Friday, April 28, 2006

While U.S. politicians pander hysterically, China digs for oil...

Your World with Neil CavutoNeil Cavuto is right...(Click here for video)
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.

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.
I just don't understand this one. I mean I understand it, but it's significantly more surreall than the usual confusion out of Washington.

Literally, as our elected politicians have blundered around and prevented U.S. drilling of all types from happening, China is bulking up on oil... and it seems in our back yard.

Conservation is GREAT! All for it...just like we're all for immigrants. Let's just get off our *&^%$'s and start allowing our existing fuel entrepreneurs to drill in ANWR, and off our coasts...just like we all know that it's a bad thing to be beholden to our enemy's as we continue to fight the current global war on terror.

We're better than this. At least we should be better than this. We are an independent country...one that has a huge burden of responsibility to lead on the side of good. There are sides you know.

Relativism is a dangerous thing, and our country is already fairly far down a slippery slope. We cannot allow ourselves to become so tangled up in the courts with special interest groups who don't represent the majority of the country.

We need oil. The sooner the better. If we remain at the mercy of the Middle East for our energy longer than 5-8 years from now, I think we're in trouble.

Related:

How China is winning the oil race

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