Vive Le Canada

US Reaction To Chinese Takeover Bid Of Unocal

Posted on Saturday, July 02 at 12:50 by N Say
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[& Just why has Canada signed on to deals that make it illegal to block deals like this, for any reason? The Americans cite national security & Chinese control of oil assets in the gulf of mexico, etc, & meanwhile what has Canada done to stop takeovers of such things? -- NSay]

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  1. by Anonymous
    Sat Jul 02, 2005 9:47 pm
    I agree with N say's comment. This is going to cause a problem for the US because they are issuing promissory notes in exchange for tangible goods from China and not allowing the exchange of those notes for assets in an open market, while, at the same time, telling the world that assets should be for sale in an open world market. It looks slightly hypocritical. Perhaps the best thing to do would be to take UNOCAL off the open market and nationalize it for security reasons. :)
    Canadian247

  2. by Anonymous
    Sun Jul 03, 2005 12:13 am
    What happened to free trade and the market economy?
    Oh....yeah...we are talking about americans....sorry.

  3. by Anonymous
    Sun Jul 03, 2005 3:59 pm
    The smug US is now getting a taste of their own medicine.

  4. by Anonymous
    Sun Jul 03, 2005 6:19 pm
    Yup they sure are. And isn't it nice to know, what's good for China is good for Canada ? Well......ISN'T IT ?

  5. by RPW
    Sun Jul 03, 2005 8:41 pm
    If the US gets into an inconvenient spot though, how quickly will they be inclined to push the button..............?

    ---
    RickW

  6. by Anonymous
    Sun Jul 03, 2005 11:10 pm
    China would fire back
    :)

  7. by RPW
    Mon Jul 04, 2005 3:18 pm
    ....or maybe China would just buy Walmart, and really screw the US economy...............

    ---
    RickW



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