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Sunday, July 29, 2012

Democrats Backpedal as China Readies $15.1 Billion Canadian Oil Deal

When President Barack Obama blocked the Keystone Pipeline, Republicans said the move would encourage Canada to pursue oil deals with China instead of the United States and cede a massive chunk of North American oil assets to the communist nation. 

Now, with China's state-run oil company CNOOC poised to cut a $15.1 billion deal--the largest ever foreign acquisition for a Chinese company--with Canadian oil company Nexen, Sen. Charles Schumer (D-NY) and Rep. Nancy Pelosi (D-CA) are in full backpedal mode.

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8 comments:

Anonymous said...

Intelligent people saw this coming, Democrats couldn't.

Anonymous said...

I am sure they will find a way to blame Bush in the years to come when the consequences are being felt.

Stupid A@@es who voted for him said...

All done by design in the decline of America by Obama!!!!!

Anonymous said...

We told you it would happen; you refused to listen to ligic; now it's happenimg. Soooo, what did you do to us because you knew what was best for us? You will do something equally as stupid as this tomorrow morning, because you can't learn from your mistakes. Yet, somehow, you keep getting re-elected by victims of our delusional educational system. DUH. Don't come to me with your story, because, unlike the Democrats, I can't fix stupid!

Anonymous said...

Another big FAIL from the Obama regime.
It's looking intentional.

Anonymous said...

You clowns do realize that China has been buying up oil companies/projects left and right around the world right? Including right here in the US! This has absolutely NOTHING to do with Keystone.

Anonymous said...

801-So that's why after Keystone XL was rejected by Obama, that same canadian company announced a plan to build a pipeline to the west coast of canada....to export the oil to asia.


Another Obama blunder. Plain and simple.

Anonymous said...

1113, and the same company is still planning on building keystone. Clown its not an either/or proposition when you are moving one of the top commodities in the world. Don't you dolts think these things through beyond what Limbaugh and Hannity feed you. And I see you can do nothing but scream "Obama". I guess you wanted Obama to actually practice a bit of socialism and use gov. money to go buy Nexen just like the Chinese did huh?