No Way To Treat A Dragon?

No Way To Treat A Dragon.

Logic of The New York Times: China's failure to acquire Unocal will turn China into an aggressive opponent of the US.

The New York Times could "get a clue" on China's intentions by reading the Pentagon's report on China's military build-up. The Times would give China the rope to hang us by selling them our oil companies.

The Times fears China would buy oil from Iran, but there's no guarantee China wouldn't wheel and deal with Iran in addition to acquiring Unocal.

China's free-market communism is a one way street for the Chinese. They refuse to reform politically, they restrict media, they restrict foreign investments into THEIR country, they refuse to appreciably "lift currency controls that has enabled it to build a huge stockpile of U.S. dollars", they love exporting products but not importing American products, they won't push N. Korea hard on nuke talks, their generals threaten nuclear attacks against the US.

And that's No Way To Treat An Eagle.

Chevron won out over CNOOC and "had several factors working in its favor _ regulatory clearance, the support of Unocal's board and the backing of U.S. lawmakers, who questioned whether economic and national security interests would be threatened if a company with significant ties to China's Communist government were to buy a major U.S. oil company".

Chinese response: "The unprecedented political opposition...was regrettable and unjustified,"

A company (CNOOC) that is 70% owned by the political Chinese communist state renders this indignant pronouncement a farce.

-- LynZee