China is buying up American energy production and resources as Washington stands by and watches. With China’s new leader arming our enemies and threatening to turn us into a nuclear wasteland, one has to wonder why Washington is not more concerned.In one way or the other Chinese companies, especially those in strategic industries, act as arms of the communist party and their purchase of strategic assets does not bode well for Americans. In a country like China where all businesses must comply with the whims of the communist party, selling them our strategic assets seems like folly indeed.China’s rise has lead to an incredible demand for energy upon which China’s economy depends. In light of this fact, China has proven that they will do anything to get strategic resources, especially gas and oil. They will first try to buy or steal them, then use front companies as they try to buy them. As a last resort, they will merely steal them. This last point is best exemplified by plans for Beijing’s invasion of islands in the South China Sea and threat of war there.Although China has not invaded American soil yet, they need what we have to offer. All too often the Chinese motto is “beg, borrow or steal, but get us that US know-how” and resources.
“Everybody knows Barack Obama wants America to be energy independent; just ask him and he’ll tell you so. What he won’t tell you is why he is standing by and watching while China is buying American oil and gas in alarming amounts.” – Coach is Right