Re: CommonWealth Bahamas Backs Cuba-CH Slant drill Fl Strait
by
lilmacg
06/06/2008, 9:00 PM #
Slant Drilling for Oil to tap USA Reserves?
heeellloooo
Who are these Li ka Shing Oprah backers with largest cargo port in world in common wealth's Bahamas partnered with Native Americans from Connecticut, as the worlds largest African American run Casino operation?
hmmm
<link>
SLANT DRILLING
There are new reports out circulating that Chinese firms are planning to slant
drill off the Cuban coast near the Florida Straits, tapping into U.S. oil
reserves that are estimated at 4.6 billion to 9.3 billion barrels.
After elections in Mexico in
early July, when a new regime hostile to Washington is expected to take power,
the United States might be without supplies of Mexican crude oil. The United
States gets about 40 percent of its imported oil from Mexico and Venezuela.
China is eager to tap into oil reserves in the Florida Straits and then make a
deal with Castro to control it. The Chinese have already reopened an abandoned
Russian oil refinery in Cuba. Much of the gas refined there is believed to be
destined for Freeport in the Bahamas, where the Chinese, through front company
Hutchison-Whampoa, has developed a massive port facility and airfield.
With the refinery reopened and expanded it will also meet the needs of Castro.
<link>.
Li Ka Shing
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Li Ka Shing is the owner of Hutchison Whampoa Ltd. a diversified
conglomerate based out of Hong Kong.
[edit]
Global Crossing
In 2003 Li was involved in an
attempted buyout of the bankrupt telecommunications company, Global Crossing. His buyout attempt failed after
U.S. regulators raised security concerns about the deal.[1]
[edit]
External links
- Charles R. Smith, "Chinese
Billionaire Wants Global Crossing. Red Moneyman Seeks to Take Over U.S.
Communications Giant," NewsMax, February 12, 2002.
- "Global
Crossing Buyer Exits", Washington Post, May 1, 2003.
- Charles R. Smith, "Dubai
Ports Deal Is Not a Threat," NewsMax, February 27, 2006.
Hutchison Whampoa Ltd. is "a Hong Kong-based commercial empire
founded and largely owned by" Chinese multi-billionaire Li Ka Shing. [1]
The Center for Security Policy reported
in August 2002 that U.S. intelligence believed that Li, who is "closely
tied to the Communist leadership in Beijing, [had] turned Hutchison into a
global colossus described in a recent company press release as having 'over
120,000 employees worldwide, operat[ing] and invest[ing] in five core
businesses in 37 countries: telecommunications; ports and related services;
property and hotels; retail and manufacturing; and energy and
infrastructure.'"
The Center noted
that "one of Hutchison's subsidiaries secured long-term leases at either
end of the Panama Canal" in 1999 and was, in 2002, "hard at work
acquiring a presence for China
at other strategic 'choke points' around the world, including notably the
Caribbean's Bahamas, the Mediterranean's Malta and the Persian Gulf's Straits
of Hormuz. At a moment inconvenient to the United States, such access could translate
into physical or other obstacles to our use of such waterways."
**************************************************
CHINA
STARTS OIL DRILLING OFF FLORIDA
WHILE AMERICA TWIDDLES THUMBS,
CHINESE TAP BILLIONS OF BARRELS
By Mike Blair
<link>
While Washington dithers over exploiting oil and gas reserves off the coast
of Florida, China has seized the opportunity to gobble up these deposits, which
run throughout Latin America, the Caribbean and along the U.S. Gulf coast.
The Chinese have forged a deal with Cuban leader Fidel Castro to explore and
tap into massive oil reserves almost within sight of Key West, Florida. At the
same time, Venezuelan President Hugo Chavez, who controls the largest oil
reserves in the Western Hemisphere, is making deals to sell his country’s oil
to China, oil that is currently coming to the United States.
Meanwhile, a new left-wing populist regime in Bolivia has nationalized the
natural gas industry, threatening to cut off supplies to the United States.
SLANT DRILLING
There are new reports out circulating that Chinese firms are planning to slant
drill off the Cuban coast near the Florida Straits, tapping into U.S. oil
reserves that are estimated at 4.6 billion to 9.3 billion barrels. This
compares with 4 billion to 10 billion barrels believed to be beneath the Alaska
National Wildlife Refuge, where drilling is held up in Congress due to the
objections of environmental groups which warn of endangering caribou. Permission
to drill in the refuge, which experts are certain will not present any
environmental hazard, has failed by just two votes in the Senate.
As Chinese business increases its reach around the world, it is seeking oil,
which it lacks domestically.
After elections in Mexico in early July, when a new regime hostile to
Washington is expected to take power, the United States might be without
supplies of Mexican crude oil. The United States gets about 40 percent of its
imported oil from Mexico and Venezuela.
China is eager to tap into oil reserves in the Florida Straits and then make a
deal with Castro to control it. The Chinese have already reopened an abandoned
Russian oil refinery in Cuba. Much of the gas refined there is believed to be
destined for Freeport in the Bahamas, where the Chinese, through front company
Hutchison-Whampoa, has developed a massive port facility and airfield.
With the refinery reopened and expanded it will also meet the needs of Castro.
Sen. Larry Craig (R-Idaho) has introduced legislation to ease U.S. restrictions
that prevent dealing with Cuba to drill in the Florida Straits. It is hoped
that Florida regulations that prevent U.S. oil drilling off the state’s coasts
could also be eased.
The irony is that Chinese drilling could be even more of an environmental
hazard since China is not as concerned about or equipped to deal with any
potential ecological disaster as a result of a spill, said Craig.
The Bahamas is an independent country and a member of the Commonwealth of Nations. Political and
legal traditions closely follow those of the United Kingdom.
Queen Elizabeth II is the Head of State,
represented by a Bahamian governor-general.
The prime minister is the head of government and is the leader of the
party with the most seats in the elected House of Assembly. The current
governor-general is Arthur Dion Hanna and the current prime
minister is Hubert Alexander Ingraham. The upper
house (the Senate) is appointed. Executive
power is exercised by the cabinet. Legislative
power is vested in the two chambers of parliament.
The party system is dominated by the centre-left Progressive Liberal Party and the
centre-right Free National Movement. A handful of
splinter parties have been unable to win election to parliament. These parties
have included the Bahamas Democratic Movement, the Coalition for Democratic Reform and
the Bahamian Nationalist Party.
