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The Water Cooler
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China buys Texas
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<blockquote data-quote="Shadowrider" data-source="post: 1319518" data-attributes="member: 3099"><p><img src="/images/smilies/werd.gif" class="smilie" loading="lazy" alt=":werd:" title="Werd :werd:" data-shortname=":werd:" /></p><p></p><p>They are only buying leasehold interest to the oil and gas and partnering up with the operators. They aren't buying the actual land.</p><p></p><p>Y'all chill out. Do you really think that Texas of all states would stand for this? Think people, think!</p><p></p><p>Edit to add:</p><p>This is the disturbing part of the deal. From the article:</p><p></p><p><strong><em>The deal represents 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.</em></strong></p><p><strong><em>Intense political opposition over energy security concerns derailed that $18.4 billion deal. But analysts expect few political or regulatory hurdles to the CNOOC-Chesapeake deal.</em></strong></p><p><strong><em></em></strong></p><p>What's disturbing is the utter lack of political opposition to the whole concept. Instead we have an administration that is more than willing to hand over whatever and the drilling technology that they will undoubtedly gain knowledge of. There goes the U.S. as being a leader in another technological field. We can thank Bill Clinton for letting them have access to satellite guidance software that they've reverse engineered to guide their ICBMs. Democrats are retarded....</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 1319518, member: 3099"] :werd: They are only buying leasehold interest to the oil and gas and partnering up with the operators. They aren't buying the actual land. Y'all chill out. Do you really think that Texas of all states would stand for this? Think people, think! Edit to add: This is the disturbing part of the deal. From the article: [B][I]The deal represents 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 over energy security concerns derailed that $18.4 billion deal. But analysts expect few political or regulatory hurdles to the CNOOC-Chesapeake deal. [/I][/B] What's disturbing is the utter lack of political opposition to the whole concept. Instead we have an administration that is more than willing to hand over whatever and the drilling technology that they will undoubtedly gain knowledge of. There goes the U.S. as being a leader in another technological field. We can thank Bill Clinton for letting them have access to satellite guidance software that they've reverse engineered to guide their ICBMs. Democrats are retarded.... [/QUOTE]
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