According to the latest news, China is offering to buy all the oil they can get their hands on in the world. I understand they will purchase the oil before it leaves the ground. If this is so, and Canada sells it to them from the Oil shales, We have already been told by the Canadian Prime minister to get the rag out or it WILL be sold to China. I wouldn't blame them if they did!
Canada has spent a lot of money preparing for the sale via the Proposed Keystone XL pipeline, complied with all the rules and regulations put forth by the EPA just to have Barack Obama put a delay on it by Executive Order. He is so controlled by the Environmentalists because of it being an election year, that he's selfishly thinking more about being re-elected than the welfare of the Country. The pipeline will create a total of 120,000 direct and indirect jobs.
If the Keystone XL pipeline were to be done, it is already estimated there is enough oil in this operation that the U.S. would not require the so badly needed oil from OPEC that the Arabs hold us hostage to. Obama knows this, yet he doesn't care!
With all the useless waste of Stimulus money so far, you think Congress would over-ride his order and either proceed with the deal or place a deposit on it out of the Stimulus money he's been wasting somewhere else.
It's obvious to me that he's made a deal under the table with China to delay the sale so China CAN purchase it and then sell it to us at a higher price further down the road.
China is offering to buy the oil without touching a lot of it, everywhere in the world. It's called "FUTURES" trading. They would then sell it to the U.S. Warren Buffet is in bed with Obama and wants to build a railroad to transport it. This is probably another reason Obama stopped the pipeline from getting started. It's really starting to smell, isn't it???
Building the pipeline would put all those secondary plans to rest. It would keep the price of oil down where it currently is.
Obama's plan would be more attractive to the Environmentalists in the respect the much higher price from the Chinese would encourage them to think in the direction of alternative energy. Right now the alternative energy, no matter what kind is proving to be so prohitively expensive to produce. That's the reason Solyndra who produced solar panels, ran with $500,000,000.00 in Stimulus money and then claimed bancrupcy immediately after. Now they're taking the stockpiled solar panels they did produce and tossing them in the dumpsters. Friends of Obama's! Can you believe it!!! Talk about a waste of Taxpayer's money!!
I just hope I'm not wasting my time pointing this out. Just sayin'.
No comments:
Post a Comment