Sunday, August 19, 2007

Just Blame Canada

I was checking up on Marathon Oil and ran across an interesting tidbit. Seems MRO is buying Canada's Western Oil Sands Athabaskan Oil Sands Project. That wasn't all that fascinating except for the clause about one of the conditions being the AOSP divest itself of all interests and assets in the federal region of Kurdistan.

Not a problem. Western Oil Sands will simply reorganize as Western Zagros Resources and issue new shares to investors. Everybody wins except maybe the troops who have to stay overseas and protect this investment. Go on and read it, I especially love the notation at the top of the page "/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/".

So we can just blame Canada, right? Not quite. If you take a look at the numbers the majority of our imported oil is coming not from Saudi Arabia but from Canada. How convenient.

5 comments:

Nevada Mojo Rising said...

That notation seems to say it all ...

Woozie said...

So you're saying we must invade Canada!

Not Your Mama said...

No need, Harper is willing to sell it to us.

TomCat said...

I had noticed that. The Bush Regimes interest in Persian Gulf oil, in not because we need that oil. They want to control it for power over those nations that do need it.

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