SHOCKING! China $1.7 Billion Acquisition of 200,000 Acres of USA Oil Fields | Now America Regrets It

#china #chinanews #project #usa #oil #desert In the Wolfcamp Desert in Texas, USA, there is a desert oil field covering an area of 200,000 acres. This once busy area was a major oil extraction site for the American company Pioneer Natural Resources. However, over time, long-term resource extraction and technological lag have led to resource depletion and environmental degradation. At the beginning of the 21st century, this area has become a forgotten and abandoned corner. In addition, the shale gas revolution and the dramatic fluctuations in international oil prices have also had a significant impact on “Pioneer Natural Resources“. In an effort to escape its debt crisis, Pioneer Natural Resources decided to sell its Wolfcamp Desert parcels in West Texas. In 2013, a Chinese company successfully obtained the lease rights to this 200,000-acre desert oil field for a price of up to US$1.7 billion. However, this decision triggered a lot of ridicule in the Western media. They believed that China had purchased a piece of useless desert land. Some even thought it was a waste of money. However, after several years of hard work, scientists have discovered about 20 billion barrels of crude oil, 16 trillion cubic feet of natural gas, and 1.6 billion barrels of liquefied petroleum gas on this land, with a total value of up to $900 billion. The United States is unwilling to accept that this project is in the hands of China. In recent years, it has tried to take back the lease rights of this desert land using various reasons and means. So, how will China respond to the various methods of the United States? ---------------------------------------------------------------------