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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (141685)	11/8/2010 1:06:14 AM
From: elmatador	1 Recommendation Read Replies (1) \| Respond to of 206336

China paid $4.6 billion fo 9% stake in the Canadian Syncrude plus billions more invested in other oilsands companies in 2009. Big Chinese investments in Canada’s strategic oilsands would have been unlikely five years ago. Under George W. Bush, the United States would have used diplomatic pressure to keep China out of its sphere of influence. But Barack Obama isn’t big on concepts like the American national interest. He’s more interested in subsidizing electric cars than securing Canada’s 170 billion barrels of oil reserves. Sensing no pushback, more Chinese investment is sure to come. China is sitting on $2.65 trillion in foreign currency reserves, and as Obama racks up the largest deficits in U.S. history, China is nervous about buying more U.S. treasury bills. The oilsands are an attractive alternative: A long-term strategic investment in a stable country that just happens to be in America’s backyard. It’s not unthinkable that China would invest $100 billion here. torontosun.com

To: Cogito Ergo Sum who wrote (141685)	11/8/2010 1:15:19 AM
From: elmatador	Read Replies (1) \| Respond to of 206336

The federal government is facing new calls from the country’s business leaders to forge a national energy strategy that would include a carbon tax, clearer rules on foreign investment and a climate agreement with the U.S. that would protect the country’s oil sands and other energy producers. ctv.ca Note: this is happening while PBR is already taking oil albeit in a test scale) of Pre-salt. Note 2: QE2 will enable China to go for hard assets real big. Mr. Hu -as soon as he finsihed the PIIGS visits -after Greece he is no in Portugal) he may need to go to Canada with his bulging wallet...