Why China is Planning Ahead; It will Cost You Big Time!
Why a small area in the Kurdish Region is costing you money.
Part of my platform is to bring good paying jobs to Sacramento and to the country. Here is just a snapshot of what’s going on a half a world away.
China is again on a buying spree for energy companies. China’s State owned Sinopec Group just purchased Addax Petroleum for about $7.1 billion.
Why is this even worthy of an article? Let’s pull back the curtain and take a look.
China has been busy buying up energy and financing companies in Russia, Brazil, Venezuela and Kazakhstan. This new purchase of Addax puts them in the oil-rich offshore area of West Africa and in the Kurdish region of Iraq. Now stay with me here. Iraq… why should that ring a bell? Considering we just saved their country and spent billions doing so, wouldn’t you think the US would be the first one to get some payback for the billions the US taxpayer is on the hook for?
Iraqi oil minister Hussain al-Shahristani just gave approval for foreign oil companies to develop oil in the Kurdish region. Addax is the only company currently shipping oil from that region. Now owned by the Chinese! China uses 8 million barrels of oil per day. This new source will add 136,500 per day instantly. Remember China is also pumping in Cuba and in Nigeria. I ask you? How come the US is not getting a slice of the pie? Don’t you think Iraq should at least pay us back or give us some sort of preferential treatment for setting them free?
With the current administrations distaste of oil, our competitor countries are buying everything in site. Unless we reverse this trend and start drilling for US oil we will become the largest debtor nation in the world. Our economy will no longer be able to support itself when the cost for a gallon of gas goes over $5.00. Meanwhile governments like China will prosper and hold us hostage to their goods and services, and oil.
Waiting for windmills and solar panels to generate enough energy is a pipe dream for the next 30 years. The only options that we can do today is drill for Oil, build Nuclear Reactors, and burn Clean Coal. I am all for getting off foreign oil first and then developing our own alternate enegy source at the same time. We simply cannot go straight to green without killing our economy in this global economy.
Time to wake up America. We are quickly becoming an image in the rear view mirror for countries like China. When gas goes up to $4-5 per gallon remember this little deal between Iraq and China. How much more pain can you take?
My Proposal to take back America!
I will propose an immediate halt to all the lawsuits on existing approved leases in the Country and California. Two, I will make it attractive for companies to come to Sacramento and California to build Oil Rigs and the components. With existing approved leases California is short 62 platforms today. At a cost of $1.5 billion per unit, we will become the job capital of the nation.
The Paul Smith for Congress website is www.paulsmithforcongress.org
Paul Smith. Republican Candidate for the 5th Congressional District (Sacramento)
Sorry. You seem like a sharp guy. But you lost me when you jumped on the bandwagon and made jokes about “not being in Argentina”. Among the first to use somebody else’s tragedy (talking about the wife here, not the governor) for political gain.
I ain’t got a bit of use for ya. You are nothing but a “typical” politician.
Keep voting democrat Scott.
Scott, its not a joke. I won’t be wasting my time or the taxpayers money on trips to nowhere. I plan on doing the peoples business and getting the job done. Insert any other country if you need. The sad truth is that many of our politicians get elected and think its one giant vacation or a field trip. We can’t afford this thinking anymore. I agree this is horrible for the family and Stanford showed his true colors by abandoning them. If he can’t protect his own family, how can you trust him to lead a State? If you want real change, then vote someone else in. If you like the way things are keep voting for the incubent. Thanks for your comments.
Interesting. All we heard from the left for 5 years or so was that Bush was in Iraq for the oil. And yet we don’t seem to be getting much of it. We SHOULD be recouping our expenditures by means of their vast oil supplies. I would think that the free people of Iraq would not have a problem financing their freedom.
Secondly, Cervantes had it right 400 years ago. Don Obama and the left have this fantasy that wind energy is actually a plausible option. It simply will not pay for itself. Compare this to Don Quixote’s neuroses regarding windmills. He mistakes them for giants and attacks. His lance is broken in the engagement and for the moment he sees what the rest of the world sees – they are just windmills. However, just as Don Obama et al. refuse to listen to the scientific reality about the power of windmills, Don Quixote immediately creates some doublespeak about how the great Enchanter turned the giants into windmills. The problem is there is no Enchanter – wind power is a failure that we are throwing money at by the fistload. We need to stay grounded in reality and look at safe, modern nuclear and – in the short run – drill for and refine our own oil.