Skip to comments.Saudi Arabia Is Buying Up America's Oil Assets
Posted on 09/30/2016 2:50:56 PM PDT by wtd
Saudi Arabia is quietly amassing quite a portfolio of American energy assets. State-owned Saudi Aramco is already co-owner, with Royal Dutch Shell , of Motiva, the largest U.S. refinery. Under an already signed agreement, in April 2017, Aramco will take full ownership of the most valuable Motiva assets. Now comes news that Motiva is the leading candidate to purchase the Lyondell Basell Refinery in Houston. This would give Saudi Arabia control of two major Texas refineries proving, once again, that American energy independence is impossible.
Qatar Petroleum, along with ExxonMobil and ConocoPhillips, built the GoldenPass LNG facility on the Gulf Coast. The plant, one of the largest in the world, began operations in 2010. Qatar Petroleum owns 70% of the facilities and is currently pursuing authorization from the U.S. government to export American produced LNG to customers around the globe.
(Excerpt) Read more at forbes.com ...
Kindly insert extensive string of uncivilized expletives here...
We need to start or blog or something to track all of these purchases in great detail.
American energy independence is impossible
We could justifiably declare war on Saudi Arabia for waging war against us, and then seize all Saudi assets in the United States. Problem solved.
I say to ARAMCO “BRING IT”.
The proven reserves of the Bakken fields alone have more than 15X the proven and potential reserves of Saudi Arabia. And that’s not counting the Permian Basin and a number of other large proven fields in the USA.
The oil fields in the USA are owned by millions upon millions of farmers, ranchers, and small drillers. They have an opportunity to bankrupt ARAMCO and the rest of the arrogant bastards that have looked down on Americans for so long.
Make the Good Guys Rich Again.
Saudi Arabia is a terrorist nation that needs to be saving its money to pay the families that lost loved ones on 9-11-2001.
They need to pay up or we should bomb them to the stone age.
When the 9/11 families prove Saudi sponsorship, ARAMCO assets in the U.S. can be seized to pay them.
But they could be using their money to buy us out so that they can stop refinery production when the lawsuits start.
Petrodollar recycling at its worst.
Then the refinery gets nationalized very quickly
Buying a refinery is NOT buying US oil assets.
In fact, it’s a bet on the US economy, i.e. that petroleum products such as gasoline will have healthy growth.
We’re already islam’s bitch, as you put it-— have u noticed what’s in our American White House?
SA, et al, are only able to achieve this because the EXXON MOBILES and the rest are sellout whores, IMHO.
Same as selling Uranium resources to Russia. Selling the Uranium properties to Russia makes the Clintons traitorous whores.
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