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Monday, February 27, 2006

The Latest News of the Day

Today's Canada file:

Canada file - Communists looking for more Canadian resources: China National Petroleum Corporation (CNPC) is "eyeing a takeover of a major Canadian oil company - possibly Husky Energy Inc. or Canadian Natural Resources Ltd. - to gain a stake in Alberta's oil sands" (Globe and Mail). The Communists have acquired pieces of Canada's natural resource wealth before (fourth item). Since then, however, the federal government holding out the welcome mat was turfed by Canada's voters (Alberta's welcoming provincial government is still in place). How the new government reacts remains to be seen.

For the rest of the News of the Day, see here.

Posted by D.J. McGuire on February 27, 2006 | Permalink


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keep them out of the oilsands...

Posted by: MarkAlta | 2006-02-27 3:39:17 PM

Hey why not. If they didn't eat cats and dogs ... make fur coats out of their skin ... drink bear bile, eat tiger gonads and rhino tusk so they can be more virile and keep their population numbers up, they would be a lot like us. Except that we tend to prefer bugers fries and abortions.

Plus, by their own admission, they have declared that they will eventually nuke North America. They are also supporters of the terrorists. Canada more or less supports terrorists too, at least I think Peter MacKay does ... and Svend too.

They are sort of like Muslims without the Allah thing and very very few virgins. They mostly blow up fireworks though ... for now ...

Posted by: Duke | 2006-02-27 5:46:14 PM

The questions becomes a balance of free markets versus strategic interests. With publically traded companies like Husky or CNRL, what is stopping any group with the bucks from buying a controlling interest? And if quasi-nationalization of the industry came to pass via legislation similar to the prohibition of mergers and foreign ownership controls in the Bank Act, would that impede the ability of the sector to access capital? These are both serious questions, and an overly defensive policy can be as damaging as to loose a policy.

It's also foolish to think that any publically traded company is not owned in large portion by foreign interests; altogether possible any given moment of any day with billions of electronic dollars zipping around every second.

I would hope that a similar situation would tranpsire as happended in the US where a company stepped up from a strategically friendly jurisdication (US) and upped the ante beyond what China would pay, and essentially fast tracked the deal by avoiding extra regulatory. (For the life of me I can't remember the parties to the deal....oh well).

Regardless of the oil&gas sector, trade with China is going to become increasingly problematic over the next decade.

Posted by: Prometheus | 2006-02-27 5:58:13 PM

Well, we have a vast surplus of maple syrup, kept in government warehouses at taxpayers' cost. Could we not convince China that maple syrup makes men attractive, or something?

Posted by: Bob & Ulli | 2006-02-27 7:32:18 PM

Let see now ...

The Chinese communists in general, and their nationalized oil companies in particular are bad, because they represent the violation of their citizens' basic rights to own, buy and sell private property in a free market. The reason is that the communist government does not trust their citizens to buy and sell oil without violating their country's national interests.

To save Canadians from this kind of gross violation of human rights, we, the Canadian government, are going to prevent our citizens from buying and selling their private property in a free market. Because we don't trust Canadians to buy and sell oil without violating our country's national interests.

Got it? Chinese communist central planning - bad. Canadian communist central planning - good.

Posted by: Justzumgai | 2006-02-27 9:52:50 PM

The scary part is when all those boys from the one baby families grow up and there are not enough girls to go around....imagine all that testosterone and nuclear weapons, or they'll be the queerest country on earth....either way I don't like the way they're going !

Posted by: MarkAlta | 2006-02-27 10:21:41 PM

Justz - Precisley the point. However, long term strategic implications should not be overlooked in this case. The market could reslove those as well provided a reasonably regulatory framework exists.

Posted by: Prometheus | 2006-02-27 10:49:03 PM

>>Canada more or less supports terrorists too, at least I think Peter MacKay... who is not all of Canada, nor the many other liberals in Canada in the news media, the unchristian mostly United Church also support the terrorists they are not the majority of Canadians. Definitely the Majority of Canadians do not support the Muslims.


Have we now also heard from the the gays as to where they tend to stand on this cartoon issue too? since Islam is anti gay.

I was also surprised that the Chinese news that is clearly controlled by the Chinese government that it seemed to favor the Muslims demonstrating against the Danishes, the cartoons.

Seen any good Chinese cartoons recently too?

As far as China being now as bad as the Islam Muslims, or China is also supporting them, why does China now also oppose Iran arming itself with a nuke Bomb?

Posted by: Confused | 2006-02-27 11:21:25 PM

Confused - perhaps a nuclear Iran would unsettle China's perception of the balance of power in Central Asia. Currently, they're a big dog on the block (along with Russia) conventionally and with nuclear weapons. A perceived willingness on the part of Iran to use nuclear weapons if so armed would tilt that balance.

Posted by: Prometheus | 2006-02-27 11:29:07 PM

Isn't Canada's own hero - Jean Chretien - over there selling us out right now? What ever did happen to those laws that said a politician can't position himself to immediately sell out his country after he leaves office? Doesn't apply to Liberals? Perhaps not legally, but morally?(I know, it's ridiculous to appeal to a Liberal's ethical behaviour, but who knows, someday the legal system may force it on them!)

Maurice Strong, the Chinese SUV salesman(he has N. American rights), must have taught Cretin well.

Posted by: simpleton | 2006-02-27 11:39:04 PM

Confused, where did you get the idea Communist China opposes the Iranian nuclear weapons program?

The Communists helped build the thing: http://china-e-lobby.blogspot.com/2005/06/on-communist-china-and-iran-disturbing.html

Posted by: China e-Lobby | 2006-02-28 11:59:08 AM

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