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Permalink Reply by adubu on October 23, 2012 at 15:02

They want control of the commodites and assets

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Permalink Reply by Hopeful About Natural Gas on October 23, 2012 at 15:50

That's a conspiracy theory that could come true. I recall how 30 years ago Nelson Bunker Hunt cornered the silver market (briefly)  I can see a government or group seeking to control these commodities and the knowledge base that produced them.

However, buying it and getting it back to China (or where ever) are two entirely different things. Korea has bought a lot of coal from the US and now towns around the NW are protesting the "coal trains".

Oregon's governor (a doctor) is opposing the trains through Oregon as a health and safety hazard. I dislike coal, but if people did buy the coal (or whatever) with the expectation that it would be shipped to them under our existing laws then I think we could have a big international trade problem if we did not honor those shipments.

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Permalink Reply by adubu on October 24, 2012 at 3:46

HANG--I don't think it's a conspiracy theory--It's a Fact China is buying up companies with their assets for future needs of their country. They need the energy to continue to develop their economy in future years. It would be difficult to stop someone from shipping what they own elsewhere  

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Permalink Reply by tc on October 24, 2012 at 5:09

You do know that it is illegal to ship U.S. produced oil to a foreign country.

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Permalink Reply by MLE on October 24, 2012 at 5:48

TC, that is the dumbest thing I've read on this site, and that says a lot.

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Permalink Reply by tc on October 24, 2012 at 7:04

MLE, do you feel stupid now for not knowing our laws!!!!!!

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Permalink Reply by MLE on October 24, 2012 at 7:08

No, not really. We export millions of barrels of crude each year.

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Permalink Reply by Todd Hackney on October 24, 2012 at 6:56

It is not illegal to export to crude oil from the U.S., but exports do require Commerce Department approval and are highly restricted.

http://realmoney.thestreet.com/articles/07/11/2012/lets-discuss-cru...

We currently export a small amount of Crude Oil to Canada due to the location of the closest refinery in that area.

 Crude Oil Exports by destination:

http://www.eia.gov/dnav/pet/pet_move_expc_a_EPC0_EEX_mbblpd_m.htm

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Permalink Reply by RONNY on October 24, 2012 at 10:27

The Chinese are looking to unload some t-bills for something a little safer.

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Permalink Reply by dingojoe on October 27, 2012 at 8:48

Platts has an article basically saying that the NG companies took their money but have blocked them from learning about fracking. Sounds plausible (never trust an oilman/gasman) which means they won't be getting any more money from these foreign entities.  Maybe they've got something else lined up, or maybe not.

https://www.platts.com/LatestNewsHeadlines

The article is on the front page, but it may require registration to read.

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Permalink Reply by Hale Yayuh on October 27, 2012 at 10:16

I can't comprehend how the joint venture companies could sign such an agreement if they are doing it to gain technology. That doesn't make sense. As structured, it appears that profit potential would be the sole reason for funding.

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