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GasBuddy News Article

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Harper Protecting Canada Oil From China May Slow Growth

Business Week --
Prime Minister Stephen Harper’s decision to protect Canadian oil companies like Suncor Energy Inc. (SU) from being controlled by Chinese and other state-owned enterprises may hinder the country’s ability to attract the C$650 billion ($658 billion) needed to develop its resources.
After approving bids by China’s Cnooc Ltd. (883) and Malaysia’s Petroliam Nasional Bhd. for Nexen Inc. (NXY) and Progress Energy Resources Corp. (PRQ), both of Calgary, Harper said last week that would be the “end of a trend” because state-run companies may have “larger purposes” that go beyond commercial objectives.
“To be blunt, Canadians have not spent years reducing the ownership of sectors of the economy by our own governments only to see them bought and controlled by foreign governments instead,”


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Submitted Dec 11, 2012 By: LetemEatCake
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Harper Protecting Canada Oil From China May Slow Growth Back to Topics
REPLIES (newest first) Post a Reply
drpepperTX
Champion Author Texas

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Message Posted: Dec 12, 2012 4:27:51 PM

You're welcome letemeatcake!

There's a lot of truth in some of those comments and the truth shall let you free!
pbalmeo
Champion Author Los Angeles

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Message Posted: Dec 12, 2012 11:46:13 AM

It's all about the $.
virostek
Veteran Author Virginia

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Message Posted: Dec 12, 2012 7:15:37 AM

OK
LetemEatCake
Champion Author Oklahoma City

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Message Posted: Dec 11, 2012 10:35:17 PM


Thanks all for the interesting comments!
pleinyeux
Champion Author Montreal

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Message Posted: Dec 11, 2012 8:41:00 PM

keep the chinese out
CheckitoutGuy
Champion Author San Diego

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Message Posted: Dec 11, 2012 4:17:38 PM

Hummm
bluebird1
Champion Author Toronto

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Message Posted: Dec 11, 2012 12:28:19 PM

Where is this author from...Harper allowed the largest foreign investment by Chinese gov't in our Country for about $16B. HOw is this protecting Cdn oil??? What he did say was China is getting special treatment & don't expect other gov'ts allowed to do the same (that's gov'ts, not foreign investors & there is a big difference).
Personally, I don't agree with Harper & China will not be open about running it - heck they're not even open to their own citizens about energy, banking & whatever else that's all state run.
Of course, Harper's gov't (he changed it from gov't of Canada, I guess for ego purposes) is the most closed gov't we've ever had & becoming one of the worst we've had (& remember we've had PM's that talked to ghosts & followed advice o their dogs).
AriesMMD
Champion Author Sacramento

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Message Posted: Dec 11, 2012 12:17:08 PM

One step forward for the free market economy. I wonder if our government is already to far in hock to the Chinese to try a move in that direction?
Cheepo
Champion Author Tampa

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Message Posted: Dec 11, 2012 12:02:32 PM

I agree with Fitwit, good for canada, keep the chinese out of this continent!!!!!!!!!
BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Dec 11, 2012 11:52:12 AM

@ Fitwit;

Maybe you can move to Canada and enjoy Harper more.
DYSKYPILOT
Champion Author Fort Worth

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Message Posted: Dec 11, 2012 11:44:14 AM

Ok.
mackconsult
Champion Author Portland

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Message Posted: Dec 11, 2012 11:39:20 AM

Don't we love it when govt tries to control things.
unicornpmb
Champion Author Buffalo

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Message Posted: Dec 11, 2012 11:30:18 AM

Good neighbors.
Fitwit
Champion Author Stockton

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Message Posted: Dec 11, 2012 11:29:06 AM

Harper is a good Prime Minister and I like what he does. Maybe Canada could take over the U.S. instead of other evil political and social and spiritual forces. Or maybe we can have a revival here and turn back to God and be saved.
GRUMPY55
Champion Author California

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Message Posted: Dec 11, 2012 11:26:27 AM

Good for Canada
bigmace111
Champion Author Albany

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Message Posted: Dec 11, 2012 11:25:17 AM

It may slow the growth however it will help keep China from taking over the world.
Grismer
Champion Author Kitchener-Waterloo

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Message Posted: Dec 11, 2012 11:24:43 AM

Canada needs to concentrate more on developing secondary industries within the the country rather than simply exporting natural resources to the highest bidder. Mutually beneficial trade agreements between the U.S. and Canada would go a long way to advance economic growth in both countries.
bra0712
Champion Author Arizona

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Message Posted: Dec 11, 2012 11:24:22 AM

Canada just can't win lol
Ken2OD
Champion Author Grand Rapids

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Message Posted: Dec 11, 2012 11:23:57 AM

It may already be too late! China is slowly pushing their "noses" into our tents just like "CAMELLING." Once the camel gets his nose into your tent to keep warm, he slowly creeps further and further into your domain until his entire rump and tail are totally inside and you are eventually pushed outside into the cold desert air.
TAT36
Champion Author Florida

