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

[Mycos]

Eugene Vilensky wrote:
> On 6/25/05, Mycos <mycos at shaw.ca> wrote:
> 
>>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
> 
> [snip]
> 
> 
> Do chinese national oil companies sell their extract on the open market?
> 
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> 
> 

No idea what their true intentions are, but "In CNOOC's letter to 
Unocal, it went to great lengths to say that its bid was friendly, 
despite being unsolicited. "This friendly, all-cash proposal is a 
superior offer for Unocal shareholders," wrote CNOOC's chairman and 
chief executive, Fu Chengyu.

Trying to assuage concerns of some in Washington, CNOOC pledged to 
continue Unocal's practice of selling all of the oil and gas 
produced in the United States back to customers in the United 
States. The company also said it would retain substantially all of 
Unocal's employees in the United States."

-- 

Gary Williams

"Over himself, over his own body and mind, the individual is sovereign."
- John Stuart Mill

http://mycos.blogspot.com/

Todays Iraq Body Count

   Min       Max

  22563     25560