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Location: Ames, Iowa, United States

Saturday, June 25, 2005

Chinese Trying To Buy Unocal?!!

In what could become a real disaster, the Chinese government owned oil company CNOOC Ltd has made a bid to purchase Unocal, the ninth largest oil company in the US. If the government doesn't nip this in the bud, it could open a back door for this potential future enemy to undermine our ability to respond in case of war. This can't be allowed to happen. There is already talk of selling some of Unocal's assets, which could end up anywhere, in anyone's hands.

"It's not a business transaction at all," said C. Richard D'Amato, chairman of the U.S.-China Economic and Security Review Commission, a congressional advisory panel. "This is not a free market deal. This is the Chinese government acquiring energy resources."

Our government is supposed to protect us ftom outside threats. This is one, for sure.

I'll be back



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