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Whenever Any Form of Government Becomes Destructive To These Ends,
It Is The Right of the People to Alter Or To Abolish It,
And To Institute New Government

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Friday, September 30, 2016

Forbes: Saudi Arabia Is Buying Up America's Oil Assets



Forbes: Saudi Arabia Is Buying Up America's Oil Assets
"Saudi Arabia is quietly amassing quite a portfolio of American energy assets. State-owned Saudi Aramco is already co-owner, with Royal Dutch Shell , of Motiva, the largest U.S. refinery. Under an already signed agreement, in April 2017, Aramco will take full ownership of the most valuable Motiva assets. Now comes news that Motiva is the leading candidate to purchase the Lyondell Basell Refinery in Houston. This would give Saudi Arabia control of two major Texas refineries proving, once again, that American energy independence is impossible. 
Qatar Petroleum, along with ExxonMobil and ConocoPhillips, built the GoldenPass LNG facility on the Gulf Coast. The plant, one of the largest in the world, began operations in 2010. Qatar Petroleum owns 70% of the facilities and is currently pursuing authorization from the U.S. government to export American produced LNG to customers around the globe.
And here we thought this country was finally approaching the day when we could sever the OIC influence on our national security. Kindly insert long string of uncivilized expletives here...
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posted by Pastorius at permanent link#

3 Comments:

Blogger Pete Rowe said...

This comment has been removed by the author.

Saturday, October 01, 2016 1:31:00 am  
Blogger Pete Rowe said...

This comment has been removed by the author.

Saturday, October 01, 2016 1:31:00 am  
Anonymous Anonymous said...

This administration is selling the country to the enemy one piece at a time. Hillary helped in the sale of 20% of the US uranium production to Russia, now oil to Saudi Arabia.

This is unheard of. Those items are of a basic national security nature. They cannot be in the hands of foreigners.

Are these people stupid? No. They are simply evil. Don't these transactions need to be approved by Congress or someone outside of the administration?

I hate this! Seeing the train approaching at full speed, and feeling trapped in the tracks.

Saturday, October 01, 2016 7:24:00 am  

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