Posted on 07/30/2012 8:47:09 PM PDT by Rabin
Rep. Ed Markey (D-Mass.) has joined Sen. Charles E. Schumer (D-N.Y.) in calling for the United States to issue a conditional block CNOOC's proposed acquisition of Canada-based Nexen, The Wall Street Journal reported Monday.
Markey said that Nexen has drilled for oil in the U.S. without paying royalties and that, if the merger proceeded, would result in a "massive transfer of wealth" to China at the expense of the American taxpayer, the Wall Street Journal reported.
Sen. Charles E. Schumer (D-N.Y.) on Friday asked Treasury Secretary Timothy Geithner to block CNOOC's proposed acquisition of Canada-based energy company Nexen until the Chinese government takes "concrete, enforceable steps to open that country's markets to foreign investment and level the playing field in international trade."
(Excerpt) Read more at rigzone.com ...
Raben
Beyond laughable coming from Schumeridiot given his recent vote against the Keystone Pipeline. New Yorker’s should be proud. Typical Democrat hypocrisy. =.=
the left made this mess and now are trying to clean it up with more idiocy
They've just about cornered the market....
If the United States, like. . . BOUGHT the oil from Canada, see. . . and then, we like - shipped all the oil to our, like, refineries, maybe like on a pipeline. Then, like, the Chinese wouldn't like GET the oil.
How kewl would THAT be?
As a member of Congress, that’s CONGRESSMAN Schumer, thank you. That should piss him off!!!
As a member of Congress, that’s CONGRESSMAN Schumer, thank you. That should piss him off!!!
As a member of Congress, that’s CONGRESSMAN Schumer, thank you. That should piss him off!!!
Can somebody down there tell Schmucky that this is Canada, His little fiefdom is south of our boarder. I’m sure he’s not going to like the business end of a hockey stick if he comes up here.
From the article:
Geithner is chairman of the Committee on Foreign Investment in the United States (CIFUS), which reviews deals involving the sale of U.S. interests to foreign firms for national security purposes.
While Nexen is a Canadian oil company, it has significant drilling operations in the Gulf of Mexico. For this reason, the proposed acquisition would require approval from (CIFUS).
“And because of Nexen’s overseas operations, the deal also must be signed off on by the UK,” Andrew Schrage, co-owner of the financial news website Money Crashers, told Rigzone Monday. “This process could take up to nine months.”
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