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Originally Posted by jorgelito
Much Ado About Nothing. Unocal is way overpriced (my opinion, not based on anything). I say let them have it, then go alternate energy. If the deal doesn't go through, then you can't say the US only cares about money. It's a hell of a deal.
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I guess everyone is in agreement then...........
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http://www.chinadaily.com.cn/english...ent_457657.htm
Why is America Worried?
Fu Chengyu Updated: 2005-07-06 11:24
Two weeks ago, our company, Cnooc Ltd., extended a friendly, all-cash offer to Unocal's board of directors. After being invited to engage in dialogue with Unocal earlier this year, we entered detailed negotiations regarding a possible merger. We have made our offer because Unocal's asset base -- 70% of its oil and gas reserves are close to Asian markets where we operate -- fits our business extremely well. We are listed on the New York and Hong Kong Stock Exchanges and have fiduciary obligations to all of our shareholders. We believe this merger will offer our shareholders, which include many leading U.S. institutional investors, tremendous growth opportunities.......
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The problems I see are that people who Bush owes are selling their influence to a Chinese corp. with a majority of it's stock owned by the People's Republic of China, to help them buy the third largest U.S. domeciled oil company, while the president is telling the troops and the people that this country is in such peril that it is necessary to wage a long, hard war with nearly 11,000 seriously wounded or dead U.S. troops, so far. Forgive my alarmist concerns and my disgust at the greed motivated hypocrisy.