0 congress went absolutely nuts over it it. in the end, that deal did not go through. that was in 2005. china was not allowed to come in and buy that company. now they are trying good. they are in the process of trying to buy a canadian oil company. but again, the committee on foreign investments in the u.s. has some jurisdiction here because the canadian company does a lot of business in our gulf of mexico. this is a chinese government-owned giant oil company trying to buy american oil infrastructure. think the deal is going to go through this time? it s a $15 billion oil deal. you think it s going to go through? it didn t in 2005. hount this new version? since the last time the united states said no, cnooc is famous for going into business with iran. they are in the process of developing a huge iranian natural gas field. i know it s china and china doesn t follow the same rules as and what that means, beyond just the convenience of voting early in those state, what it means for the c
ex-planing what they do. it s supposed to be an oil derrick and the c is the platform that it s sitting on. the whole thing is in blue water because they are an offshore oil company. this chinese company is a huge company. it s almost entirely owned by the chinese government. in 2005, they tried to take over an oil company based in california. so big chinese, state-run company trying to take over a california company. this is the chinese government, a big business deal like that actually does have national security implications for us as a country. that s the kind of international business deal that s subject to review by something called the committee on foreign investments in the united states. a big committee that reviews this stuff. the treasury secretary heads it up. when that committee was reviewing this deal with, congress went absolutely nuts over it it. in the end, that deal did not go through. that was in 2005. china was not allowed to come in and buy that company.