GOP Slams Obama on China-Canada Oil Deal?
China's plan to gain a bigger foothold in North American oil production shows
the U.S. government needs a more aggressive energy policy, a group of
influential Senate Republicans said on Thursday, while a Democratic leader
called for review of a Chinese bid to buy a major Canadian oil firm.
The senators said they were concerned about the bid by China's state oil
company CNOOC for the Canadian oil company Nexen, but they stopped short of
saying that the U.S. government should try to do something to stop it.
"I have concerns about the deal, very definitely. I think it has to be looked
at carefully. I think I'll stop there for right now," said Senator John Hoeven,
when asked at a news conference whether the U.S. government should
"But the real point is, we should be developing these resources, not having
the Chinese government acquiring them," said Hoeven, a North Dakota senator
whose home state has become the nation's second-largest oil producer.
"Do we really want to be buying our oil or Canadian oil back from the
Chinese? 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," Hoeven
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