China Readies $15.1 Billion Canadian Oil Deal

After Obama Blocks Keystone Pipeline
by Wynton Hall 28 Jul 2012, 10:26 AM PDT



When President Barack Obama blocked the Keystone Pipeline, Republicans said the move would encourage Canada to pursue oil deals with China instead of the United States and cede a massive chunk of North American oil assets to the communist nation.

Now, with China's state-run oil company CNOOC poised to cut a $15.1 billion deal--the largest ever foreign acquisition for a Chinese company--with Canadian oil company Nexen, Sen. Charles Schumer (D-NY) and Rep. Nancy Pelosi (D-CA) are in full backpedal mode.

In a draft letter to the Committee on Foreign Investment in the United States (CFIUS), Sen. Schumer writes:

I respectfully urge you, in your capacity as chairman of the Committee on Foreign Investment in the United States (CFIUS), to withhold approval of this transaction to ensure U.S. companies reciprocal treatment.

Read more: http://www.breitbart.com/Big-Peace/2012/07/28/Democrats-Backpedal-As-China-Readies-15-1-Billion-Canadian-Oil-Deal?utm_source=dlvr.it&utm_medium=twitter

Liberal Enviro Types: Canada's oil will just be sold to other countries if we approve the Keystone pipeline.

Looks like it will also be sold to other countries if we don't approve the Keystone pipeline, but now those pipeline jobs go to Canadians.

Thanks Obama, maybe those unemployed American construction workers can find jobs in the Great White North.

Pretty funny. On anything subsative all we are hearing is this,

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or this,


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It will be sold to foreign entities regardless of whether Keystone is ever constructed. That is the whole purpose of Keystone to allow the Koch Bros. a port to export Canadian oil away from the US.