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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:10,119 Points:2,095,045 Joined:Aug 2006	Message Posted: Jul 24, 2012 11:12:54 PM 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:1,925 Points:963,645 Joined:May 2008	Message Posted: Jul 24, 2012 11:07:52 PM Ignore TravelinMan52 Report Abuse Interesting, we'll see what happens next. Whether we want to or not.
wendy1john32 Champion Author Los Angeles Posts:1,757 Points:1,055,495 Joined:Jul 2009	Message Posted: Jul 24, 2012 11:06:18 PM Ignore wendy1john32 Report Abuse Wow! China doesn't just buy the oil, it buys the oil companies!
gmcgas Champion Author Atlanta Posts:5,953 Points:1,714,170 Joined:Mar 2004	Message Posted: Jul 24, 2012 11:03:57 PM Ignore gmcgas Report Abuse hummmmm
djgunrunner Champion Author Salt Lake City Posts:10,099 Points:2,348,605 Joined:Apr 2005	Message Posted: Jul 24, 2012 11:03:08 PM 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:2,154 Points:658,790 Joined:May 2011	Message Posted: Jul 24, 2012 10:22:30 PM 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:881,900 Joined:Jan 2007	Message Posted: Jul 24, 2012 10:18:35 PM Ignore bigbob1950 Report Abuse ok
JohnofGB Champion Author Flint Posts:5,426 Points:1,097,170 Joined:Feb 2010	Message Posted: Jul 24, 2012 9:59:31 PM Ignore JohnofGB Report Abuse Heck with China. North America first.
gaswatchON Veteran Author Ontario Posts:463 Points:118,405 Joined:May 2012	Message Posted: Jul 24, 2012 9:14:00 PM 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:2,102 Points:450,385 Joined:Jan 2012	Message Posted: Jul 24, 2012 8:32:23 PM Ignore OilOnTheCheap Report Abuse What will China buy next … Canada?
Jkent1953 Champion Author Salt Lake City Posts:1,991 Points:440,935 Joined:Dec 2011	Message Posted: Jul 24, 2012 8:22:44 PM Ignore Jkent1953 Report Abuse Maybe we think it will be cheaper to buy oil from China.
cutter1330 Champion Author Oklahoma Posts:8,035 Points:1,694,115 Joined:Jul 2005	Message Posted: Jul 24, 2012 7:45:54 PM Ignore cutter1330 Report Abuse Thanks Mr. Prez for dragging your feet!!!
isem Champion Author Missouri Posts:1,926 Points:423,185 Joined:Feb 2012	Message Posted: Jul 24, 2012 7:45:18 PM Ignore isem Report Abuse Moving on..
defiancegasman Champion Author Ohio Posts:7,080 Points:1,323,260 Joined:May 2006	Message Posted: Jul 24, 2012 7:38:06 PM 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:8,964 Points:1,769,820 Joined:May 2008	Message Posted: Jul 24, 2012 7:34:17 PM Ignore bobdec Report Abuse China is getting too powerful
streetcars Champion Author Toledo Posts:12,269 Points:2,607,615 Joined:Apr 2005	Message Posted: Jul 24, 2012 7:32:45 PM 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:7,570 Points:2,445,135 Joined:Nov 2005	Message Posted: Jul 24, 2012 7:31:31 PM Ignore judgemobile Report Abuse @humblepie: YOU ARE SO RIGHT !!!!!!!!!!!!!!!!!!!!!!!!!
humblepie Champion Author Toledo Posts:34,231 Points:2,372,120 Joined:Mar 2006	Message Posted: Jul 24, 2012 7:29:12 PM 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:26,916 Points:3,103,675 Joined:Aug 2004	Message Posted: Jul 24, 2012 7:27:26 PM 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 24, 2012 7:26:11 PM Ignore OWENALOTT Report Abuse Maybe we Americans could learn a few things from China?
dcone2 All-Star Author Los Angeles Posts:919 Points:84,635 Joined:Jul 2012	Message Posted: Jul 24, 2012 7:24:29 PM Ignore dcone2 Report Abuse Not good for the USA.
kcboy Champion Author Utah Posts:3,973 Points:1,508,775 Joined:Jun 2005	Message Posted: Jul 24, 2012 7:23:08 PM Ignore kcboy Report Abuse ok
Liefhebber Champion Author Chicago Posts:2,352 Points:367,000 Joined:May 2012	Message Posted: Jul 24, 2012 7:22:51 PM Ignore Liefhebber Report Abuse Donald Trump is "America's Buffoon."
