(Natural News) An oil company owned by the Chinese government announced plans to drop its assets in Western countries for fear of sanctions that may be imposed on it. Industry sources confirmed to Reuters in late March that China National Offshore Oil Corporation (CNOOC) is preparing to divest its operations in the U.S., U.K. and Canada due […]
in: big government,Bubble,chaos,China,China National Offshore Oil Corporation,CNOOC,energy supply,Investments,Nexen,oil company,oil inflation,oil supply,panic,petroleum,power,risk,sanctions,WWIII