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Schumer bashes China-Canada oil deal

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    Democratic senator aims to block Cnooc bid

  • Duration 2:40
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Okay what that -- first first he tells the Fed chief that's.

Despite.

False to false start so we're having a much rougher time than we ever imagined getting unemployment -- Yes that's true so get to work mistook him.

It's -- that that fifty billion dollar oil deal may infringe on US national security but oil.

Kevin -- says it is time for the senator there.

-- but out of things that don't concern and by the -- we did resets the senator's office we're still awaiting a response.

You're saying focus on the energy issue here and opening up -- here now listen.

Our old friend mr.

hypocrisy is -- yeah you know I mean Chuck Schumer is coming several times here you know we've heard lots from him about how we can secure America's future will.

Yet he voted against XL pipeline which I think is more concerning and now it's coming in complaining that China is doing business with with Canada.

Clearly if anybody's gonna benefit from this -- -- the gulf is develop its gonna be America so I'm confused all around at what mr.

Schumer is actually trying to do here.

Obviously we're environmentalists concerns -- and that was the argument that that that could considers this pipeline they mule that bite -- Pushing that that that we'd be pushing the Canadians.

Into the arms of the Chinese that's exactly what happens.

When it happens now.

Well I think we we see higher horrible prices in this country -- we need jobs immediately this would create jobs and let's make let's make this clear this deal with next so.

It is next and in the gulf is is that it deal that has to be developed it would cost billions of dollars to do to develop this area in the golf.

And if that happens we would create jobs immediately.

So what we have to focus on -- what about the other countries have done much bigger deals twenty billion dollars from from its data well.

You by the -- you think China but.

The -- -- more to the point the concern of what that is.

Would -- done this that we pushed ahead with Butler.

No I don't think so and I think we would have much more secure energy future here in the United States if the pipelines but there's always going to be his environmental concerns -- But right now we -- at a point where we have to decide objectively not emotionally now politically what we can do in this country to secure energy future that pipeline was key to this argument.

And he voted strongly against it and now it's coming back and picking up the China card I think basically it's just a political move.

But is Italy is the reason and it's the sort of a bit he's the reason -- the reason is it's -- That's right where -- he's the one who voted against the XL pipeline that was adamant about it and now here we are in this situation -- like what we're gonna do deals with Canada.

And here we are again once again over that barrel.

Tim thank you very much Kevin -- -- trading international CEO all right.