15.1 billion smackers. Reportedly, China’s national oil agency (CNOOC) is willing to cut a deal with Canada for a real puddle of oil for 15.1 billion dollars (US). Lovely.
Now Senator Chuck Schumer (D-NY) and Representative Nancy Pelosi (D-CA) have a dump in their diapers and want to change the course for which they previously fought.
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.
Similarly, Rep. Pelosi is now sounding alarms of concern. In a statement, Pelosi spokesperson Drew Hamill said:
This deal prompts great concern about the Chinese government’s continued attempts to use its state-owned enterprises to acquire global energy resources.
I probably don’t have to tell you, but there be empty-headed idiots among us. We just mentioned two, but we could start with the majority of the democrats in our national legislature and shuck the denseness from the ears of understanding and we wouldn’t get a bushel of knowledge from the entire progressive field. The piece continues:
Saying “I told you so” offers little solace to concerned Republican lawmakers.
“Do we really want to be buying our oil or Canadian oil back from the Chinese?” said Sen. John Hoeven (R-ND). “If we don’t take action to develop our resources and work with our closest friend and ally Canada, that’s exactly what’s going to happen.