BobD2009 Champion Author Long Island Posts:6,994 Points:1,240,760 Joined:Apr 2009	Message Posted: Jul 24, 2012 7:21:45 PM 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:738,375 Joined:Apr 2011	Message Posted: Jul 24, 2012 7:21:42 PM Ignore yonasb Report Abuse ok
tatker Champion Author Asheville Posts:1,966 Points:559,830 Joined:Dec 2010	Message Posted: Jul 24, 2012 7:20:05 PM Ignore tatker Report Abuse Learn Chinese peeps
dave1745 Champion Author Gary Posts:1,262 Points:738,125 Joined:Dec 2010	Message Posted: Jul 24, 2012 7:20:00 PM Ignore dave1745 Report Abuse hmm
bills299 Champion Author Atlanta Posts:3,366 Points:904,490 Joined:May 2005	Message Posted: Jul 24, 2012 7:19:14 PM Ignore bills299 Report Abuse Wow!!
roadrunnerMO Champion Author Kansas Posts:8,409 Points:1,700,400 Joined:Jul 2008	Message Posted: Jul 24, 2012 7:19:10 PM 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:14,912 Points:1,591,225 Joined:Jul 2008	Message Posted: Jul 24, 2012 7:17:07 PM Ignore RENEGADEGAS Report Abuse Thanks to the current washington regime America loses again!
rd2000 Champion Author Florida Posts:3,571 Points:686,995 Joined:Jul 2007	Message Posted: Jul 24, 2012 7:17:04 PM Ignore rd2000 Report Abuse yes this could be very bad for the US
emcGas All-Star Author College Station Posts:886 Points:257,790 Joined:Apr 2011	Message Posted: Jul 24, 2012 7:16:48 PM Ignore emcGas Report Abuse bad
PetroScopper Champion Author Houston Posts:6,622 Points:1,549,975 Joined:Aug 2008	Message Posted: Jul 24, 2012 7:16:21 PM 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:27,452 Points:815,285 Joined:Jan 2011	Message Posted: Jul 24, 2012 7:14:39 PM Ignore wally52 Report Abuse This could be bad for USA
kgbellman Champion Author Ann Arbor Posts:2,713 Points:732,590 Joined:Mar 2011	Message Posted: Jul 24, 2012 7:11:34 PM Ignore kgbellman Report Abuse It seems to have only been a matter of time
GAS1251 Champion Author Texas Posts:5,148 Points:1,626,230 Joined:Jun 2008	Message Posted: Jul 24, 2012 7:09:54 PM Ignore GAS1251 Report Abuse If our government is working against them, they are entitled to find another outlet.
Tigercat88 Champion Author North Carolina Posts:3,197 Points:616,865 Joined:Jul 2011	Message Posted: Jul 24, 2012 7:07:22 PM Ignore Tigercat88 Report Abuse None of our business.
TBONE3 Champion Author Pennsylvania Posts:8,751 Points:1,977,625 Joined:Mar 2005	Message Posted: Jul 24, 2012 7:05:25 PM Ignore TBONE3 Report Abuse The choice is Canada's to make.
jrschl Champion Author Louisville Posts:2,972 Points:681,740 Joined:Jun 2011	Message Posted: Jul 24, 2012 7:04:43 PM Ignore jrschl Report Abuse Terrible news.
DirtDauber Champion Author San Antonio Posts:6,786 Points:1,628,435 Joined:Nov 2005	Message Posted: Jul 24, 2012 7:04:12 PM 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 24, 2012 7:03:48 PM Ignore Tundralimited2009 Report Abuse Go China
Thomtec Champion Author Nashville Posts:2,464 Points:608,145 Joined:May 2011	Message Posted: Jul 24, 2012 7:03:43 PM Ignore Thomtec Report Abuse ok
shores4now Champion Author Kentucky Posts:2,411 Points:524,775 Joined:Jul 2009	Message Posted: Jul 24, 2012 7:02:35 PM Ignore shores4now Report Abuse Ok
mfeldstein Champion Author Ottawa Posts:8,176 Points:1,931,455 Joined:Feb 2007	Message Posted: Jul 24, 2012 7:01:37 PM Ignore mfeldstein Report Abuse If Harper has his way, China will buy Canada outright.
Ron77095 Champion Author Houston Posts:3,065 Points:603,650 Joined:Sep 2011	Message Posted: Jul 24, 2012 7:01:27 PM Ignore Ron77095 Report Abuse What?
asog75 All-Star Author Indiana Posts:836 Points:278,405 Joined:Aug 2011	Message Posted: Jul 24, 2012 7:00:39 PM Ignore asog75 Report Abuse we borrow money from china,then they buy Canada resorces,and we all get screwed
Colts13 Champion Author Indiana Posts:1,576 Points:548,960 Joined:Mar 2011	Message Posted: Jul 24, 2012 6:58:42 PM Ignore Colts13 Report Abuse Ok.
esquared Champion Author Oklahoma City Posts:8,067 Points:1,970,110 Joined:Jan 2006	Message Posted: Jul 24, 2012 6:58:05 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:1,879 Points:455,125 Joined:Jan 2012	Message Posted: Jul 24, 2012 6:57:24 PM Ignore ManOfLeisureII Report Abuse While we miss our chance to stop paying the Arabs to kill us...
aggietim Champion Author Fort Worth Posts:1,756 Points:693,325 Joined:Oct 2008	Message Posted: Jul 24, 2012 6:57:22 PM Ignore aggietim Report Abuse hmm