PetroChina's oilsands bid OK'd

Political | 206790 hits | Dec 30 10:20 am | Posted by: ridenrain

The federal government has approved a $1.9-billion bid by PetroChina Co. to buy a stake in two Alberta oilsands projects, its biggest North American acquisition.

Comments

by tritium
Wed Dec 30, 2009 8:24 pm
This is great news for Alberta.

All the hype and B.S. coming from the Obama administration about our oil sands...
by bootlegga
Wed Dec 30, 2009 9:59 pm
It doesn't really matter who owns it right now anyways, the oil is going to be bought by Canadians or Americans, as there is no infrastructure to ship it to the coast to send it to China.

That will be years and billions more dollars down the road. Frankly, IMHO, it's the future of the oilsands anyways.
by Alta_redneck
Wed Dec 30, 2009 11:43 pm
"bootlegga" said
It doesn't really matter who owns it right now anyways, the oil is going to be bought by Canadians or Americans, as there is no infrastructure to ship it to the coast to send it to China.

That will be years and billions more dollars down the road. Frankly, IMHO, it's the future of the oilsands anyways.

They don't need a pipeline, they can ship by rail. CN is trying to sell them ( all Oilsands producers ) on it right now. Kitimat, PR or Vancouver, they just need someone to make up their minds.

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