Baraka_Guru

Exxon, Devon, Occidental, and ConocoPhillips all have current and future plans for development in the Oil Sands, much of which is in partnership with Canadian entities. This Chinese deal is merely adding more capital to an already capital-rich area, and it will only continue. It's one of the largest oil reserves in the world (second only to Saudi Arabia, I think) that will only benefit from higher oil prices that are required for profitability (due to difficult extraction).

Canadian territory, Canadian rules. Chinese operations in Canada must abide by Canadian laws and regulatory rules or they will be penalized or shut down, just like any Canadian company would be.

I'm not sure those who hate corporate profits care who gets them. What is your ultimate point? You are American and would prefer Americans to get the profits that would come from this instead of the Chinese. I get that. What I don't get is why you're making such a big deal out of this.

Are you more concerned about what's going on in American oil production locally and abroad? Or is it more of a concern about Chinese economic expansionism?

I heard recently that it's only a matter of time before China becomes a larger economy than the U.S. I think it was within 12 years with current trending. Is this your concern?

EDIT (correction):
This article suggests that the Chinese economy may exceed the U.S. economy by mid-century, not the 12 years I mentioned above. Though I'm sure others might predict differently.

A New World Economy, Business Week

EDIT:
Such as PricewaterhouseCoopers, who is predicting by 2025:

China to overtake US by 2025, but Vietnam may be fastest growing of emerging economies

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