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Nexen takeover raises pipeline issues

Toronto Star -- It’s one thing for China to buy Canadian oil companies. It’s another thing altogether to move the oil to Asia.

The bid by China’s CNOOC to buy Nexen Inc. throws more focus on the Canada’s simmering pipeline debate, since it takes pipes to move the oil to ports for shipment to foreign markets.

While most of Nexen’s production is overseas, it has an important oil sands facility at long Lake.

And trade experts predict that China will be shopping for more Canadian oil companies – and their production – in the future.

That means moving more oil to overseas markets. Canadian pipeline currently carry about 3.2 million barrels a day of oil and other liquids, but many lines service only North American markets.

Canada’s oil production is projected to double by 2030.


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Submitted Jul 25, 2012 By: BurntOrange
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Nexen takeover raises pipeline issues Post a Reply Back to Topics
REPLIES (newest first)
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BM4225
Champion Author Atlanta

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Points:2,097,220
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Message Posted: Jul 25, 2012 4:12:54 AM

China doesn't have to go to war with us to defeat us, just put us out of business with our own money. Canada is a large source of our oil, with China purchase their oil it will no longer come here. They are using the money we spend at Walmart, which purchases their goods from China, so it looks like our present energy Zar will get what he wants, $8+ for a gallon of gas, this will get us to thing green, as we go broke and have to depend on Washington for food, because we will be spending all we make for gas.
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TravelinMan52
Champion Author Augusta

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Message Posted: Jul 25, 2012 4:07:52 AM

Interesting, we'll see what happens next. Whether we want to or not.
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wendy1john32
Champion Author Los Angeles

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Message Posted: Jul 25, 2012 4:06:18 AM

Wow! China doesn't just buy the oil, it buys the oil companies!
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gmcgas
Champion Author Atlanta

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Message Posted: Jul 25, 2012 4:03:57 AM

hummmmm
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djgunrunner
Champion Author Salt Lake City

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Message Posted: Jul 25, 2012 4:03:08 AM

The ultimate greed is when you sell out your self for 30 pieces of silver. The country be damned as long as you make a profit. To me it is sickening. We are not talking a few bits of clothing here but security of countries and who will end up owning Canada.

[Edited by: djgunrunner at 7/25/2012 5:04:37 AM EST]
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pepinoNC
Champion Author Raleigh

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Message Posted: Jul 25, 2012 3:22:30 AM

Trump manufactures his clothing line in china. Why is he whining about this? Willard should pick him as VP.
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bigbob1950
Veteran Author Milwaukee

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Message Posted: Jul 25, 2012 3:18:35 AM

ok
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JohnofGB
Champion Author Flint

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Message Posted: Jul 25, 2012 2:59:31 AM

Heck with China. North America first.
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gaswatchON
Veteran Author Ontario

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Message Posted: Jul 25, 2012 2:14:00 AM

Take care of at home markets first... If the Canadian Gov't allows China to buy Nexen Inc then we should sell China, Harper and his cronies, to put in an IDIOT circus
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OilOnTheCheap
Champion Author Ventura

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Message Posted: Jul 25, 2012 1:32:23 AM

What will China buy next … Canada?
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Jkent1953
Champion Author Salt Lake City

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Message Posted: Jul 25, 2012 1:22:44 AM

Maybe we think it will be cheaper to buy oil from China.
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cutter1330
Champion Author Oklahoma

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Message Posted: Jul 25, 2012 12:45:54 AM

Thanks Mr. Prez for dragging your feet!!!
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isem
Champion Author Missouri

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Message Posted: Jul 25, 2012 12:45:18 AM

Moving on..
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defiancegasman
Champion Author Ohio

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Message Posted: Jul 25, 2012 12:38:06 AM

it takes pipes to move the oil to ports for shipment to foreign markets.

And the PIPELINES being held up would move oil to PORT CITIES to SHIP OVERSEAS!!!! Good enough reason to STOP KEYSTONE FOREVER!!
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bobdec
Champion Author Miami

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Message Posted: Jul 25, 2012 12:34:17 AM

China is getting too powerful
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streetcars
Champion Author Toledo

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Message Posted: Jul 25, 2012 12:32:45 AM

Hear it, that big sucking sound is back. This time it is not good paying manufacturing jobs, but the energy we need to be competitive in a world market.
And most of those who represent us don't hear it cause they are already rich and don't give a fat rats ass about it.
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judgemobile
Champion Author Ohio

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Message Posted: Jul 25, 2012 12:31:31 AM

@humblepie: YOU ARE SO RIGHT !!!!!!!!!!!!!!!!!!!!!!!!!
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humblepie
Champion Author Toledo

