Re: Gas Prices: While We Point Fingers, China Takes Action

Independent_Voter wrote:

Gas Prices: While We Point Fingers, China Takes Action

Thursday , April 27, 2006

By Neil Cavuto

Just let it be known for the energy record: While Congress digs up oil
companies' tax records, China's digging for something else: oil.

China is plunking down more than $4 billion to gain a foothold in key
Nigerian oilfields.This is on top of PetroChina's $800 million deal
last year to tap up to
30,000 barrels a day of Nigerian crude.

Says something about maybe it is time to nationalize the oil companies like
China. The only problem is when we get a dumbass like Bush in charge, who has
political cronys run things who don't know what the hell they're doing.



And get this, it's spending billions more to explore for oil. Guess
where?
Here! Only miles off the Florida coast. That's the same coast
environmentalists prevented U.S. oil companies from
tapping. I don't know.

All I do know is while we bicker, China bites at any and all
oil opportunities it sees. As The Financial Times reports, China's
rapidly rising oil demands have already made it the world's second
largest oil importer behind the U.S. -
the same U.S. that couldn't come up with an energy solution if a
caribou's
life depended on it.

China seems to worry less about caribou and energy company profits and
more
about its people and its future. China's got its priorities right. It's
acting like the super power that it is. That's what super powers do. We
should try it some time.

http://www.foxnews.com/story/0,2933,193484,00.html

--
There are only two kinds of Republicans: Millionaires and fools.
.

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