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China oil giant in takeover talks with Canadian energy firm

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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 10:16 AM
Original message
China oil giant in takeover talks with Canadian energy firm
Chinese oil giant CNOOC is in talks with Canadian-based Talisman Energy over a possible takeover deal, a report in Hong Kong said Monday. CNOOC, China's third largest oil company, is in discussions that could lead to asset sales or a complete takeover, the South China Morning Post said citing unnamed sources. The report also said that energy giant PetroChina was looking at taking a stake in Santos, the third largest oil and gas company in Australia.

http://afp.google.com/article/ALeqM5iqdgqsVU4ApdYQ9w7QWhm0QcYGzA
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hogwyld Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 10:44 AM
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1. So after China buys all of the worlds energy
from the proceeds of their cheap junk, we, the rest of the world, can fight over the scraps our overlords will toss our way.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 10:46 AM
Response to Reply #1
4. The future...
it's going to be so awesome.
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GliderGuider Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 10:47 AM
Response to Reply #1
5. China does seem to be pursuing an aggrssive policy of mercantilism
That does not bode well for those nations that choose to (or are forced to) stay in the open market for their oil purchases.
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GliderGuider Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 10:45 AM
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2. I for one welcome our new Mandarin overlords.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 10:47 AM
Response to Reply #2
6. swear allegiance to the flag -- whatever flag they offer
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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 10:46 AM
Response to Original message
3. Is it in our best interest
Edited on Tue May-27-08 10:47 AM by pscot
to have our friends in the Great White North selling their oil reserves to China? Just asking.
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