China buys into U.S. off-shore oil leases.
Mark Tapscott, Beltway Confidential
"If the administration approves the deal, it will be more vulnerable to charges that the White House is being careless with U.S. national security issues in the energy sector, and that it is putting the interests of a foreign power before those of U.S. energy consumers."
UPDATE: Bishop says Obama policy aids foreign nations, not U.S.
Rep. Rob Bishop, R-UT, says the Statoil/CNOOC deal is indicative of the Obama administration's failure to protect U.S. consumers from foreign nations seeking to tap into this country's abundant energy resources:
“Unemployment will continue to exceed acceptable levels and the economy will continue to suffer until this administration reverses its anti-energy policy. China and other foreign countries are gaining access to the abundant natural resources located in the American OCS, meanwhile an energy starved U.S. continues to experience the detrimental effects of Secretary Salazar’s decisions to place special-interests before the American people.
Since taking office this administration has made great strides in helping countries gain access to American energy resources, it’s just too bad the U.S. isn’t one of them.”
Bishop is chairman of the Congressional Western Caucus, which includes a number of representatives from Western states with significant energy and other natural resources.