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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

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BM4225 Champion Author Atlanta Posts:10,239 Points:2,118,805 Joined:Aug 2006	Message Posted: Jul 25, 2012 4:12:54 AM Ignore BM4225 Report Abuse 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.
TravelinMan52 Champion Author Augusta Posts:2,065 Points:991,345 Joined:May 2008	Message Posted: Jul 25, 2012 4:07:52 AM Ignore TravelinMan52 Report Abuse Interesting, we'll see what happens next. Whether we want to or not.
wendy1john32 Champion Author Los Angeles Posts:1,758 Points:1,077,140 Joined:Jul 2009	Message Posted: Jul 25, 2012 4:06:18 AM Ignore wendy1john32 Report Abuse Wow! China doesn't just buy the oil, it buys the oil companies!
gmcgas Champion Author Atlanta Posts:6,094 Points:1,741,870 Joined:Mar 2004	Message Posted: Jul 25, 2012 4:03:57 AM Ignore gmcgas Report Abuse hummmmm
djgunrunner Champion Author Salt Lake City Posts:10,252 Points:2,376,305 Joined:Apr 2005	Message Posted: Jul 25, 2012 4:03:08 AM Ignore djgunrunner Report Abuse 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]
pepinoNC Champion Author Raleigh Posts:2,291 Points:686,265 Joined:May 2011	Message Posted: Jul 25, 2012 3:22:30 AM Ignore pepinoNC Report Abuse Trump manufactures his clothing line in china. Why is he whining about this? Willard should pick him as VP.
bigbob1950 Veteran Author Milwaukee Posts:324 Points:905,050 Joined:Jan 2007	Message Posted: Jul 25, 2012 3:18:35 AM Ignore bigbob1950 Report Abuse ok
JohnofGB Champion Author Flint Posts:5,561 Points:1,123,895 Joined:Feb 2010	Message Posted: Jul 25, 2012 2:59:31 AM Ignore JohnofGB Report Abuse Heck with China. North America first.
gaswatchON Veteran Author Ontario Posts:475 Points:120,435 Joined:May 2012	Message Posted: Jul 25, 2012 2:14:00 AM Ignore gaswatchON Report Abuse 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
OilOnTheCheap Champion Author Ventura Posts:2,255 Points:476,985 Joined:Jan 2012	Message Posted: Jul 25, 2012 1:32:23 AM Ignore OilOnTheCheap Report Abuse What will China buy next … Canada?
Jkent1953 Champion Author Salt Lake City Posts:2,131 Points:468,510 Joined:Dec 2011	Message Posted: Jul 25, 2012 1:22:44 AM Ignore Jkent1953 Report Abuse Maybe we think it will be cheaper to buy oil from China.
cutter1330 Champion Author Oklahoma Posts:8,138 Points:1,719,450 Joined:Jul 2005	Message Posted: Jul 25, 2012 12:45:54 AM Ignore cutter1330 Report Abuse Thanks Mr. Prez for dragging your feet!!!
isem Champion Author Missouri Posts:2,066 Points:450,885 Joined:Feb 2012	Message Posted: Jul 25, 2012 12:45:18 AM Ignore isem Report Abuse Moving on..
defiancegasman Champion Author Ohio Posts:7,099 Points:1,327,520 Joined:May 2006	Message Posted: Jul 25, 2012 12:38:06 AM Ignore defiancegasman Report Abuse 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!!
bobdec Champion Author Miami Posts:9,104 Points:1,797,520 Joined:May 2008	Message Posted: Jul 25, 2012 12:34:17 AM Ignore bobdec Report Abuse China is getting too powerful
streetcars Champion Author Toledo Posts:12,404 Points:2,634,340 Joined:Apr 2005	Message Posted: Jul 25, 2012 12:32:45 AM Ignore streetcars Report Abuse 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.
