How blind are our energy analysts?

I came upon an article last week that indicated that the significance of the Nexen takeover by CNOOC was China's access to fracking technology.  This morning, I decided to try to find that article.  I couldn't, but I found these:

• A Chinese article confirms this deal will help unlock China's vast shale oil reserves
• The Council of Canadians opposes the deal for environmental and indigenous heritage reasons
• This BusinessWeek article stresses that technology was the most important asset CNOOC bought.  Technology that includes deep water drilling
• The deal was put throught despite CSIS concerns about Chinese espionage
• This article highlights the deep water technology

Having seen my homeland's economy hollowed out by short sighted business leaders (such as those who run Acer, Asus and other Taiwanese companies).  They were pivotal in developing China's IT industry by shifting production to China from Taiwan.  It is rather sad that Canada is following in the same path.  How the heck would there ever be a need for the Northern Gateway pipeline if China can now develop, with western know-how, their vast shale oil reserves?  What of the geopolitical fallout for America in the western Pacific if energy poor democracies such as Korea and Japan are beholden to the People's Republic of China (PRC)?  Is that why the PRC has been so brazen (along with the misguided Kuomingtang-led Taiwan) in the Senkaku Islands dispute with Japan?

When will we learn?