Unocal

[anthrax]

A Chinese oil company's attempting to buy Unocal Corp (US)

the Senate is trying to prevent that takeover

Should the government protect large/strategic US companies to be bought by Chinese ones?

 

[The Wenis]

that's old news

i think unocal is in negotiations with a u.s. company now, but i'm too lazy to google it.

 

[anthrax]

that's old news

i think unocal is in negotiations with a u.s. company now, but i'm too lazy to google it.

Old !?
It's not finished yet

Chevron may save Unocal from the Chinese but even if they do it, the Chinese company has said they would buy another US company

http://www.washingtonpost.com/wp-dyn/content/article/2005/07/21/AR2005072102069.html

 

[Devastation]

yes we should allow the chinese oil company to buy unocal. and unocal is hardly a "large, strategic" oil company in the US. i don't think it's even in the top 15. it's an 18 billion dollar company, hardly anything compared to a company like chevron. it is anti capitalistic to prevent this type of transaction with china and unocal to occur. we have to realize that the trade deficit with china is a real problem and that the transfer of real assets, such as unocal, will continue as long as the trade deficit with china continues. that's how this shit works