China Deal Benefits Obama Donors

Washington Free Beacon ^ | 3/2/13 | Andrew Evans

[exbrit]

The government watchdog group Judicial Watch is suing the Treasury Department for records pertaining to the department’s decision to grant a Chinese government-backed company access to oil deposits in the Gulf of Mexico, a move that will benefit Obama donors.

The Chinese National Offshore Oil Corporation (CNOOC) reached a “definitive agreement” with Nexen, Inc., a Canadian energy company, announced on July 23, 2012, to buy all of the company’s outstanding public shares. Nexen has holdings in the Gulf of Mexico and Canada, giving the Chinese government access to millions of barrels of Keystone XL and Gulf reserve oil.

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[exbrit]

Big oil behind the Obama Administration - Say it isn't so /s

[SunkenCiv]

Thanks exbrit. Gosh, I didn't even know Soros *had* Chinese business interests.

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[Ben Ficklin]

"Say it isn't so"

Your getting your oil and gas business news from a NeoCon political website.

It has been reported at Bloomburg and O&G media that CNOOC has ceded operating control of the assets in the Gulf of Mexico.

And if you go back to when this buyout began, many pointed out then that CNOOC was most interested in any deepwater drilling technology that they use in the South China Sea.

And as an exbrit, surely you know some of the holdings that CNOOC is getting from Nexan are in the North Sea?

[GOPJ]

China Deal Benefits Obama Donors

I'm soooooooo surprised... NOT.

[blueyon]

THIS just SUCKS!!! Thank you Democrat voters for putting this man back in so he can finish off what he didn’t get to the first time around. Republican Congress needs to step up to the plate on this. US should have the “rights” to the Gulf!

[indthkr]

obama pay-to-play bump for later...