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http://blogs.wsj.com/chinareal...nto-american-waters/
So, I guess we will buy our own oil from China in the future. We can't drill here in the US, but China can? WTF!!! ********** ‘‘Are we at last brought to such humiliating and debasing degradation, that we cannot be trusted with arms for our defense? ... If our defense be the real object of having those arms, in whose hands can they be trusted with more propriety, or equal safety to us, as in our own hands?’’ — Patrick Henry |
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What's your point? The US already allows drilling in that area, otherwise the lease wouldn't have existed for the Norwegians to get in the first place and now sell to the Chinese.
---------- Courage is the complement of fear. A man who is fearless cannot be courageous. (He is also a fool.) -- R.A.H. |
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I drink you're milkshake! I drink it up!
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Next thing you know we'll be giving them our missile guidance technology... oh wait, nevermind.
.................................................................................................................. A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and he carries his banners openly. But the traitor moves among those within the gate freely, his sly whispers rustling through all the galleys, heard in the very hall of government itself. For the traitor appears not a traitor - he speaks in the accents familiar to his victims, and wears their face and their garment, and he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation - he works secretly and unknown in the night to undermine the pillars of a city - he infects the body politic so that it can no longer resist. A murderer is less to be feared. ∑ Cicero, 42 B.C. |
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My point is that I'm personally irate that US big business and big oil continue to sell the U.S. down the river and our elected officials allow them to do it. At the rate we're going, by 2020 the only thing we will export is wheat.
The thing is, is that America has fallen victim to its own devices. How can we ever hope to remain a world power if we give away the very things that make us powerful. It runs so much deeper than a few oil leases. ********** ‘‘Are we at last brought to such humiliating and debasing degradation, that we cannot be trusted with arms for our defense? ... If our defense be the real object of having those arms, in whose hands can they be trusted with more propriety, or equal safety to us, as in our own hands?’’ — Patrick Henry |
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So... capitalism is only good when its american companies selling to americans? Norway already owned those leases... They're not 'Ours' If US owned companies want to drill them they should have bought all those leases. I'm guessing they had/have more profitable places to drill already and most likely don't have to deal with all the bureaucratic bs in other countries like they would here. Shawn I reject your reality and substitute my own. --Adam Savage, MythBusters |
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I'm confident that the government will do what they can to screw up wheat farming and exports as well. |
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I earned my bombasticity  |
I was under the impression that it was closed to drilling by US companies. Hence the controversy of foreign oil corporations being able to secure leases and drilling rights off of US shores... but not US companies. "The American people will never knowingly adopt Socialism. But under the name of 'liberalism' they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened." --Norman Thomas  |
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My understanding is new leases aren't available, but if a US company held the lease, they'd be able to drill. Of course, leases held by foreign companies are closed to drilling by US companies because US companies don't own the leases. ---------- Courage is the complement of fear. A man who is fearless cannot be courageous. (He is also a fool.) -- R.A.H. |
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Yes! Whenever I get into a disagreement about someone when I favor some sort of small limits on pure capitalism (for example I am in favor of TR's anti-trust laws) I cite that what is best for Capitalism and business is not always what is best for the country. I guess you could most accurately describe me as a nationalist. I honestly don't care about any other country as long as the US is on top of the heap. That is why I'm in favor of limited protectionism as well. A nation truly remains powerful due to its ability to wage war and win on other nations. I don't believe that it is wise to depend upon other nations to support our own war efforts for example. I ultimately believe that capitalism is the best system and should not be impeded upon to the level that it is today. However, I do believe that the interests of our national power should be the highest on our priority list. So to make my already long answer and explanation even longer, I am most in favor of capitalism when it is the US that realizes the advantage from it and not another country. **The views expressed above represent those of the poster only and not necessarily those of his employer** **Any advice given should not be considered legal counsel and used for entertainment purposes only** -Chance favors the prepared mind -"Guns don't kill people. People Kill People. Guns defend people from people with smaller guns." - American Dad -The best social services program is a job. |
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This is my thinking as well. I must be one of the few that don't feel China is our best friend and we don't want to hurt their feelings by taxing their slave labor wage products. I remember Obama said he would penalize companies that send jobs overseas (most are already there I guess)and the ecomomy is everyone's biggest concern yet I have not heard one word about leveling the playfield. I am for free trade with other free countries but China, there needs to be some control there. Also we are not going to win their people's hearts and minds with capitalism and change their government that way. They are beating us or maybe they have already won. "What one man can do, another man can do." |
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True enough. But, in this case we have drilling rights sold to one foreign company who, in turn, sold it to another. Unless there was a clause in there that said any resale must have US Dept. of Interior/Energy/State/whatever approval there's not much to be done. ---------- Courage is the complement of fear. A man who is fearless cannot be courageous. (He is also a fool.) -- R.A.H. |
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"Chinese capitalism" isn't capitalism at all, however. They're currently a crossbreed monster of quasi socialistic-capitalism. A Chinese corporation doesn't need any capital at all to go out and buy/sell stuff at anti-competitive rates. All it needs is a healthy injection of government money and support, and things happen. A capitalistic economy works chiefly on supply, demand and competition. Given some of China's prior federally funded anti-competitive conduct, just how do imagine it's all going to work when China comes to own a majority of these resources they are actively seeking? It's not just oil either... The lifeblood of China, via the first world consumer is buying up all kinds of natural resources all around the world. I think this is what the OP is worried about, and rightfully so. Do you honestly believe they won't have us by the short hairs at first opportunity? |
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Nope. ---------- Courage is the complement of fear. A man who is fearless cannot be courageous. (He is also a fool.) -- R.A.H. |
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Apologies for the fix, reconair. ;-)  |
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Apology accepted. ********** ‘‘Are we at last brought to such humiliating and debasing degradation, that we cannot be trusted with arms for our defense? ... If our defense be the real object of having those arms, in whose hands can they be trusted with more propriety, or equal safety to us, as in our own hands?’’ — Patrick Henry |
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This is like the mob. We owe them so much money they now own us.
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You must bow to the Overlords...bow now, underlings!
Ez "Lions led by donkeys will never defeat donkeys led by lions" - Alexander Lebed - |
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