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    Chinese oil giant acquires Canadian energy company

    BEIJING (AP) — A Chinese state-owned oil company has acquired Canada's Daylight Energy in the second major Chinese purchase of a Canadian energy company this year.

    A unit of Sinopec Corp. and Daylight Energy Ltd. announced the 2.2 billion Canadian dollar ($2.1 billion) acquisition was completed Friday.

    China's state-owned energy companies, flush with cash from the country's economic boom, are acquiring oil and gas assets abroad in hopes of profiting from surging global demand.

    In November, state-owned CNOOC Ltd. acquired Canada's OPTI for $2.1 billion.

     
    • Arnold  •  5 mths ago
      This is not a good thing
      • Lee M 5 mths ago
        It is not a good thing but the stupid ignorant liberals do not want America to compete with China for Canada's oil. Can't have the pipeline because some field mouse might be displaced.
      • Ron 5 mths ago
        Arnold, it is what it is...About oil.
      • BRIANB 5 mths ago
        As much as we rely on the canadians for oil, I agree with Arnold. Think" PIPELINE "
    • little bit  •  5 mths ago
      We must stop the trickle that has become a river by buying Chinese products. They (China) are buying commodities ,utilities and buying them in Canada the Euoepean Union and any where else they can get them and are not buying Bonds,They are buying assets. Every time you buy something made in China you risk loosing your freedom
      • I amafreeman 5 mths ago
        The West buys PAPER, the Chinese buy FUEL and other REAL assets. Coal, oil, iron, land....
      • Fatima Az-Zahra Zulfiqar 5 mths ago
        If those who are watching would go to the last book in the Bible and take a look at chapter 18 they will see a scarlet colored beast carrying a woman dressed in purple and scarlet: it's "Socialist, Capitalist, Communist, China"; carrying 'Unbridled Capitalism Herself'; our national Debt being the basic Free market itself they now own: the "beast that is, and is not: yet is";
        Red China; carrying "Lassez-faire Capitalism Herself"; Fickle, Unprincipled, Volatile; yep; it's sweet little "Creative Destruction" Incarnate: and She is just about done.

        The beast "that is and is not: yet is"??? Red China; the beast that ate Tibet and no one even blinked. Remember when Hitler and the 'three-in-one beast' from the Sea of Time called the Axis ate Poland and Austria?
    • Human  •  Traverse City, Michigan  •  5 mths ago
      Looks like China is beating us at our own game... capitalism.
      • RobertFree 5 mths ago
        Of course they will probably boast that communism is the greatest.
      • vd 5 mths ago
        China spends just couple billions to grab energy, oil companies. While USA spends trillions on wars and invade doing same. Smart ove by China. We should learn from it.
      • Lee M 5 mths ago
        They are beating us because of the anti-American socialistic Democrats in America.
    • Midnight Rider  •  5 mths ago
      Just another sign that the Communist policy of China is to buy and control as much of the world's energy as they can. Wake up people... when you buy items, made in China.
      • IfYouSeeKay 5 mths ago
        Communist? I think not.
      • julius 5 mths ago
        hey midnightrider go to sleep....
      • Lee M 5 mths ago
        When we have a country that has been run by anti-American socialists since 2006 what do you expect.
    • Kascha_Kwan  •  Atlantic City, New Jersey  •  5 mths ago
      Stop feeding the China Monster that grows stronger each day with all your hard earned tax dollars . Tell your congressman to stop giving tax breaks to US companies that move to China
      • Tim Arnold 5 mths ago
        i will be looking for you about 11.00pm knock 3 time
      • I amafreeman 5 mths ago
        Also stop feeding the entire Global Monster.
      • I amafreeman 5 mths ago
        Remember that Star Trek episode that featured a "thing" flying through space devouring entire planets? Worth a thought.
    • SanJuanKid  •  5 mths ago
      "Chinese oil giant acquires Canadian energy company." CORRECTION" Chinese oil giant acquires the United States.
    • Vasyl  •  5 mths ago
      China earns their money by unfairly manipulating their currency, stealing intellectual properties around the world, and hacking western company’s computers for new technologies. It is not a petty theft any more; it is a threat to our security. While politicians do not have time to deal with this danger because they are too busy with reelections, China-thief is buying our strategic assets.
    • Candy  •  5 mths ago
      china needs to be reined in, but who has the cash to do that?
    • christopher  •  Atlanta, Georgia  •  5 mths ago
      I've often wondered why our government doesn't buy this sort of thing before the chinese. If we Americans owned it and the pipelines......it's better than giving the money away.
    • viewer5  •  Medford, Oregon  •  5 mths ago
      Right now, gas & oil firms are trying to push an LNG pipeline to the Oregon coast and a new terminal to be built at Coos Bay. Once that goes through, that big sucking sound in the West will be Canadian & American gas whooshing to Asia at (much higher) world market prices. Kiss the last bit of domestic manufacturing goodbye once we lose that competitive advantage.

      We've let the 1 percent shoot the American worker in the foot once too often.
    • uggtard  •  5 mths ago
      china loans us money so we can bomb other countries. they then take the payments and buy oil. who wins from all this?
    • T  •  5 mths ago
      American government and corporations have placed the Chinese before the American people and their own country......
    • vd  •  Piscataway, New Jersey  •  5 mths ago
      Very wise strategy from China. China Grabs oil and energy through state sponsered entities and through silent acquisitions by just spending couple billions each all over world. While USA spends trillions to invade and on wars. Costly and not smart move for USA. Learn from it.
    • killer  •  5 mths ago
      When the government of China owns something in the U.S., does that mean that the U.S. business community becomes part of a communist system?
    • varth dader  •  La Crosse, Wisconsin  •  5 mths ago
      Forget Spanish lessons, Chinese will soon be our primary language.
    • Cosmos  •  Huntington Beach, California  •  5 mths ago
      Stop complaining and avoid "made in China" products. Find an alternative people, I do.
    • A Yahoo! User  •  Chicago, Illinois  •  5 mths ago
      I guess those Canadian job creators are creating jobs for the Chinese. The Chinese are rebuilding the railroad that traverses Africa from the Atlantic ocean to the Indian ocean to reap the abundance of natural resources in sub Saharan Africa.
    • robert a  •  5 mths ago
      we are on the verge of wwlll and most of the world is to dumb to see it,we let all the rich from other nations take over our fortune 500 companys and they get the latest electronics for their use and turn on us ,
    • stevie  •  Akron, Ohio  •  5 mths ago
      What did you think China was going to do with your money,keep buying our debt? You know,the debt accumulated from these unfunded wars so the wealthy could be entitled to tax cuts. Wars get paid for with tax hikes!!!
      The sad part is,we will continue to buy their products and we will continue giving them money. All while millions of jobs keep going there as well!!! And who was it that said communism is a failure? With this kind of ignorance,it's only a matter of time before they overtake us (if they haven't already).
    • Tikanni  •  Meriden, Connecticut  •  5 mths ago
      Whatever happens to the American standard of life can only be blamed on the American people for failing to put a stop to the hemorrhaging of our economy! We are our own worst enemy for remaining complacent and lethargic. Our two party system is not working and hasn't been for years! Our free enterprise system has been short-circuited since the Bank, GM and Chrysler buyouts. Doing so sent a clear strong message to the mom and pop business sector telling them that they are small enough to fail, thus brand them as "unimportant" to our business infrastructure. That amounted to us shooting ourselves in the foot! In a free enterprise system, NO ONE should be "too big to fail". That being said, America, as we knew her, is no more! America will remain a dormant giant in the eyes of other countries until we wake up and take our country back from the crooked and greedy politicians who "lead" us to hell!
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