"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Thursday, July 28, 2011

China buys oil fields in Texas

  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

State-owned China National Offshore Oil Corporation energy giant (CNOOC) is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves reports the San Antonio Express-News.

With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.

It also might pick up some American know-how about tapping the hard-to-get deposits trapped in dense shale rock formations, analysts said.

As part of the deal, the largest purchase of an interest in U.S. energy assets by a Chinese company, CNOOC has agreed to pay about $1.1 billion for a chunk of Chesapeake's assets in the Eagle Ford, a broad oil and gas formation that runs largely from southwest of San Antonio to the Mexican border.
CNOOC also will provide up to $1.1 billion more to cover drilling costs.

Communist China is buying land, businesses and natural resources all over the world.

The deal represents China's second try at making a big move into the U.S. oil and gas market, following a failed bid five years ago to buy California-based Unocal Corp.   (My SA article)

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)

China buys U.S. general aviation companies

In the past year, China has been "snapping up" U.S. general aviation companies, including a recent deal to buy cash-strapped Cirrus Aircraft, an aviation consultant noted in a recent report.

While the purchase of Cirrus is a small transaction, it underscores China's plans to expand its aviation industry reports the Wichita Eagle.

"In buying up established companies, China gets the management know-how, brand, distribution, technology in days, not decades," said Brian Foley, with Brian Foley Associates.

A booth of China Aviation Industry General Aircraft Co Ltd
at an industrial show in Beijing.
 After Foley wrote a report on the issue two weeks ago, he received an "outpouring" of calls from the aviation community frustrated that Chinese companies are buying U.S.-based ones, he said.

The speed and passion of the feedback was a surprise, he said.

"It occurred to me that it may not be too late to try to get another offer in on Cirrus," Foley said.

The deal between a division of China Aviation Industry General Aircraft, or CAIGA, a Chinese state-owned company, and Cirrus isn't slated to close until July.

In April, CAIGA purchased Epic Air for $4.3 million. The small general aviation aircraft company, based in Bend, Ore., had filed for bankruptcy.

In December, a subsidiary of CAIGA said it would buy aviation engine maker Teledyne Continental Motors for $186 million in cash.

Last month, CAIGA announced it would buy Cirrus for an undisclosed sum. The company, based in Duluth, Minn., is now owned by Middle East investors.

It delivered 264 Cirrus SR20, SR22 and SR22T single-engine aircraft last year. The planes are made using carbon-fiber composites. It also has a small jet in development.

China is also trying to buy Dubai-based Emivest Aerospace, once Sino Swearingen, which built a small business jet called the SJ30.

The buying spree is a two-prong strategy on China's part, Foley said.

How is that hope and change
working out for you?  The
selling out of America is
bi-partisan.  No matter who
holds power nothing changes.
 China is also trying to buy Dubai-based Emivest Aerospace, once Sino Swearingen, which built a small business jet called the SJ30.

The buying spree is a two-prong strategy on China's part, Foley said.

First, developing civil aviation is a Chinese national priority.

China has begun relaxing airspace restrictions for low-altitude airspace, and plane makers consider China an emerging market for sales.

"They have an exploding need for aviation," said Rolland Vincent, an aviation consultant based in Plano, Texas. "It makes sense for them to service their own market."

Second, the deals also make economic sense.

China has an abundance of cash, and general aviation is at the bottom of the market cycle, Foley said.

So far, none of the acquisitions have been sizable, he noted. But the composite technology used in some general aviation aircraft is important, Vincent said.

The Bi-Partisan selling out of American jobs, technology and natural resources goes on and on.
No matter which party you vote for the trashing of the nation never stops.  Say hello to a New World
Order of the Government-Corporate Big Brother state.

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