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To: ddtorque

"What was it the man said about canadian whores? Not even -- sluts is what they are"


name calling isn't going to solve US energy or security concerns.


alberta needs this project if they're going to make their energy reserve feasible. it will take a huge investment to increase tarsands oil production so access to the global market is crucial. alberta's benefitted from a huge demand for natural gas but these resources are limited. the future is in oil that is costly and difficult to process and requires a huge capital expenditure.


US energy needs are different from alberta and other energy producers. US policy is more focused on controlling energy to use as collateral for the US dollar and ensuring a stable supply for the US. there is little incentive from the US to make the oilsands go ahead in a big way as long as alberta is dependent on US markets. and you can see what happened in many third world countries that use international loans to finance big projects. more often than not prices collapse, interest rates go up and local government is left holding the bag for expensive projects that don't produce


chinese operate in a different way. asia now has the manufacturing so their demand is sustainable and there is huge room for consumption inside these countries. chinese are also putting up their own money into long term agreements to supply them with oil. regardless of canada's proximity to the United States, china is the ideal partner for this sort of venture


14 posted on 01/05/2005 10:51:23 PM PST by two_soon
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To: two_soon
China is making deals with Venezuela, one of our top oil suppliers and member of the Organization of American States which will become the supra-governmental agency that oversee the FTAA.

Venezuelan President Hugo Chavez, left, and Chinese President, Hu Jintao, attend a welcome ceremony at the Great Hall of the People in Beijing, China, Thursday, Dec. 23, 2004. Chavez, president of Venezuela, the world's No. 5 oil exporter, arrived Thursday in fuel-hungry China to sign an energy deal and discuss strategic ties. (AP Photo/Ng Han Guan)
16 posted on 01/05/2005 11:16:09 PM PST by hedgetrimmer
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