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May 15th, 2012 
FAKE NEWS for the Zionist agenda 
The Chinese government is purchasing oil and natural gas from the US. These resources are worth billions; however the Obama administration is selling our domestic energy resources to China.
This action could force the US to become even more dependent on foreign sources of oil.
The China National Offshore Oil Corporation (which is owned by the Chinese government) and Sinopec Corporation (the Chinese government owns the most stock in this corporation) are buying oil from the US.
“Sinopec Group, the largest shareholder of Sinopec Corp., is a super-large petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.”
China National Offshore Oil Corporation (CNOOC), a “Chinese energy company Cnooc Ltd. has agreed to pay $570 million for a one-third interest in Chesapeake Energy Corp.’s 800,000 leased acres in northeast Colorado and southeast Wyoming. The acreage is in the Denver-Julesburg (DJ) and Powder River basins. Cnooc is China’s biggest offshore oil and natural gas producer”.
Obama offered the Chinese government a third of any new petroleum uncovered in the Chesapeake Bay. Those deposits are estimated to produce 500,000 thousand barrels of oil per day. Sinopec has been promised financial rewards from profits in states like Louisiana, Texas, Michigan, Ohio, and Oklahoma. The fracking endeavors by Niobrara Shale are nearly guaranteed to pay out financially for CNOOC.
China also has invested quite a bit into the energy rights of the US of our own natural resources.
One explanation for the Obama administration is trading US natural resources to China for cash is that China is leading the non-aligned nations signed onto BRICs in acquiring gold. The use of gold for currency has been seen in those BRICs nations where their fiat currency is becoming equivalent to their precious metals stores.
America, being country controlled by our central bank, cannot claim the same creditability with our fiat currency.
In reality, the US dollar is being pushed out as the global reserve currency, which is causing the US dollar to lose its value. Couple that with the hyper-inflation Bernanke is threatening and you have the implosion of the US dollar.
Many of the European central banks have recently had liens filed against them because of their involvement in the destruction of the world’s financial system. These central banks are not able to cover their debts as they print more fiat than they have precious metals to back up.
China, along with the BRICs nations are in the process of creating an alternative currency where the non-aligned countries can trade comfortably without the fear of central bankers controlling the flow of money or dictating its value.
The International Monetary Fund and World Bank strongly disapprove of this move by BRICs. The IMF has already proposed the Bancor, a central banking cartel controlled fiat currency to replace all the world’s currencies.
The BRICs nations will not convert to a single currency but use their own respectively in correlation with their actual governmental gold and silver stores.
These acts by China are a threat to the future of the US dollar.
It appears that Obama is attempting to deter China and the BRICs nations from continuing their efforts by offering China US natural resources.
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