Mikkal Herberg on Canadian Fuel Investment
Analysis - Canada's stance on buyers won't cut oil growth
10/25/2012
Joshua Schneyer and David Sheppard,
Reuters
In other energy-rich countries, a decision to knock back a major foreign investment would likely provoke cries of resource nationalism and raise questions about prospects for oil and gas production growth.
Canada's surprise move last week to block Malaysian state-run oil firm Petronas' $5.2 billion bid for Calgary-based Progress Energy has spooked some investors, and raised concerns that Chinese state firm CNOOC's $15.2 billion bid for Calgary-based Nexen may also be rejected.
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Mikkal Herberg is a senior lecturer on international and Asian energy at the Graduate School of International Relations and Pacific Studies, University of California, San Diego. He is also the BP Foundation Senior Research Fellow for International Energy at the Pacific Council on International Policy and also serves as research director on Asian energy security at The National Bureau of Asian Research.
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