China Close To Buying Oil Leases In Gulf Of Mexico.

NYTIMES/
Cnooc, a Chinese oil company, is close to buying stakes in a few drilling leases in the Gulf of Mexico from a Norwegian company. The deal would include about 20 of StatoilHydro’s 451 leases in the Gulf of Mexico.
“By dipping their toe, they are attempting to see if it’s politically safe to get into our waters,” said Larry Goldstein, a director of the Energy Policy Research Foundation. “There’s still a hangover from Unocal.”