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Message Posted: Dec 11, 2012 11:20:31 AM

Seems like the Canadians have it together, unlike!!!!
fenster66
Champion Author Pittsburgh

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Message Posted: Dec 11, 2012 11:20:14 AM

China seems to be everywhere....
leraar2
Champion Author Massachusetts

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Message Posted: Dec 11, 2012 11:19:19 AM

sure, why not just give the natural resources away instead.
40mpgsaturn
Champion Author Wisconsin

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Message Posted: Dec 11, 2012 11:18:55 AM

They are smart! China is not your friend!
sdiddydaddy
Champion Author Grand Rapids

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Message Posted: Dec 11, 2012 11:18:11 AM

Good for them. Be patient and stick with what you believe. Nice to see somebody not selling out for once.
BMWer
Champion Author Calgary

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Message Posted: Dec 11, 2012 11:15:55 AM

There is nothing wrong with going slowly...the oil is not going anywhere.
NightRider
Champion Author Dallas

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Message Posted: Dec 11, 2012 11:15:18 AM

Maybe the U.S. can take a lesson from the Canadians.
Car54BC08
Champion Author British Columbia

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Message Posted: Dec 11, 2012 11:14:47 AM

Other innovations should be tried
mysub
Champion Author Las Vegas

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Message Posted: Dec 11, 2012 11:14:47 AM

Good for you Canada. Smart move.
Don20
Champion Author Oklahoma City

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Message Posted: Dec 11, 2012 11:13:35 AM

To be blunt, Canadians have not spent years reducing the ownership of sectors of the economy by our own governments only to see them bought and controlled by foreign governments instead,”

Then don't sell it, keep it at home...
fullauto
Champion Author Reading

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Message Posted: Dec 11, 2012 11:13:32 AM

"the art of (business) war" is from china.
MalibuGordie
Champion Author California

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Message Posted: Dec 11, 2012 11:12:20 AM

China will be our enemy as soon as they think they can beat us.
LoadToad
Champion Author San Diego

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Message Posted: Dec 11, 2012 11:11:27 AM

That's good.
nanu4u21
Champion Author Orange County

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Message Posted: Dec 11, 2012 11:09:42 AM

ok
mrservonics
Champion Author Boston

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Message Posted: Dec 11, 2012 11:09:07 AM

China not our enemy!
Zygnatz
Champion Author British Columbia

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Message Posted: Dec 11, 2012 11:08:44 AM

Chinese oil will be leaded, right!
rippinusoff
Champion Author Lexington

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Message Posted: Dec 11, 2012 11:08:22 AM

ok
CharlieC08
Champion Author Colorado

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Message Posted: Dec 11, 2012 11:08:21 AM

Smart on Canada's part.
habs50
All-Star Author London

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Message Posted: Dec 11, 2012 11:08:06 AM

As a Canadian, I feel that Harper has sold us out. Can we survive his majority government for another 3 years? Maybe I should be starting to learn Chinese.
plbell627
Champion Author Dayton

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Message Posted: Dec 11, 2012 11:08:01 AM


Both the USA and Canada should do the same.
Ticobird
Champion Author Huntsville

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Message Posted: Dec 11, 2012 11:06:11 AM

Articles like this should be read by every member of the US congress to get a better feel for how the international energy market will be built-out.
Bigtex09
Champion Author Dallas

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Message Posted: Dec 11, 2012 11:05:58 AM

at least canada is trying to protect themselves
Paw5X
Champion Author Gary

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Message Posted: Dec 11, 2012 11:05:51 AM

Say what??
bowler360
Champion Author Illinois

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Message Posted: Dec 11, 2012 11:05:39 AM

Better slow growth than giving away your resources.
HATinMUNDY
Champion Author Michigan

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Message Posted: Dec 11, 2012 11:04:56 AM

Sounds like a conspiracy.....
flyfast
Champion Author Kansas City

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Message Posted: Dec 11, 2012 11:03:28 AM

be for it to late
Kato51
Champion Author Atlanta

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Message Posted: Dec 11, 2012 11:02:14 AM

Slow is better than giving to China.
2962
Champion Author Omaha

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Message Posted: Dec 11, 2012 10:59:01 AM

kevinf28..........amen
pachukdog1
Champion Author Pensacola

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Message Posted: Dec 11, 2012 10:58:05 AM

Not very sensible.
JasTheAce
Champion Author Raleigh

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Message Posted: Dec 11, 2012 10:56:20 AM

just buying time...
afghaned
Champion Author Ottawa

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Message Posted: Dec 11, 2012 10:56:19 AM

Ask Walmart & the dollar stores what they would be paying wityhout Chinese cheap labour. Then see Apple moving some operations back to North America because of rising labour costs in China.

Where are the replicators of Star Trek???
kevinf28
Veteran Author Hamilton

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Message Posted: Dec 11, 2012 10:55:54 AM

This is good, its nice to see the government doing the 'right thing' for once.
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