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  1. 11-13-2009, 10:36 PM #1
    JohnDoe2
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    36 million acres to be offered at offshore sale

    36 million acres to be offered at offshore sale

    By The Associated Press
    Friday, November 13, 2009 at 12:35 p.m.

    NEW ORLEANS — The federal Interior Department is putting up nearly 36 million offshore acres for the annual sale of petroleum leases in the Central Gulf of Mexico.

    The department says the region could produce up to 1.3 billion barrels of oil and 5.4 trillion cubic feet of natural gas.

    The federal Minerals Management Service has scheduled the sale tentatively for March 17 in New Orleans.

    http://www.signonsandiego.com/news/2009 ... hore-sale/
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  2. 11-13-2009, 10:43 PM #2
    vortex
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    Watcha bet the Chinese will be the winning bidders. Since they are major owners of our Treasury obligations (where we pay interest) they will invest in everything for sale in this country and everything seems to be for sale in this country.
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  3. 11-13-2009, 11:19 PM #3
    ALIPAC
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    I'm betting you are right Vortex.

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  4. 11-13-2009, 11:30 PM #4
    JohnDoe2
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    China prepares to buy up foreign oil companies - Telegraph

    Feb 22, 2009
    ... China is preparing to open a new phase in its race for the world's resources by using its huge currency reserves to buy foreign oil and gas ...

    www.telegraph.co.uk/.../China-prepares- ... anies.html
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