Unocal:Bush do nothing

Discussion in 'Politics' started by ASLANSPAL, Jul 13, 2005.

  1. ASLANSPAL

    ASLANSPAL
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    President George W. Bush has declined to take a stand on the issue, saying he will await the CFIUS review process.

    http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nN13639287&imageid=&cap=

    WASHINGTON, July 13 (Reuters) - China's bid to buy U.S. oil producer Unocal was part of a calculated challenge to America's global power and could damage U.S. interests in Asia, American critics of the offer told the first congressional hearing into the deal on Wednesday.

    "I believe the PRC's aim is inexorably to supplant the United States as the world's premier economic power and, if necessary, to defeat us militarily," said Frank Gaffney, a Pentagon strategist under the late President Ronald Reagan.

    Gaffney, a frequent China critic, was one of four witnesses who testified at a hearing of the U.S. House of Representatives Armed Services Committee that was dominated by criticism of state-run CNOOC Ltd's (0883.HK: Quote, Profile, Research) (CEO.N: Quote, Profile, Research) $18.5 billion bid for Unocal (UCL.N: Quote, Profile, Research).


    Is bush appeasing the Chinese to get them to do
    very little about North Korea.imho

    I think bush would sell his own mother to Quaker
    Oats if he could make a buck.
     
  2. KenH

    KenH
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    What is wrong with waiting until the review is completed?

    Personally, I am concerned that if CNOOC fails to acquire Unocal it might come after my company because of all the oil we are finding offshore Malaysia. I doubt they could pull off a takeover since it is still pretty much a family run-type business. But just to be on the safe side I have a hard time resisting the urge to hope that CNOOC is successful in taking over Unocal, especially since Unocal has little in the way of domestic production, whereas we have quite a bit of production in the Gulf of Mexico.
     
  3. KenH

    KenH
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    From the article:

    "But Taylor was attacked by other witnesses and by lawmakers, who said he was naive to focus on market logic."

    Right. Let's not use any logic in making decisions. [​IMG]
     
  4. ASLANSPAL

    ASLANSPAL
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    http://www.freerepublic.com/focus/f-news/1442444/posts

    The simple fact is that energy is a strategic commodity," said Rep. Duncan Hunter, chairman of the House Armed Services Committee. Hunter, R-Calif., said Unocal's holdings _ from drilling rights to exploratory capabilities in Asia and elsewhere _ "represent strategic assets that affect U.S. national security."
     
  5. ASLANSPAL

    ASLANSPAL
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    http://www.freerepublic.com/focus/f-news/1442444/posts

    The simple fact is that energy is a strategic commodity," said Rep. Duncan Hunter, chairman of the House Armed Services Committee. Hunter, R-Calif., said Unocal's holdings _ from drilling rights to exploratory capabilities in Asia and elsewhere _ "represent strategic assets that affect U.S. national security."
     
  6. KenH

    KenH
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    From the article:

    "He said Unocal production accounted for a "small and trivial" 0.23 percent of world oil output and any oil China derived from Unocal would displace oil it now buys elsewhere.

    China would have to occupy the entire Middle East to have a significant impact on oil flows and prices, Taylor said."
     
  7. LadyEagle

    LadyEagle
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    ASLANPAL, how can we expect anything different from our globalist in the oval office?
     
  8. KenH

    KenH
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    How would CNOOC buying Unocal adversely affect the United States?

    By the way, I am actually opposed to the purchase since CNOOC is majority owned by the Chinese government. This purchase is not a level playing ground competition with ChevronTexaco.
     
  9. hillclimber

    hillclimber
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    It is ridiculous to even consider allowing a communist nation, especially China, to have control of so vital a resource.
     
  10. OldRegular

    OldRegular
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    Can we expect anything but trash talk from you and ASLANPAL about Bush?
     
  11. ASLANSPAL

    ASLANSPAL
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    Actually Old if you would observe it is a valid
    topic and will be ongoing politically because
    it segue into our national interests..bush
    is the executive officer who has a pulpit to
    protect our national interests...I do not see
    him doing that..imho he is doing nothing and I think to do nothing or even weigh in ..is tantamount to saying the deal is okay with him..or it could be just plain old incompetence and rove is tied up for the moment. ;)

    Now Old Regs do you have a counterpoint about
    Unocal and Bush our national leader dealing
    with national security interests should or should
    not do anything...simple.
     
  12. Pastor Larry

    Pastor Larry
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    YOu need to make up your mind. Either he is doing something or doing nothing. You have said in this thread. Decide which you want to argue for.

    And while you are deciding, tell us what is wrong with waiting to find out the facts of the matter? Why are you so anxious to rush to judgment? Aren't you one who decried Bush for making a decision on Iraq too fast before having all the info, and now you are blasting him for waiting for the info.

    I think what we see is political schizophrenia, someone who will take whichever side of an issue that will make Bush look bad. At least it's comical ...
     
  13. ASLANSPAL

    ASLANSPAL
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    Larry what are talking about? now you are the
    one being comical....Bush is the commander in
    cheif ..he is suppost to look out for our
    national interests ..he has a pulpit to express
    that..it is obvious to me we do not and should
    not sell oil assets to the communist red chinese
    period...imho bush is doing nothing.

    aren't you the one that claims to be a pastor
    but wants to outsource all your congregations
    jobs to mexico?
     

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