Everybody knows that Barack Obama wants America to be energy independent; just ask him, and he’ll tell you so. What he won’t tell you is why he is standing by and watching while China is buying American oil and gas in alarming amounts. In an era that demands America use energy as wisely as possible, Obama is stopping us from searching for energy sources on our own soil, which is bad enough, but now Obama is allowing the Chinese to buy up as much of our oil and gas as they want.
Using two front corporations, the China National Offshore Oil Corporation and the State-Owned Assets Supervision as well as the Administration Commission of the State Council, the Chinese Communists have entered into a $570 million deal that gives it a third interest in an oil and gas field in Colorado and Wyoming. What’s worse is that language in the agreement has given the Chinese government the right to a third of ANY NEW oil or gas discovered in areas encompassed by this energy site.
Aside from having their tentacles in Colorado and Wyoming, other states where China has a sizable presence are as follows:
Louisiana – a $2.5 billion deal for 1/3 of a 265,000 acre energy field. China did likewise in buying a one-third share of a Michigan energy field.
The Chinese Communists have acquired a one-third share in energy producing fields in Ohio – Utica Shale field.
Oklahoma has them as well. The Chi-Coms own 1/3 of a 215,000 acre field based on a deal with Devon Energy.
In Texas, China owns 1/3 of the 600,000 acre Eagle Ford Shale energy field, and they own a small piece of the energy producing sections of the Gulf of Mexico.
What’s happening here is very obvious. The Chinese are Barack Obama’s loan shark. He can’t begin to pay them back what he has borrowed from them, so they are willing to take oil deals in partial payment. After all, he can’t give them the deed to the Grand Canyon – can he?
Photo credit: terrellaftermath
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.
Follow @WestJournalism
Loading ...
Obama will not drill our oil , and will let China when they own the land.
Get rid of Obama now.
since obama HATES the USA, he’s gladly selling it off. Geez, he’s a SCUMBAG!
Barry has already given away 7 islands of Alaska to Russia our friends. They are happy because there is lots of oil in the sea bed around there.
Obama hates America.
His goal is to reduce America to 3rd world status by every means possible.
He is a cancer in America.
He must be defeated and imprisoned.
In reply to the comment in this article about “Obama giving China the Grand Canyon”…No, he can’t, because it was already ‘given’ to the World in 1972 when ALL our National Parks, monuments and National Treasures became ‘property of the World’. They are now considered ‘UN World Heritage Sites’. American taxpayers just get to pick up the tab on their ‘maintenance’ … but WE are restricted on visiting them.
http://www.nationalcenter.org/NPA253.html
____ IF you read this please find Jerome Corsi’s interview with Alex Jones at infowars.com.
You see I always thought Obama has been locking up lands for Agenda 21 , it seems Obama is giving China American land for the debt we owe them. China wants us disarmed , this is why the push for the gun bans. China wants us disarmed . Obama is using the Cloward and Piven strategy to bankrupt America. When we are bankrupt they will bring in the Chinese to implement their system , capitalism under communism !!!!!!! Do not comply with registration of your guns , DO NOT .