This Chinese move gives me jitters, they slowly move, make decisions that are always seem permanent, show little flexibility (unless it is limiting their growing marketshare in a country by only 10% increases)and oil, cattle, hogs, grain, timber, nat. gas (red states for Bush) are our few industries (yes the reserves of this co. are in Asia)that are world market leaders.
Do we wait for Biotech and Nanotech to make us exporters again?
When oil hits $100 will China send the profits to the US when they purchase oil from Unocal's reserves in Asia? No
I have a gut instinct that the huge American trade deficits with China, and Washington's diminishing economic leverage with China made this deal already before it was announced via the White House saying they would not block it.
How can anyone say it is against national security and on what grounds?
Chevron Could Raise Unocal Bid Or Boost Cash Portion 06.24.05, 10:26 AM ET
Tear Sheet | Chart | News
Standard & Poor's Equity Research reiterated a "buy" rating on Chevron (nyse: CVX - news - people ) after Unocal (nyse: UCL - news - people ) said it has received a waiver from Chevron to engage in talks with CNOOC (nyse: CEO - news - people ). The waiver is valid at any time until the date of the Unocal shareholder vote on the proposed merger with Chevron, but the date of the Unocal shareholder meeting and vote has not yet been set. Unocal's board has already recommended the Chevron transaction to Unocal shareholders and that recommendation remains in effect. "We view the CNOOC bid as pricey at near $67 per share (or $11.5 per proved barrel of oil equivalent), but below the $70 per share some had expected, and we believe it is not high enough to derail the Chevron deal," S&P Equity Research said. "We think Chevron will likely either raise its bid (which we now value near $60 per share), or increase the cash portion of the bid (since many of Unocal's shares are held by tax-deferred organizations)."