[quote=briansd1][quote=flu]
This would be a completely different situation if the oil company was say from China or even the U.S. The former, U.S. lawmakers would be clamoring of reasons to kick China out. The later, U.S. lawmakers would be hammering to nationalize/takeover the U.S. asset…But again, we’re dealing with a British company.[/quote]
So are you playing the race card here?[/quote]
Brian, you must be smoking crack. I don’t get where your connection to a race card has anything to do with this…
Nice try, but fail…
It’s about political relationships between nations, or lack thereof..
Have you read about the Unocal deal, and the objections to that merger from CNOOC? Probably not…Folks went on record saying it was a treat to national security..
July 13 (Bloomberg) — Cnooc Ltd.’s $18.5 billion bid for Unocal Corp. is an “ominous” move by China to dominate energy resources for the benefit of its economy and military, Frank Gaffney of the Center for Security Policy plans to tell Congress.
Gaffney is scheduled to appear today before a House Armed Services Committee hearing, the latest sign of the opposition Cnooc faces in Congress as it tries to get Unocal’s board and shareholders to abandon a lower offer from Chevron Corp., the second-biggest U.S. oil company. Cnooc is 70-percent owned by state-controlled China National Offshore Oil Corp.
