Beijing acquiring major ownership in oil, natural gas across nation
Jerome R. Corsi
WorldNetDaily
1/22/2013
NEW YORK – The Obama administration is quietly allowing China to acquire major ownership interests in oil and natural gas resources across the U.S.
The decision to allow China to compete for U.S. oil and natural gas resources appears to stem from a need to keep Beijing economically interested in lending to the U.S. The Obama administration has run $1-trillion-plus annual federal budget deficits since taking office that likely will continue in the second term.
Allowing China to have equity interests in U.S. energy production is a reversal of the Bush administration’s policy. In 2005, the Bush administration blocked China on grounds of national security from an $18.4 billion deal to purchase California-based Unocal Corp.
As WND reported Monday [“China poised to play debt card – for U.S. land”] Beijing has been developing a proposal in which real estate on American soil owned by China would be set up as “development zones” to establish Chinese-owned businesses and bring in its citizens to the U.S. to work.
China’s first major move into the U.S. oil and natural gas market can be traced to October 2009, when the state-owned Chinese energy giant CNOOC bought a multi-million dollar stake in 600,000 acres of South Texas oil and gas fields…
The article continues at WorldNetDaily.
H/T GTF
So, you can understand their logic here: Chinese State Media Demands US Citizens Be Disarmed
…The current Chinese government, the communist People’s Republic of China, was established in a revolution led by Mao Zedong, who killed an estimated 40-70 million people with starvation, executions, and re-education camps.
