289 comments on DrumBeat: July 6, 2007
Comments can no longer be added to this story.
Show without comments | PDF version
289 comments on DrumBeat: July 6, 2007
Comments can no longer be added to this story.
Show without comments | PDF version
Search The Oil Drum with Google
Support The Oil Drum
Recently on TOD:World
TOD:Campfire
- What "Lower Consumption" Means
- Tricking and Treating the Future
- Meeting Energy Decline Part-Way - Potatoes?
TOD:Europe
- The Future of Nuclear Energy: Facts and Fiction - Part IV: Energy from Breeder Reactors and from Fusion?
- The US stimulus and "green jobs"
- EROWI - energy return of water invested
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- The Round-Up: October 24, 2008
- Compressed Air Energy Storage - How viable is it?
TOD:Australia/NZ
- The Bullroarer - Saturday 7th November 2009
- The Bullroarer - Friday 30th October 2009
- Details of Solar Flagships Released
TOD:Net Energy
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- The Big Picture
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- The Energy Blog
- Entropy Production
- European Tribune
- GraphOilology
- Health After Oil
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- Calculated Risk
- The Crash Course
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
Peak Oil Primers
Beware email scams!
Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.
“Of all races in an advanced stage of civilization, the American is the least accessible to long views… Always and everywhere in a hurry to get rich, he does not give a thought to remote consequences; he sees only present advantages… He does not remember, he does not feel, he lives in a materialist dream.”
—Moiseide Ostrogorski (1902, 302-303)
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Nate Hagens, Gail the Actuary, Prof. Goose
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Heading Out, jeffvail, JoulesBurn, Sam Foucher, Robert Rapier
- TOD:Campfire: Glenn, Jason Bradford
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Emeritus: Stuart Staniford
- Technician: Super G
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
Chinese billionaire Li Ka-shing bought a controlling interest in Husky oil years ago. Since then there have been other Chinese interests in the oilsands. The Chinese tried to buy Noranda Mining but was blocked by the Canadian government in 2004. CNOOC of China bought MEG Energy in 2005 for its oilsands holdings. Some multinational oil companies owned oil and gas blocks in China.
Technically, that is, in a jurisdictional sense, Li Ka-shing is not a 'Chinese' billionaire but a Hong Kong SAR billionaire. The legal systems are entirely different. Hong Kong law is pretty much identical to English law, for obvious reasons.
It always galls me when people refer to Li Ka-shing as a 'Chinese' billionaire, unless they mean that designation in a simple ethnic sense. In political and economic terms, Li Ka-shing is a product of Hong Kong, not China.
It is not really right to raise Li Ka-shing and then talk about 'the Chinese'. It's like saying a Singaporean billionaire has bought something up, and then concluding that Beijing is on the march.
Hong Kong is no longer a British colony. It is under Chinese rule, although it retains some financial freedoms.
One factory in China paid a monthly wage of "900-2,500 yuan (US$118-$326)," 6/2007. That is more than the minimum wage. Company owners were able to pool capital and buy businesses abroad, including oilfields.
http://www.atimes.com/atimes/China_Business/IF06Cb01.html
Husky Oil has Canadian oil sands leases and offshore conventional oil projects.