Big Problem :CNOOC pays $570m to buy into US oil shale operation
+ Reply to Thread
Page 1 of 4 1 2 3 4 LastLast
Results 1 to 14 of 45

Thread:
Big Problem :CNOOC pays $570m to buy into US oil shale operation

  1. #1
    Senior Member steveone's Avatar
    Join Date
    Dec 2008
    Posts
    1,020

    Angry Big Problem :CNOOC pays $570m to buy into US oil shale operation

    CNOOC pays $570m to buy into US oil shale operation



    NEW YORK - China National Offshore Oil Corp (CNOOC) Ltd, China's largest offshore energy producer, agreed to pay $570 million in cash for a one-third stake in Chesapeake Energy Corp's Niobrara shale project, adding to its US holdings in crude oil production.

    The worthless Barky Obama does NOTHING!
    November 4 2008 "a date which will live in infamy". Jesus Saves





  2. Remove Advertisements
    PerformanceBoats.com
    Advertisements
     

  3. #2
    Senior Member
    Join Date
    Dec 2007
    Posts
    5,487

    Default

    But wait, it's to expensive to obtain. It's environmentally unsound. It's, it's, a complete crock of xhit! O is a pos to his core. His environmental nonsense is just that, nonsense. And there's no correlation to Ho's visit and this announcement either. Unbelieveable.

  4. #3
    Senior Member
    Join Date
    Dec 2007
    Posts
    5,487

    Default

    One other thing, CHINA just bought a 1/3 of production stake for a pittance of what it should have cost.

  5. #4
    Floatin dirty Lavey29's Avatar
    Join Date
    Mar 2008
    Posts
    4,831

    Default

    Welcome to the United States of China....

  6. #5
    Senior Member
    Join Date
    Dec 2007
    Posts
    5,487

    Default

    Quote Originally Posted by Lavey29 View Post
    Welcome to the United States of China....
    Fxck that! The first chinaman that approaches me with a quart of our own oil is going to be using it for a sepository.

  7. #6
    Marine Organism Forkin' Crazy's Avatar
    Join Date
    Dec 2007
    Location
    Mound, Louisiana
    Posts
    12,743

    Default

    Quote Originally Posted by steveone View Post

    The worthless Barky Obama does NOTHING!
    Not a surprise. He is good at doing nothing when things really need attention and doing something (aka screwing it up) when things do not.

    "My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to change it."
    "An armed society is a polite society. Manners are good when one may have to back up his acts with his life"

    - - Robert A. Heinlein

  8. #7
    058
    058 is offline
    Senior Member
    Join Date
    Dec 2007
    Posts
    4,115

    Default

    Quote Originally Posted by Forkin' Crazy View Post
    Not a surprise. He is good at doing nothing when things really need attention and doing something (aka screwing it up) when things do not.

    "My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to change it."
    F/C, I'm glad you posted that quote again. I've used to so many times I thought people were getting sick and tired of hearing it. It needs to be posted time and again so NOBODY forgets his words. He is truly living down to his statement and living down to everyone's expectations.
    Within the heart of every stray lies the singular desire to be loved. "Good grief you're an irritating blowhard...." [Tex 6/16/11]

  9. #8
    Senior Member
    Join Date
    Dec 2007
    Location
    SoCal
    Posts
    7,144

    Default

    According to the link:

    "Niobrara covers 821,756 square kilometers and may contain 103.6 million barrels of oil, the US Geological Survey estimated in 2006 before Chesapeake, EOG Resources Inc and other producers began drilling the formation."

    The US consumes approx. 20 million barrels a DAY, so this drilling project is less than a week's worth...

    Chesapeake:
    "Chesapeake, the most active US gas and oil driller in those basins, has 16 wells producing as high as 1,000 barrels of oil and 3 million cubic feet of natural gas a day, according to the company."
    Is 1,000 a day alot?
    Popcorn is Life ...

  10. #9
    Marine Organism Forkin' Crazy's Avatar
    Join Date
    Dec 2007
    Location
    Mound, Louisiana
    Posts
    12,743

    Thumbs down No accountability

    Quote Originally Posted by 058 View Post
    F/C, I'm glad you posted that quote again. I've used to so many times I thought people were getting sick and tired of hearing it. It needs to be posted time and again so NOBODY forgets his words. He is truly living down to his statement and living down to everyone's expectations.
    Well I remember what this kenyan has said before!!! He has NO crediblity....

    Unlock the "sealed documents" PLEASE!!!

    Where's the BC??? IN KENYA???!!!
    "An armed society is a polite society. Manners are good when one may have to back up his acts with his life"

    - - Robert A. Heinlein

  11. #10
    Senior Member steveone's Avatar
    Join Date
    Dec 2008
    Posts
    1,020
    November 4 2008 "a date which will live in infamy". Jesus Saves





  12. #11
    Senior Member
    Join Date
    May 2008
    Posts
    6,915

    Default

    Some of you guys are sure inconsistent! A private company sells 1/3 interest to the Chinese So what. Now you free enterprise true believers are crying that the government should have prevented the sale. WTF? ..you are big government interventionist fellas after all

  13. #12
    Senior Member steveone's Avatar
    Join Date
    Dec 2008
    Posts
    1,020

    Default

    Quote Originally Posted by shueman View Post
    According to the link:

    "Niobrara covers 821,756 square kilometers and may contain 103.6 million barrels of oil, the US Geological Survey estimated in 2006 before Chesapeake, EOG Resources Inc and other producers began drilling the formation."

    The US consumes approx. 20 million barrels a DAY, so this drilling project is less than a week's worth...

    Chesapeake:
    "Chesapeake, the most active US gas and oil driller in those basins, has 16 wells producing as high as 1,000 barrels of oil and 3 million cubic feet of natural gas a day, according to the company."
    Is 1,000 a day alot?
    No but 11 Billion Barrels is!
    November 4 2008 "a date which will live in infamy". Jesus Saves





  14. #13
    Senior Member steveone's Avatar
    Join Date
    Dec 2008
    Posts
    1,020

    Default

    Quote Originally Posted by zombie View Post
    Some of you guys are sure inconsistent! A private company sells 1/3 interest to the Chinese So what. Now you free enterprise true believers are crying that the government should have prevented the sale. WTF? ..you are big government interventionist fellas after all
    LOL NO But the usurper Obaloon sold it to the Chicoms ! That does not bother You??
    November 4 2008 "a date which will live in infamy". Jesus Saves





  15. #14
    Senior Member
    Join Date
    May 2008
    Posts
    6,915

    Default

    Quote Originally Posted by steveone View Post
    LOL NO But the usurper Obaloon sold it to the Chicoms ! That does not bother You??

    Where do you get Obama sold anything?
    Hmmm...Looks like lots of drilling jobs will be coming up. I wonder if it will bother Thatguy to cash fat Chinese checks in the future? Don't get between him and the bank. Ca ching !!
    I wonder if Doc would refuse to sell land to the Chinese ? Don't get between ..." Ca Ching!!
    Just maybe the Chinese are our saviors from this economic pit we are stuck in.
    Kind of difficult to hate folks who are investing in our nation.
    Never fear the Tea Party haters will find a way however

+ Reply to Thread
Page 1 of 4 1 2 3 4 LastLast

Quick Reply Quick Reply

Register Now

Please enter the name by which you would like to log-in and be known on this site.

Please enter a password for your user account. Note that passwords are case-sensitive.

Please enter a valid email address for yourself.

Please select your insurance company (Optional)

Log-in

Digg This Thread

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95