[Newsbot]

Title: PetroChina offers $2B for oilsands stake
Category: Business
Posted By: Hyack
Date: 2009-08-31 21:03:18
Canadian

[ridenrain]

Saw that and I gotta say that I'm not happy with it.

[Lemmy]

I say we agree to it, take the cash and ship them however-many tonnes of useless dirt; in retribution for all the shit they've sold us that turned out to be worthless junk in terms of quality.

[Thanos]

It's a good step forward for Alberta and Canada to secure another partner/customer in the oil sands, especially if the Americans stupidly choose to add to their economic woes by going alone with any of the climate change nonsense. I have no problem with this as long as the government guarantees that existing labour and environmental standards will be adhered to.

It's called diversification of a customer base, which I assumed most people (the Yank-haters especially) always wanted in teh first place.

[PublicAnimalNo9]

Chinese companies, using America's money, buying into Canadian oil production.
Gotta love it

[bootlegga]

It doesn't matter who owns the rights to the oil, the product is still going to the same market, the US. That won't change until someone ponies up the $4 billion needed to build a pipeline from Edmonton to Prince Rupert. Even then, it'll take several years to build it.

Frankly I'm all for it. We need to diversify our markets anyways. I would just prefer that its was upgraded here first. Anyways, if China is so unpalatable, then we should build the pipeline ourselves and ship it to Japan, Taiwan, and South Korea.

[ridenrain]

I agree with the diversifiction but not the Chinese. I fear the only wages the workers will be getting are Soviet Union wages. ( that's a joke..)

[bootlegga]

The company/plant/resource is still physically in Alberta, which means that they have to abide by our labour laws, not theirs.

[saturn_656]

Not too keen on an organ of the People's Republic of China getting a chunk of the oil sands...