judgemobile Champion Author Ohio Posts:7,705 Points:2,472,635 Joined:Nov 2005	Message Posted: Jul 25, 2012 12:31:31 AM Ignore judgemobile Report Abuse @humblepie: YOU ARE SO RIGHT !!!!!!!!!!!!!!!!!!!!!!!!!
humblepie Champion Author Toledo Posts:35,325 Points:2,399,070 Joined:Mar 2006	Message Posted: Jul 25, 2012 12:29:12 AM Ignore humblepie Report Abuse obama is such a fool, he is easily amercas worst president EVER, as jimmy carter slides to number two........
vulcan96 Champion Author Ohio Posts:27,145 Points:3,126,955 Joined:Aug 2004	Message Posted: Jul 25, 2012 12:27:26 AM Ignore vulcan96 Report Abuse and the band plays on.....
OWENALOTT Champion Author Appleton Posts:2,182 Points:500,095 Joined:Apr 2011	Message Posted: Jul 25, 2012 12:26:11 AM Ignore OWENALOTT Report Abuse Maybe we Americans could learn a few things from China?
dcone2 Champion Author Los Angeles Posts:1,060 Points:111,360 Joined:Jul 2012	Message Posted: Jul 25, 2012 12:24:29 AM Ignore dcone2 Report Abuse Not good for the USA.
kcboy Champion Author Utah Posts:4,089 Points:1,533,170 Joined:Jun 2005	Message Posted: Jul 25, 2012 12:23:08 AM Ignore kcboy Report Abuse ok
Liefhebber Champion Author Chicago Posts:2,525 Points:393,950 Joined:May 2012	Message Posted: Jul 25, 2012 12:22:51 AM Ignore Liefhebber Report Abuse Donald Trump is "America's Buffoon."
BobD2009 Champion Author Long Island Posts:7,129 Points:1,267,485 Joined:Apr 2009	Message Posted: Jul 25, 2012 12:21:45 AM Ignore BobD2009 Report Abuse Like Donald Trump says China is eating us alive. Like Trump you can blame Obama.
yonasb Champion Author Houston Posts:3,463 Points:758,000 Joined:Apr 2011	Message Posted: Jul 25, 2012 12:21:42 AM Ignore yonasb Report Abuse ok
tatker Champion Author Asheville Posts:2,100 Points:585,355 Joined:Dec 2010	Message Posted: Jul 25, 2012 12:20:05 AM Ignore tatker Report Abuse Learn Chinese peeps
dave1745 Champion Author Gary Posts:1,263 Points:762,670 Joined:Dec 2010	Message Posted: Jul 25, 2012 12:20:00 AM Ignore dave1745 Report Abuse hmm
bills299 Champion Author Atlanta Posts:3,506 Points:932,190 Joined:May 2005	Message Posted: Jul 25, 2012 12:19:14 AM Ignore bills299 Report Abuse Wow!!
roadrunnerMO Champion Author Kansas Posts:8,547 Points:1,727,165 Joined:Jul 2008	Message Posted: Jul 25, 2012 12:19:10 AM Ignore roadrunnerMO Report Abuse 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.
RENEGADEGAS Champion Author Missouri Posts:15,069 Points:1,618,825 Joined:Jul 2008	Message Posted: Jul 25, 2012 12:17:07 AM Ignore RENEGADEGAS Report Abuse Thanks to the current washington regime America loses again!
rd2000 Champion Author Florida Posts:3,712 Points:714,695 Joined:Jul 2007	Message Posted: Jul 25, 2012 12:17:04 AM Ignore rd2000 Report Abuse yes this could be very bad for the US
emcGas All-Star Author College Station Posts:992 Points:282,395 Joined:Apr 2011	Message Posted: Jul 25, 2012 12:16:48 AM Ignore emcGas Report Abuse bad
PetroScopper Champion Author Houston Posts:6,760 Points:1,577,635 Joined:Aug 2008	Message Posted: Jul 25, 2012 12:16:21 AM Ignore PetroScopper Report Abuse 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.
