Liberals Reviewing Chinese Ban on Oilsands Ownership

[Newview01]

I am sure this has nothing to do with a pay to play scheme.

http://calgaryherald.com/news/politi...ands-ownership

[CBintheNorth]

Excellent. So they don't want us to sell our resources because they want to sell us out. Got it.

And it will have only cost China $1500 per plate to get a piece of Fort Mac.
Fantastic news all around.

[honeycut.a7]

1500 bucks for supper 50,000 for a statue . All of a sudden investment is now opened up....nah I don't see anything wrong . It's just the way liberals do things.

Sent from my GT-P3113 using Tapatalk

[Newview01]

There is mention of a free trade agreement with China in the article as well. That is the last thing we need.

[Fur]

Canadians keep getting sold out. When will enough be enough? Unfortunately I think the average stupid Canadian wont want to protest or do anything about it until its way too late. Sad really when the younger generation only thinks of the present day and instant reward rather than looking how the present will affect their future and future generations.

[rugatika]

Probably a good thing. The Chinese know how to grease the wheels of socialist governments to get business moving. Should fit right in here in Canada. They'll make adscam look like a lemonade stand.


Loved this quote:
Wenran Jiang, director of the Canada-China Energy and Environment Forum, said he didn’t think lifting the restrictions would result in a rush of new dollars from China because previous investments by companies such as CNOOC have not paid off as originally envisioned.

It would be a gesture of “goodwill,” however, said Jiang.



The old reverse psychology trick. Usually doesn't work, but I think they got a better than not chance of pulling it off in this case.

[New Hunter Okotoks]

We all know that Little Potato has a lot of respect for the Chinese Government and that he also had a love for Fidel Castro, maybe he can use their models and tactics to create a new Canada, it is 2016 afterall!!

The Chinese must really take their social license and environmental responsibilities seriously. Why else would our federal government even consider such a thing if it were not the case?

[bigskinner]

Remove

[Gray Wolf]

Originally Posted by bigskinner

Remove

X2 ^

[elkhunter11]

I remember people being upset when the federal government allowed the Chinese to purchase the Long Lake operation. They blamed Harper for selling out the country. I wonder what those people are saying now?

[rugatika]

Originally Posted by elkhunter11

I remember people being upset when the federal government allowed the Chinese to purchase the Long Lake operation. They blamed Harper for selling out the country. I wonder what those people are saying now?

They're saying "Look how inclusive our PM is!"

[jstubbs]

Originally Posted by elkhunter11

I remember people being upset when the federal government allowed the Chinese to purchase the Long Lake operation. They blamed Harper for selling out the country. I wonder what those people are saying now?

My buddy who worked for a company under contract by Nexxen at Long Lake said just got worse and worse after the Chinese took over.

[Bitumen Bullet]

Originally Posted by Fur

Canadians keep getting sold out. When will enough be enough? Unfortunately I think the average stupid Canadian wont want to protest or do anything about it until its way too late. Sad really when the younger generation only thinks of the present day and instant reward rather than looking how the present will affect their future and future generations.

I would say it has been almost every generation since Confederation and before in the case of Canada and the Charter colonies.

The younger generations have been told that the status quo is good, or good enough, so the sell out continues. Which makes sense if the family has moved to Canada within a generation or so. After all who moves to a country and then wants to change the very things that allowed them to move and improve their situation?

But why do those few who see Canada as their homeland, who have no other homeland to return to, or who have been on the land for hundred years or more, continue generation after generation to sell out?

It's been 150yrs since Canada took the West by noose and bayonet and yet we are still satisfied with being treated as a colony, with Canada having a 1st stage resource based economy exporting to a single market.

It hasn't been the younger generation that got us here, but they are making it clear they see no reason to do better. IMO we can do much better. Canada, even Alberta, has more valuable and varied natural wealth per capita than almost any other county, we should be doing very much better in many ways. But obviously that isn't what we tell our children, the younger generations.

