Should the U.S. Stick Its Head in Our Oil Sands?
Christopher Sands
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Posted 09.26.2012
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Canada Business
Read More:
Chuck Schumer,
United States,
Japan,
Cnooc,
Nexen Buyout,
China,
Canada,
Oil China,
Chinese Investment Oil,
Oil Investment China,
China Oil,
Canada Business News
Senator Chuck Schumer wants the U.S. government's Committee on Foreign Investment in the United States to intervene to block the China National Offshore Oil Corporation (CNOOC) -- a state-owned firm -- from purchasing Nexen, a Canadian energy company active in the oil sands of Alberta. At first glance, it seems awfully presumptuous of the United States government to intervene at all.
