You remember the CNOOC-Nexen deal, right? China’s State-owned CNOOC was looking for some offshore energy assets, and Canadian oil and gas producer Nexen raised its hand and said “Pick me!” Hilarity then ensued on the political front, both in the U.S. and Canada, and somewhere along the way, I’m sure some of the Chinese people…
It looked like a sure bet for approval when it was announced, but now the future of the CNOOC-Nexen deal is decidedly murky.
Add Senator James “Batshit Crazy” Inhofe to the list of U.S. lawmakers who want America to stop the CNOOC-Nexen deal.
Sensing an opportunity to score some cheap China bashing points, some Democrats and now joining their Republican colleagues in calling for a national security review.
I’m always amused by the insane rantings of lunatics. Meet the co-founder of the Congressional China Caucus and his vision for a U.S. energy policy.
Yesterday’s post on the CNOOC-Nexen energy deal included a prediction that U.S. politicians, particularly those who are in the pocket of the oil and gas industry, would use the announcement to bash President Obama. My post title, “Who Lost Canada?” was all about the expected blame game. Surprise! Just saw this in Reuters: Republican senators…
China’s energy diversification strategy seems to be chugging along quite well, eh?
Would a U.S. rejection of a China bid for Yahoo be legally justified? I’m not sure anyone would even bother to ask the question.
Anecdotal evidence is a tricky thing. Just because China and the US have rejected a few acquisitions doesn’t mean that an M&A Cold War has started. Perhaps someone should tell Reuters.