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 ...
In addition-- given Bush's indisputable obligations to the oil industry, this whole scenario shapes up to be a defining moment for the President.
I clarified. Is that allowed?
What fantasy land do you live in where you can actually believe it's not within the President's power to block this deal?
Why don't YOU tell me what we should call it if he chooses not to?
LOL!
You 'clarified'?
You mean backpedaled.
You should know. Adios!
In what fanatsy land do you live in where the President CAN command business in the way you allude to?
You seriously think he can wave his hand and dissolve the deal?
He doesn't have that kind of authority.
Congress does.
The legislative branch has the authority to do 'something' about it, not the executive branch.
Clinton, the traitor, the liar, the womanizer.
OW! that one hurt :)
Thanks for the Zot!
I'm afraid the shield was still up when he arrived.
AM dropped by with milk and cookies at post 65.
As a result, Dubyous cannot come to the phone right now so I will have to take a message for him.
I will also post this in his stead, "It's all a conspiracy, honest! hey're all after em, the build a boogers and the trilascerationals! Dimethyltryptamine 42, I love you!"
After that, he ran off lashing out at invisible elves.
Quote: So business somehow translates into treason?
Care to explain?
2 ex Cia directors (Gates and Woolsey) and a ex Joint chielf of Staff Gen P.X. kelly came out and are against this offer by the chinese and said it will affect national security.
I've read your comments. It sounds like you don't care or have concern. You also made the comment that business will go to the lowest paid wage source. This has nothing to do with wages but oil supply.
70% of unocals oil reserves are in asia. Who do you think will get that oil- the US or china??
I'll trust your views more when you show me your credentials
I don't think they are anyhting near an ex cia director or general.
BTW: I thuink Bush does have the power to stop this transaction...or at least get the ball roling in congress.
Bush may have the power to stop this transaction, however if he doesn't, that will not make him a traitor.
LOL
You are missing the entire reason I asked the question to begin with.
Once you are done pretending to know what I am asking and why, I will get back to you.
I think Bush will put up some roadblocks or at least have people seriously check into the transaction. There is talk that all the "sensitive/propreitary knowledge" will remain in US hands and not be part of the transaction.
This is between two private companies, it's none of his business nor the business of Congress. Granted, one of the companies is majority owned by the PRC but it's still a private company in some sense.
First, you cannot be 70% by a government be considered private in any sense.
Second, this is not a buyout offer from a UK or Taiwanese company. It is from an arm of the communist PRC which is in the hunt for greater access to oil.
To simply treat this as a deal between two profit seeking companies is naive.
No, it's conservative. What is naive, and wrong headed, is the Republican ideal that it is somehow right to be involved in what amounts to nothing more than a business deal between two companies.
...so it's o.k. for Loral corp to sell military componets to another company that is located in china because after all it's sale between 2 private companies right??
Quote: No, it's conservative
Yeah right for RINO's
Big difference between military parts, which do constitute national security, and oil. Perhaps if the Republican party got its business together and either pushed through drilling rights in Alaska or dissolved the federal lands there so private companies could get to business it wouldn't be such a concern for you.
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