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Message Posted: Jul 25, 2012 12:29:12 AM

obama is such a fool, he is easily amercas worst
president EVER, as jimmy carter slides to number two........
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vulcan96
Champion Author Ohio

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Message Posted: Jul 25, 2012 12:27:26 AM

and the band plays on.....
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OWENALOTT
Champion Author Appleton

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Message Posted: Jul 25, 2012 12:26:11 AM

Maybe we Americans could learn a few things from China?
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dcone2
All-Star Author Los Angeles

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Message Posted: Jul 25, 2012 12:24:29 AM

Not good for the USA.
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kcboy
Champion Author Utah

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Message Posted: Jul 25, 2012 12:23:08 AM

ok
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Liefhebber
Champion Author Chicago

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Message Posted: Jul 25, 2012 12:22:51 AM

Donald Trump is "America's Buffoon."
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BobD2009
Champion Author Long Island

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Message Posted: Jul 25, 2012 12:21:45 AM

Like Donald Trump says China is eating us alive. Like Trump you can blame Obama.
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yonasb
Champion Author Houston

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Message Posted: Jul 25, 2012 12:21:42 AM

ok
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tatker
Champion Author Asheville

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Message Posted: Jul 25, 2012 12:20:05 AM

Learn Chinese peeps
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dave1745
Champion Author Gary

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Message Posted: Jul 25, 2012 12:20:00 AM

hmm
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bills299
Champion Author Atlanta

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Message Posted: Jul 25, 2012 12:19:14 AM

Wow!!
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roadrunnerMO
Champion Author Kansas

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Message Posted: Jul 25, 2012 12:19:10 AM

Obama is partially to blame for lack of progress on a pipeline. Now maybe we do not need it running through our country after all. Jobs be darned.

Vote for change in November. NOBAMA for votes.
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RENEGADEGAS
Champion Author Missouri

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Message Posted: Jul 25, 2012 12:17:07 AM

Thanks to the current washington regime America loses again!
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rd2000
Champion Author Florida

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Message Posted: Jul 25, 2012 12:17:04 AM

yes this could be very bad for the US
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emcGas
All-Star Author College Station

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Message Posted: Jul 25, 2012 12:16:48 AM

bad
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PetroScopper
Champion Author Houston

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Message Posted: Jul 25, 2012 12:16:21 AM

China is making the moves that they have to make in order to be protected and supplied in the coming years. Who can blame them for positioning their country for the increased driving and growing population.
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wally52
Champion Author Little Rock

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Message Posted: Jul 25, 2012 12:14:39 AM

This could be bad for USA
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kgbellman
Champion Author Ann Arbor

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Message Posted: Jul 25, 2012 12:11:34 AM

It seems to have only been a matter of time
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GAS1251
Champion Author Texas

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Message Posted: Jul 25, 2012 12:09:54 AM

If our government is working against them, they are entitled to find another outlet.
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Tigercat88
Champion Author North Carolina

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Message Posted: Jul 25, 2012 12:07:22 AM

None of our business.
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TBONE3
Champion Author Pennsylvania

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Message Posted: Jul 25, 2012 12:05:25 AM

The choice is Canada's to make.
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jrschl
Champion Author Louisville

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Message Posted: Jul 25, 2012 12:04:43 AM

Terrible news.
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DirtDauber
Champion Author San Antonio

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Message Posted: Jul 25, 2012 12:04:12 AM

They own it, they can move wherever they choose.
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Tundralimited2009
Champion Author Dallas

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Message Posted: Jul 25, 2012 12:03:48 AM

Go China
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Thomtec
Champion Author Nashville

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Message Posted: Jul 25, 2012 12:03:43 AM

ok
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shores4now
Champion Author Kentucky

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Message Posted: Jul 25, 2012 12:02:35 AM

Ok
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mfeldstein
Champion Author Ottawa

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Message Posted: Jul 25, 2012 12:01:37 AM

If Harper has his way, China will buy Canada outright.
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Ron77095
Champion Author Houston

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Message Posted: Jul 25, 2012 12:01:27 AM

What?
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asog75
All-Star Author Indiana

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Message Posted: Jul 25, 2012 12:00:39 AM

we borrow money from china,then they buy Canada resorces,and we all get screwed
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Colts13
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Message Posted: Jul 24, 2012 11:58:42 PM

Ok.
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esquared
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Message Posted: Jul 24, 2012 11:58:05 PM

Just remember there's that little geographic barrier known as the Rocky Mountains that must be surmounted.
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ManOfLeisureII
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Message Posted: Jul 24, 2012 11:57:24 PM

While we miss our chance to stop paying the Arabs to kill us...
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aggietim
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Message Posted: Jul 24, 2012 11:57:22 PM

hmm
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