OT: Chinese company buys West Virginia....sorta

[rumble_lion]

I never said anything about the locals owning stock but more will have jobs. The company will have to follow federal, state, and local environmental laws.

Or they will get the laws changed. Or challenge them in court. Or just bribe governments to defund the enforcement of said laws.

 

[rumble_lion]

In the 70’s and 80’s the Japanese bought up American. In the 90’s politicians sold out America thru trade agreements. In 2000’s the Chinese began buying up America. Makes you wonder how there’s anything left to take.

In the 70’s and 80’s the Japanese bought up American.

I don't think they made out all that great. Real estate speculation thousands of miles away is not easy.

 

[The Spin Meister]

WV is kind of third world-ush. The few rich folks have lots of political power. Environmental regulations get blown off.
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Those cracker plants North of Pittsburgh are already burning and using West Virginia gas from the Wheeling area. Just saying, WV has a long history of snatching defeat from the jaws of victory.

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There is only one cracker plant in all of W Pa and it isn't even close to being built. Three more years before it is opened. And the gas for it will from W Pa and Ohio, maybe a little from the N Panhandle of WV.

This deal with Chinese is about building the chemical plants to use the gas/oil to make products....just what you say should be done. Hopefully, that is what will be done and WV will prosper.

 

[PSU_Chicago]

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There is only one cracker plant in all of W Pa and it isn't even close to being built. Three more years before it is opened. And the gas for it will from W Pa and Ohio, maybe a little from the N Panhandle of WV.

This deal with Chinese is about building the chemical plants to use the gas/oil to make products....just what you say should be done. Hopefully, that is what will be done and WV will prosper.

Hopefully this one is a positive for the people of WV.

 

[Nit16]

Screw them- let them spend their money, then nationalize it when there is a strategic need. It's what they would do.

Didn’t that happen in Central America and South America? Hmmmmm

 

[demlion]

Hopefully this one is a positive for the people of WV.

I hope so, too, but experience says otherwise.

 

[bdgan]

Come on a tour of the stripped out southern coalfields, the destroyed streams and poisoned water, and tell me they will have to follow the laws. Lol.

We mined billions of ton of coal and lots of people got mine work, but the coal largely got used elsewhere. Most of the steel mills and power plants are ELSEWHERE.

A LOT, if not all of this gas will go elsewhere, too. Once the wells are drilled and the pipelines laid, there are not that many jobs in gas until you get to the plants that crack it to make products.

Those plants will be built in states near WV that also have gas. The Chinese are going to build these plants in places that have no broadband internet? Surrrre.

Have you ever even driven through this state?

Why does it matter if it goes elsewhere? Exports are a good thing.

 

[bdgan]

Or they will get the laws changed. Or challenge them in court. Or just bribe governments to defund the enforcement of said laws.

Good grief!

 

[demlion]

Why does it matter if it goes elsewhere? Exports are a good thing.

If the gas is piped to another state, no WV jobs. We give up the gas and get no middle class jobs or income tax. What is so hard anout this?

 

[NICNEM_PSU80]

Guys, this is not progressive thinking by the Chinese. They are investing in natural resources with the value add technology being provided by and fostered by US citizens. This is an old way of thinking as in what economies did over 100 years ago. The real money is in your value add. Take sand and sell it or do the value add and create computers out of it.

Everybody who is worried about energy needs to remember that technology is improving quickly and will make how we produce energy totally different in the next 20 years. The break throughs are coming in various forms. Oil and other hydro carbons will only be used in plastics and other products 50 years from now.

Let them invest in the US and employ our people. It is totally different then buying our Uranium that you can make bombs with.