• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 6 mins The Downside of Political Correctness
  • 5 hours Rioting and Protesting
  • 2 hours George Floyd’s History
  • 40 mins Trump waves a Bible
  • 10 hours US and Australia Sign SPR Lease Agreement
  • 28 mins China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 37 mins Main Stream Media falls into depressed mood today after hearing the record May jobs report UP 2.5 MILLION JOBS !
  • 4 hours Let's try to link the recent events back to the situation with oil production and pricing
  • 24 hours Healing, Not Hatred
  • 4 hours In the Event of WW3, Oil and/or Renewables?
  • 42 mins Coronavirus hype biggest political hoax in history
  • 10 hours China’s Oil Thirst Draws an Armada of Tankers
  • 21 hours Trumps Oil Industry....
  • 24 hours Let’s Try This....
  • 1 day Chicago Threatens To Condemn - Possibly Demolish - Churches Defying Lockdown
Are Diamonds The Future Of Energy Storage?

Are Diamonds The Future Of Energy Storage?

New research on energy storage…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Obama Blocks Chinese Purchase of Wind Farms Over National Security Concerns

The Chinese-owned company Ralls Corp. yesterday announced its intentions to sue Barack Obama for his decision, last week, to block the company’s purchase of four small wind projects in Oregon. Obama made the ban based on national security reasons due to the fact that the wind turbines were situated close to restricted air space used by a local navy weapons training facility.

Ralls Corp. is a Delaware-based firm which is privately owned by two Chinese nationals, who are also executives for the Chinese company, Sany Group, who build wind turbines. Ralls have accused Obama of overstepping his authority as president.

The complaint read: “By failing to provide Ralls with sufficient notice and opportunity to be heard prior to prohibiting its acquisition of the windfarms and imposing extraordinary restrictions on the use and enjoyment of its property interests, CFIUS and the president have unconstitutionally deprived Ralls of its property absent due process.”

Obama made the decision during a time when Mitt Romney has been accusing him of failing to stand up for US businesses who are receiving extreme competition from Chinese firms.

It is the first time in 22 years that a president has blocked a foreign investment due to fears for national security.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage



Leave a comment
  • MC on October 04 2012 said:
    Yet he's allowed them to purchase thousands of acres of oil and gas fields.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News