[lbo-talk] Unocal, China and the Middle East

[Mycos]

Now here's something you can be sure has the neocon's full 
attention. Many, including myself, feel that a great deal of US 
behaviour in the Middle East, particularly Afghanistan and Iraq, can 
be traced back to the Unocal pipeline that is being proposed to run 
through those very areas.

Gary
~~~~~~~~~~

"Chinese Oil Giant in Takeover Bid for U.S. Corporation

By DAVID BARBOZA
and ANDREW ROSS SORKIN
Published: June 23, 2005

SHANGHAI, Thursday, June 23 - One of China's largest 
state-controlled oil companies made a $18.5 billion unsolicited bid 
Thursday for Unocal, signaling the first big takeover battle by a 
Chinese company for an American corporation.

The bold bid, by the China National Offshore Oil Corporation ( 
CNOOC), may be a watershed in Chinese corporate behavior, and it 
demonstrates the increasing influence on Asia of Wall Street's 
bare-knuckled takeover tactics.

Seventy-three percent of Unocal's natural gas reserves are in Asia; 
this platform is in the Gulf of Thailand.

The offer is also the latest symbol of China's growing economic 
power and of the soaring ambitions of its corporate giants, 
particularly when it comes to the energy resources it needs 
desperately to continue feeding its rapid growth."

cont.....
http://www.nytimes.com/2005/06/23/business/worldbusiness/23unocal.html?th&emc=th&oref=login
-- 

Gary Williams

http://mycos.blogspot.com/

Todays Iraq Body Count

   Min       Max

  22563     25560