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.
http://www.breitbart.com/Big-Peace/2012/07/28/Democrats-Backpedal-As-China-Readies-15-1-Billion-Canadian-Oil-Deal
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