Did you watch Frack Nation last night? Interesting segment about how Europe is dependent on Russia for their energy, and it is so expensive that people cannot afford anything else but gas and oil – not even for cars, that is not even a remote hope for these people. I am concerned that we will be at the mercy of China for our energy supply – do I see rationing and “skyrocketing” prices in our future? Am I crazy to think this way? Because when it comes down to it, the way to control a people is through the food, water and energy supply, and we have been on a road to ruin on all fronts when it comes to all of the above.
Just this week I saw this post on Tea Party.org about President Obama lets Chinese own U. S. Energy resources:
(Dr. Jerome R. Corsi) – The Obama administration is quietly allowing China to acquire major ownership interests in oil and natural gas resources across the U.S. The decision to allow China to compete for U.S. oil and natural gas resources appears to stem from a need to keep Beijing economically interested in lending to the U.S. The Obama administration has run $1-trillion-plus annual federal budget deficits since taking office that likely will continue in the second term.
Allowing China to have equity interests in U.S. energy production is a reversal of the Bush administration’s policy. In 2005, the Bush administration blocked China on grounds of national security from an $18.4 billion deal to purchase California-based Unocal Corp.
As WND reported Monday, Beijing has been developing a proposal in which real estate on American soil owned by China would be set up as “development zones” to establish Chinese-owned businesses and bring in its citizens to the U.S. to work.
To read the complete article, click here.