Canucks selling their souls to China
1-29-2012
http://finance.yahoo.com/news/thwarted-us-oil-pipeline-canada-looks-china-050249469.html
Thwarted on US oil pipeline, Canada looks to China
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
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
"I don't think U.S. policymakers view China's investment in the Canadian oil sands as a threat," says David Goldwyn, a former energy official in the Obama administration.
"In the short term it provides additional investment to increase Canadian supply; that's a good thing. Longer-term, if Canadian oil goes to China, that means China's demand is being met by a non-OPEC country, and that's a good thing for global oil supply. Right now we are spending an awful lot of time finding ways for China to meet its demand from some place other than Iran. Canada would be a great candidate."