Chad Takes Over Two Oil Fields

Chevron and Petronas have been kicked out of Chad by the government. Siting unpaid taxes as the reason. However some think it is an attempt to bring China in to run the oil fields. Much like China has done in other parts of Africa.

(AP)Earlier this year, Chad broke off diplomatic relations with Taiwan and turned instead to China, a move that could help it sell its oil to the energy-hungry power.

China is already the largest exporter of oil from Angola and it also exports oil from Sudan.

The production and export of petroleum in Chad are overseen by the Exxon Mobil-led consortium. Under the mechanism, Texas-based Exxon Mobil Corp. is responsible for 40 percent of the country's production, while Chevron and Petronas each have 30 percent.

I'll leave the question of whether this is another move by China on the U.S. for another post, but are there anymore reasons needed for us to find a real alternative fuel? Homes should start being built with solar panels to help reduce the dependence. In Europe you can actually sell back extra energy, from solar panels, to the power plants. These are the programs the government should be funding. Not more tax breaks for billion dollar corporations who do nothing but line their pockets with it!