Schumer Gripes About CNOOC-Nexen

Posted by david on Jul 27, 2012 in Blog | 0 comments

I thought something like this might happen.   The China bashers in US Congress are so pitiful.  As if the US can block the deal.

  The U.S. government should block a bid by China’s state oil company CNOOC for Canadian oil company Nexen until China’s government provides fair access for U.S. companies that want to invest in China, a top Democratic senator plans to tell Treasury Secretary Timothy Geithner on Friday.

In a draft letter obtained by Reuters, Charles Schumer, the Senate’s No. 3 Democrat and a frequent critic of China’s trade and currency policy, said the powerful Committee on Foreign Investment in the United States should not approve the deal until China makes “tangible, enforceable commitments” on market access for U.S.

-Reuters