what’s going to happen over there? I’d say they are just trying to cover all the bases.
They invested in Iraq oil, and look where that got them.
You wish, they have enough money to buy any politician and put one or more in power as well.
Good post to clarify details that were totally muddled in the headline. Your deal with Chesapeake explains a lot.
<<< “this is a private transaction between a chinese company and apparently two American companies. “ >>> -——
Sure it is. But, it’s one big honking and vital “get”, for China.
<<< “ ni hao Rita :) “ >>> ———
Yes, well, what ever you said, it sounded sympathetic, so thank you onona. :D
yeah it’s Chinatown in New York City about eight miles from me lol. Seriously though I did hear about that. If it was a city that others couldn’t live in and American currency wasn’t used then I would be very concerned.
are you talking about Democrats or China?
“And when the oil export ban is lifted, it goes right to China.”
This oil will go the same place all the other oil here in the Permian Basin goes.
“It could be they are purchasing just the mineral rights and not the actual land.”
They’re not even doing that, all they’re getting is leases.
And the difference is....?
:^)
Anything that HELPS OTHER COUNTRIES WHILE HURTING THE U.S., 0dunga is all for it!
at least the Chinese leaders are honest about wanting communism lol
Well, if it is a matter of USA national security - we don’t have to worry about interference from the current administration...
Right. They just might pick up a swath of West Texas and take it back to China with them.
You got one for sale?
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