Diary

China Buys United States Territorial Waters Oil Leases In The Gulf Of Mexico.

Statoil, Norway’s state-owned oil company has sold their US-territorial waters leases in The Gulf Of Mexico to CNOOC, the Chinese state-owned oil company.

http://news.theage.com.au/breaking-news-world/chinese-giant-to-buy-us-oil-assets-company-20091105-hy6t.html

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Highly doubtful anyone in the current administration will even attempt to criticize this, let alone try and stop the transaction’s completion.

Besides, if anyone in DC actually does give a damn about our national sovereignty and tries to do the right thing for our nation in this matter, China may simply say ‘no problem, we want our investment back now – all of it’, or simply drop the US Dollar faster than they’re doing already.

Any bets in how long it’s going to take our uber-concerned-about-the-nation media to cover this ?

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I’m on my ‘Crackberry’ right now, so the link above may not be active. I’ll handle that, probably have an update and additional commentary when I get home to a real computer thingy early this evening.

Cheers !

Kenny Solomon