Posted on 06/24/2005 6:54:48 AM PDT by Tumbleweed_Connection
U.S. oil producer Unocal said on Thursday it received a waiver from merger partner Chevron Corp. that will allow it to talk to Chinese state-run oil company CNOOC Ltd. <0883.HK>, which made an unsolicited $18.5 billion bid for Unocal on Wednesday.
...would start discussions with CNOOC promptly.
Unocal said its recommendation to shareholders in favor of the $16.4 billion offer from Chevron remains in effect.
(Excerpt) Read more at cnn.netscape.cnn.com ...
As a last resort we can nationalize the oil companies and China will be left sitting by the roadside. Why not, they have done it to us.
Not "business"...THIS company. THIS deal. We're not talking theory and philosophy. We're talking about a specific case. Why are you willing to sacrifice national security solely for the purity of free markets?
As a last resort we can nationalize the oil companies and China will be left sitting by the roadside. Why not, they have done it to us.
-----
Well, if you are serious, we are having enough problems just keeping our republic together, keeping the socialists from hijacking our Constitution and our freedoms, without destoying capitalism by nationalizing major industries...
LOL.
Answer teh question and stop trying to dance around it.
Are you saying the President has control over the market and business in general?
Therefore, it isn't Bush's fault as you intent, it is Congresses fault!
If the President needed to he could sign an Executive Order blocking the whole thing in the interests of national security. Why don't you explain to me why you feel short term shareholder satisfaction trumps that? Why are you willing to sell America off to the highest bidder?
Last resort meaning the stuff is flying.
'Say, are you an 'economics graduate' by any chance?'
Very cutting.
"We'll know who America's biggest traitor is."
Go back to DU!
And you would be the first to SCREAM about it if he DID do that.
Now, explain how it is treason on the part of the President if the deal goes through?
Backhandedly referenced economics graduate is back among the living as of 12:42 this morning.
Hmmm, how about your friend selling off our stuff to china? Don't you think that may have had some effect to our economy? Security?
No way should this be allowed to happen. This trend, if not stopped now, is a recipe for national suicide.
It would be traitorous if he could stop it and chooses not to. My opinion. What is unclear about that?
Careful! That's troll talk.
Who's "my friend"?
Now you're changing your tune.
So you'll say that it IS treason regardless of whether or not the President even HAS the authority to do anything about it, but you'll hedge your statement by saying 'if he could'?
No guts no glory troll.
You backpedlaled.
LOL!
Nice try troll.
YOU said it was treason on the PRESIDENTS part if the deal goes through.
BnBlFlag didn't say that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.