wally52 Champion Author Little Rock Posts:27,767 Points:842,290 Joined:Jan 2011	Message Posted: Jul 25, 2012 12:14:39 AM Ignore wally52 Report Abuse This could be bad for USA
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Jul 25, 2012 12:11:34 AM Ignore kgbellman Report Abuse It seems to have only been a matter of time
GAS1251 Champion Author Texas Posts:5,293 Points:1,653,910 Joined:Jun 2008	Message Posted: Jul 25, 2012 12:09:54 AM Ignore GAS1251 Report Abuse If our government is working against them, they are entitled to find another outlet.
Tigercat88 Champion Author North Carolina Posts:3,337 Points:644,565 Joined:Jul 2011	Message Posted: Jul 25, 2012 12:07:22 AM Ignore Tigercat88 Report Abuse None of our business.
TBONE3 Champion Author Pennsylvania Posts:8,881 Points:2,004,125 Joined:Mar 2005	Message Posted: Jul 25, 2012 12:05:25 AM Ignore TBONE3 Report Abuse The choice is Canada's to make.
jrschl Champion Author Louisville Posts:3,102 Points:707,790 Joined:Jun 2011	Message Posted: Jul 25, 2012 12:04:43 AM Ignore jrschl Report Abuse Terrible news.
DirtDauber Champion Author San Antonio Posts:6,922 Points:1,655,160 Joined:Nov 2005	Message Posted: Jul 25, 2012 12:04:12 AM Ignore DirtDauber Report Abuse They own it, they can move wherever they choose.
Tundralimited2009 Champion Author Dallas Posts:38,812 Points:1,447,425 Joined:Feb 2009	Message Posted: Jul 25, 2012 12:03:48 AM Ignore Tundralimited2009 Report Abuse Go China
Thomtec Champion Author Nashville Posts:2,600 Points:635,395 Joined:May 2011	Message Posted: Jul 25, 2012 12:03:43 AM Ignore Thomtec Report Abuse ok
shores4now Champion Author Kentucky Posts:2,549 Points:551,500 Joined:Jul 2009	Message Posted: Jul 25, 2012 12:02:35 AM Ignore shores4now Report Abuse Ok
mfeldstein Champion Author Ottawa Posts:8,301 Points:1,956,230 Joined:Feb 2007	Message Posted: Jul 25, 2012 12:01:37 AM Ignore mfeldstein Report Abuse If Harper has his way, China will buy Canada outright.
Ron77095 Champion Author Houston Posts:3,200 Points:630,375 Joined:Sep 2011	Message Posted: Jul 25, 2012 12:01:27 AM Ignore Ron77095 Report Abuse What?
asog75 All-Star Author Indiana Posts:838 Points:283,245 Joined:Aug 2011	Message Posted: Jul 25, 2012 12:00:39 AM Ignore asog75 Report Abuse we borrow money from china,then they buy Canada resorces,and we all get screwed
Colts13 Champion Author Indiana Posts:1,716 Points:572,460 Joined:Mar 2011	Message Posted: Jul 24, 2012 11:58:42 PM Ignore Colts13 Report Abuse Ok.
esquared Champion Author Oklahoma City Posts:8,202 Points:1,996,835 Joined:Jan 2006	Message Posted: Jul 24, 2012 11:58:05 PM Ignore esquared Report Abuse Just remember there's that little geographic barrier known as the Rocky Mountains that must be surmounted.
ManOfLeisureII Champion Author Philadelphia Posts:2,015 Points:481,100 Joined:Jan 2012	Message Posted: Jul 24, 2012 11:57:24 PM Ignore ManOfLeisureII Report Abuse While we miss our chance to stop paying the Arabs to kill us...
aggietim Champion Author Fort Worth Posts:1,831 Points:717,050 Joined:Oct 2008	Message Posted: Jul 24, 2012 11:57:22 PM Ignore aggietim Report Abuse hmm