| State-owned Chinese energy giant CNOOC will be drilling on the 14,000 acres |
where Mike Whitwell runs cattle.
There is a giant garage sale taking place in America. Everything must go: oil fields, airplane companies, coal mines, technology and good middle class jobs.
Say good-bye. They are gone forever.
READ THIS ARTICLE: Educate yourself. Your Elite Beltway Puppetmasters will not tell you what is really happening to America and to other nations of the world. They will try to distract you from the rape of the United States with so-called "important issues". Watch out for those darn Gays the right wing screams. Republicans hate brown and black people screams the left wing. And both sides try to get you angry about the debt ceiling when neither party is willing to do anything meaningful.
So while you are distracted by nonsense the assets of the United States are sold, middle class jobs are shipped to third world nations and the people are doomed to a future of poverty.
China deep in the heart of Texas
India buying U.S. coal mines, shale gas fields
Foreign companies are buying up U.S. coal mines.
The United States and other nations are becoming "Energy Colonies" for China and India.
In a statement the chairman of Coal India Ltd., a state-controlled entity and the world's largest coal producer, with a near-monopoly on Indian coal mining, confirmed that the firm was in talks with several U.S. coal companies to buy stakes in mines throughout the continental U.S. According to the Associated Press, Coal India has budgeted $1.2 billion this year alone to buy American, Australian, and Indonesian coal mines. Facing voracious energy demands and a yawning gap between domestic supplies of coal and projected needs, the company is going on a global buying spree.
|Partha S. Bhattacharyya, Chairman, Coal India Ltd.|
It is not alone. Reliance Industries, also of India, bought a $3.4 billion stake in three U.S. shale gas companies earlier this year. In March, India's Essar Group acquired Trinity Coal for $600 million; the company has active mines in Kentucky and West Virginia.
China's ENN Energy Trading, a subsidiary of one of China's largest natural gas companies, signed a preliminary purchase agreement in early November with Cheniere Energy for 20 years of processing capacity at Cheniere's Sabine Pass LNG terminal, located on the border of Louisiana and Texas. (Associated Press article)
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