December 7, 2012
Ottawa, Ontario
Prime Minister Stephen Harper delivered the following remarks on foreign investment:
"Hi everyone.
"Today the Minister of Industry rendered decisions respecting two foreign investment proposals.
"These decisions will be closely studied.
"It is therefore important that Canadians, and also foreign investors, understand how the government will approach such decisions in the future.
"In particular, Canadians generally, and investors specifically, should understand that these decisions are not the beginning of a trend, but rather the end of a trend.
snip .....
What a relief!!
Stevie assures us that this boneheaded, all-political, bum-kissing decision, is the last one ...no sorry 2 ... that he will make. ...of this type ... in this area of concern ... for the foreseeable future ... unless things change (of course)
He assures us that the state-owned enterprises, Sinopec and CNOOC will take very good care of China's 100% share of the under/not-yet developed Long Lake Oil Sand Project and their 16% combined shares of Syncrude (we subsidized that thing for years didn't we? -- our payback? coming shortly? it's in the mail?)
Mr Firewall hopes that this bargain-basement acquisition of Crown assets will ...
China's Ministry of Land and Resources (MLR) concluded a nationwide oil and gas resources assessment in 2006, putting the country's recoverable oil sands reserves at 2.3 billion tonnes (14.5 billion barrels). That would double China's current proven oil reserves if all could be recovered commercially.
A total of 1.6 billion barrels had been found in four natural bitumen accumulations in Junggar Basin in the northwestern region of Xinjiang as of the end of 2008, according to the U.S. Geological Survey
Not mentioned in his late-Friday talk or text was the outcome of the pre-existing (and awaiting Chinese approval) by Scotiabank and/or Manulife deals .... but it was late and everyone wanted to go home via the pub/concubine's place.
Maybe next week-Friday ... the tit-for-tats are not to appear as connected too tightly ... maybe some time in-between announcements will let the uproar from tree-hungers, nationalists and sensible-development of non-renewable(albeit plentiful) resources folks die down.
Why did we give this guy a majority? There's no stopping him ... unless the Gov-Gen reserves/ withholds Royal Assent or the Sovereign Disallows something he's done.
All hail Caesar, All Hail Kaiser, All Hail Authoritarian, All Hail Arbitrary Partisan, All Hail Vengeful little man, All Hail Despot, All Hail Autocrat, All Hail Two-tongued warrior in Black Denali
rce
Take nothing but photographs,
Leave nothing but footprints,
Kill nothing but time,
Mitigate the effects of any obvious errors/damage you come across.
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