China produces all the stuff we buy and then they buy our US bonds with their trade surplus. Effectively this gives them loan shark status and with that comes power. Obama is allowing them to take up ownership of our energy fields as repayment for his spendthrift ways.
- Colorado/Wyoming –
- China National Offshore Oil Corporation and the State-Owned Assets Supervision and Administration Commission of the State Council have one-third stake in oil fields in Colorado and Wyoming. $570 Million deal.
- a $2.5 billion deal for 1/3 of a 265,000 acre energy field.
- China did likewise in buying a one third share of a Michigan energy field.
- One third share in Utica Shale field.
- One third owners of a 215,000 acre field based on a deal with Devon Energy.
- China owns 1/3 of the 600,000 acre Eagle Ford Shale energy field.. and in energy producing sections in the Gulf of Mexico.