U.S. For Sale: Obama Lets China Gobble Up U.S. Energy

Photo Credit: abangbay @ MalaysiaOil And Politics: Beijing plays the debt card as the Obama administration quietly lets China acquire major ownership interests in oil and natural gas resources across the U.S. at the same time it blocks the Keystone pipeline.

Normally, foreign investment in the U.S. is to be welcomed. It creates jobs, boosts economic growth and promotes trade and exports.

But when that investor is an ambitious and increasingly belligerent China to whom we owe over a trillion dollars, eyebrows and concerns need to be raised.

Reversing a Bush administration policy, the Obama administration is encouraging Beijing to acquire equity interests in U.S. energy. In 2005, the Bush administration blocked China on grounds of national security from buying California-based Unocal Corp. for $18.4 billion.

That was then, and this is now.

Read more on this story HERE.

  • Bruce Feher

    Obama is doing his master’s bidding.

  • blogengeezer

    It’s called ‘Selling The Farm’. Been going on forever. In order to pay for the extravagant lifestyle of the Farmer and extended family and friends. After the hard working frugal Farmer increasingly became afflicted with dimensia, he began throwing his lifetime accumulated wealth around, buying ‘friends’ (Votes), the farm was the last asset. “Going Going Gone, to the persons holding up the $$$$T cards in the back of the room”.

  • Disgusted

    Not that I don’t want to slap the Jerk for his behavior, that ugly smirky face warrants a slap!

  • Dempseycoleman

    This needs to be considered an Act of Treason IMPEACH

  • Odd indeed for the sitting president to promote the welfare and prosperity on other nations above that of the people who he is supposed to represent.

  • Delores109

    And….you think China admires you for giving them our energy. You look like a dope, act like a dope….and you are a dope about to be convicted. You will not get your Revolution. You bore me.
    Delores Smith
    [email protected]

  • Delores109

    In your chest, you have a heartbeat,
    Let me know when it stops. (send word)
    I have a Lord so omnipotent,
    I don’t have to do anything.
    He has plans for you.
    Delores Smith
    [email protected]