[elkhunter11]

Originally Posted by jstubbs

My buddy who worked for a company under contract by Nexxen at Long Lake said just got worse and worse after the Chinese took over.

I know several people that worked there after the takeover, and some of those people were the ones complaining about the government allowing the purchase to take place. If the government changes the regulations, the Chinese will likely be looking at buying more oilsands operations in the future.

[Big Grey Wolf]

What difference does it make if American $$ or Chinese own our corporate world.

[elkhunter11]

Originally Posted by Big Grey Wolf

What difference does it make if American $$ or Chinese own our corporate world.

Talking to the people that worked at Long Lake after the takeover, the Chinese apparently view the health and safety of their workers much differently than the Americans.

[Newview01]

Originally Posted by Big Grey Wolf

What difference does it make if American $$ or Chinese own our corporate world.

Think, quality of goods coming out of America vs quality of goods coming out of China. I would also rather have American minded folks looking over the safety as opposed to the Chinese.

[CBintheNorth]

Originally Posted by Big Grey Wolf

What difference does it make if American $$ or Chinese own our corporate world.

Neither is good.

We have the resources and technological advancements to operate as a world super power, but seem to be stuck with the mind set of being a third world country because we can't run it ourselves it seems. We have poor leaders.

One day we will have a leader that shows the rest of the world that we are not selling out. The people that built this country didn't do it for the benefit of countries like China. This clown we have now ain't the guy to do that.

[Bushrat]

Originally Posted by Newview01

Think, quality of goods coming out of America vs quality of goods coming out of China. I would also rather have American minded folks looking over the safety as opposed to the Chinese.

Not to mention the environment. If people think the Americans are bad they haven't seen the Chinese.

[rem338win]

It's because we sell out for foreign money quick to support the social programs we demand today.

The Libs made extravagant promises they have to pay for right now. So they sell Alberta's assists to pay for it.

[Peace Meal Farm]

well isn't that just peachy. yet another arrow bullseye from our liberal overlords.

if the Chinese want in (and are likely coming in full bore with liberal support) then let's at least make it worth our while. no raw material being shipped to the coast. keep the value added here in Canada, so that means foreign purchase involves the Chinese providing capital as minority partners for upgraders and refineries.

while we're at it please no more pipelines south for unrefined bitumen.

I can grow cucumbers and sell them for $0.50/lb. Or I can sell a jar of pickles or relish with $0.25 worth of the things for $5.

I like keeping my money working at home.

[79ford]

Liberals are probably looking at the billions that could be spent in alberta.... why borrow billions for government make work programs when you can approve a few prjects and get a private company to spend billions and create jobs.

Alberta bc and sask... mostly alberta have been the only real bright spots in the countries economy for years now, everything else has pretty much been tossed to the wayside in the last 15 years. Forestry and whatever else goes up and down tourism doesnt provide any jobs, fishing is always declining, the economy outside oil and gas doesnt grow it just goes up and down. Oil and gas production can increase for the most part and put incremental new dollarsinto the system.


China is the last sucker who seems willing to blow lots of money on the oilsands.... mind you they may have puckered up alittle after their last few forays i to the oilsands,haha! Overall they do spend money like it grows on trees when it comes to investing. They bought the company that owns long lake! Jeebers lol, the biggest disaster of an oilsands project in alberta history and they paid a hefty premium to boot. That was almost like a friend taking one for the team kinda service.


I think as long as the chinese build from the ground up it should be okay... they should not be allowed to buy things that are already running, they have been proven to destroy (in some cases quite literally destroy) decent projects/equipment that did have some value. While long lake was a disaster the upgrader itself supposedly did run okay untill it was blown up...

[From The Hip]

When it comes down to it the Federal government has no assets in the oil sands since Suncor swallowed up Petro Canada some years back.

Does anybody think Suncor is going to sell Syncrude after recently taking it over completely by snapping up Canadian Oilsands when the companies stock was low?Syncrude produces 90,000 barrels of refined synthetic oil a day with access to pipelines.This is not bitumen this is refined synthetic oil which gets a better price and all the upgrades have been done.Cant see them selling it.

