Posted on 07/17/2005 8:30:37 AM PDT by CodeRouge
... SO, CNOOC vs USA, in short, is a war for oil, much the same with Iraq, but without the humvee or the jihad. If CNOOC takes control of UNOCAL, it will make it an owner of many big offshore petroleum operations, put threats to USA's energy security, provide a new cause for the rise of oil price : China is hogging its own petroleum and will not sell it to the world, and somehow an indication of USA's powers dwindling down.
(Excerpt) Read more at the-hip.blogspot.com ...
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