Springbored thinks so. PetroChina, which is controlled by the Chinese government, is apparently buying McDermott International, which is now the only seller of nuclear fuel to the U.S. Navy.
McDermott also manages our Strategic Petroleum Reserve.
So where is the "Dubai Ports" level of outrage? Where are the bloviators who were so upset by the prospect of an Arab company running US ports? Shouldn't they be more upset by the idea of a bunch of Commies running our petroleum reserve and selling nuclear fuel to our navy?
Tuesday, April 21, 2009
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While everyone has been fiddling, China has been preparing to eat our damn lunch for years. I have no idea why everyone in gov't thinks that China is our friend. The fact that they own so much of our debt scares the everloving crap out of me.
If any civilization understands the concept of "revenge is a dish best served cold," it's China.
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