Same goes for the other big players.

FTH

[TBD]

it means AB's oil sands are once again open for business, and we need an infusion of foreign capital.

... what do you think the Chinese told Justin last month when he was out there ?

Get some pipelines built to tidewater !!

V 2.0 of northern Gateway is coming ...

TBD

PS ... it'll be fun watching Justin deal with the greenies for a change (they might have to bring Herb out of retirement) and see his mentor Suzuki's reaction

[elkhunter11]

Originally Posted by From The Hip

When it comes down to it the Federal government has no assets in the oil sands since Suncor swallowed up Petro Canada some years back.

Does anybody think Suncor is going to sell Syncrude after recently taking it over completely by snapping up Canadian Oilsands when the companies stock was low?Syncrude produces 90,000 barrels of refined synthetic oil a day with access to pipelines.This is not bitumen this is refined synthetic oil which gets a better price and all the upgrades have been done.Cant see them selling it.

Same goes for the other big players.

FTH

Syncrude can produce a lot more than 90,000 barrels per day, but they need to get rid of the Exxon management team to get production to anywhere near it's potential. Hopefully Suncor will ditch Exxon and put someone in charge that has the experience and common sense to run the plant properly.

[CBintheNorth]

Originally Posted by TBD

it means AB's oil sands are once again open for business, and we need an infusion of foreign capital.

... what do you think the Chinese told Justin last month when he was out there ?

Get some pipelines built to tidewater !!

V 2.0 of northern Gateway is coming ...

TBD

PS ... it'll be fun watching Justin deal with the greenies for a change (they might have to bring Herb out of retirement) and see his mentor Suzuki's reaction

I don't have a problem with selling the products, I have a problem with selling the assets.....fixed assets on our soil.
Pipelines-good.
Selling the oil in the pipelines-good.
Producing the oil to put in the pipelines-good.
Selling the companies responsible for taking the oil out of the ground-bad.
Selling the land that the oil exists in-bad.

[rugatika]

Now when progressives protest the oil sands we can shout Racist, Biggot, and Xenophobe at them.

[Bitumen Bullet]

Originally Posted by CBintheNorth

....
Pipelines-good.
Selling the oil in the pipelines-good.
Producing the oil to put in the pipelines-good.
Selling the companies responsible for taking the oil out of the ground-bad.
Selling the land that the oil exists in-bad.

So true but our media rarely points out why such things matter, why assets like land and resources should be used to advance our interests, our economy, enrich our people, our business, our government programs.

There will always be large powerful foreign interests wanting to "help" exploit limited resources and to export resources to fuel other economies making yet more profit for those outside the country.

That is why resource rich countries need to look out for themselves. If they do not they will find themselves stuck with an economy based on the export of resources, in the case of Canada for more than 150yrs now, until the resources run out.

At that point they will be abandoned and have little left for future generations to build on.

[Newview01]

Originally Posted by elkhunter11

Syncrude can produce a lot more than 90,000 barrels per day, but they need to get rid of the Exxon management team to get production to anywhere near it's potential. Hopefully Suncor will ditch Exxon and put someone in charge that has the experience and common sense to run the plant properly.

I've heard this from someone who worked for Suncor. He said Exxon sends people from Texas who are clueless and end up going back but not before throwing the system for a loop.

[TBD]

Originally Posted by CBintheNorth

I don't have a problem with selling the products, I have a problem with selling the assets.....fixed assets on our soil.
Pipelines-good.
Selling the oil in the pipelines-good.
Producing the oil to put in the pipelines-good.
Selling the companies responsible for taking the oil out of the ground-bad.
Selling the land that the oil exists in-bad.

... is that China already has billions invested in AB's oil sands, and they'll be a strong partner in applying pressure to our liberal gov't so that these pipelines get built.

win - win

I don't see the problem here.