Episode 391 • • 1:25:43 - 1:28:23
391: Simulation Investment
Keystone XL Pipeline and PetroChina Acquisition
The Athabasca Oil Sands Corporation sells its remaining interest in the McKay River project to PetroChina. The hosts suggest the US opposition to the Keystone XL pipeline is rooted in an anti-China strategy, as the oil is now 100% owned by a Chinese state entity and will likely be diverted to British Columbia for export.