An article titled ‘China’s oil giant seeks alliance with Canada’ says China’s state-controlled energy giant, China National Petroleum Corp., is proposing a strategic alliance with Canada – and particularly Alberta – to help meet its energy needs, while helping Canada develop a new market for its oil. The company said it is seeking the support of Canadian political leaders to help establish a major energy corridor linking Western Canadian supplies to the Chinese market.

As I have said in a number of prior posts, I expect China to aggressively pursue acquisitions and alliances outside of China that it believes strategic to it going forward. Given the size and importance of the Canadian Oil Sands this report does not surprise me. However, it will surprise me if the U.S. does not enter these discussion directly or indirectly. As I see it the Canadian Oil Sands viewed in totality is a ‘world strategic asset’, and accordingly definitely worth ‘fighting over’ if it comes to that.

There is also an article today posted in ‘Today’s News’ on the Home Page of StockResearchPortal.com that focuses on technology developments in the Oil Sands in the context of the environment – a topic I commented on in a blog post in the past few days.

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