Canada to America: You Won't Take Our Oil? China Will.

Just as I wrote this past Thursday, Canada has confirmed:

If America doesn't want the Keystone XL pipeline for a continued flow south to the Texas Chemical Coast, China would most certainly up the ante and take that offer, with a pipeline west from Alberta to the BC coast for blue water shipping.

From Bloomberg.com:

Prime Minister Stephen Harper, in a telephone call yesterday, told Obama “Canada will continue to work to diversify its energy exports,” according to details provided by Harper’s office. Canadian Natural Resource Minister Joe Oliver said relying less on the U.S. would help strengthen the country’s “financial security.”

The “decision by the Obama administration underlines the importance of diversifying and expanding our markets, including the growing Asian market,” Oliver told reporters in Ottawa.

Currently, 99 percent of Canada’s crude exports go to the U.S., a figure that Harper wants to reduce in his bid to make Canada a “superpower” in global energy markets.

Mr Obama, with this completely ridiculous and uninformed decision based but upon incorrect ideology, jeopardizes this country on almost every level.

And here's a Newsflash: China also is jumping on Brazilian oil -- over the US as well. Imagine that.

BZ