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View Full Version : US snubs Canadian oil – So Canada negotiating exporting oil to China


JUPITERASC
02-07-2012, 03:39 AM
http://www.youtube.com/watch?v=wdjpzgaTqcA QUOTED NEWS NOTES::smile:

“Canadian Prime Minister Stephen Harper has a crucial state visit this week to China and is anxious to construct a Pacific oil pipeline after President Barack Obama rejected the building of a route from Alberta to Texas by TransCanada's Keystone XL, largely on environmental and safety concerns. CBC reported that 99 percent of Canadian crude oil is currently shipped to the United States and Harper clearly wants to diversify his country's customer base for energy products. BBC reported that Chinese state-owned companies have already invested in excess of $16-billion in Canadian energy projects, including oil-sands, over the past two years.

At 170 billion barrels, Canada's oil sands are the third-largest crude deposit in the world and China has already made clear it would like to import Canadian oil to help power its rapidly expanding economy.”