"thunder" wrote in message
...
On Tue, 28 Jun 2005 16:24:25 +0000, NOYB wrote:


"Doug Kanter" wrote in message
...
How much you wanna bet the deal goes through, and your moron president
announces a short list of absurd reasons why it's a great idea?

The only way that the deal won't go through is if China refuses to budge
on the currency stalemate. *If* the deal goes through, the real reasons
won't be made public.

Frankly, I'm not sure the deal can be legally stopped. While there will
be a CFIUS review, it is unlikely that the UNOCAL deal will meet it's
guidelines for denial.

http://www.treas.gov/offices/interna...s/exon-florio/

" Factors To Be Considered. The Exon-Florio provision lists the following
factors that the President or his designee may consider in determining the
effects of a foreign acquisition on national security. These factors a
(snip)

(3) the control of domestic industries and commercial activity by foreign
citizens as it affects the capability and capacity of the U.S. to meet the
requirements of national security; "

Bush went to war with Iraq over the threat to our oil supply, so that should
show how serious he takes any threats to US oil supply.

You don't think he'll see CNOOC's control of a US oil company as something
that potentially "affects the capability and capacity of the U.S. to meet
the requirements of national security"? I do.





China is being pressured to float it's currency. If the deal goes
through, China will miraculously relent on the currency issue, and
finally
let their currency float...which would help America's economy in the long
run.

Doubtful. China has already stated it will re-peg it's yuan from it's
8.28 level, "in it's own time", but to float the yuan, very doubtful.
China hasn't a history of responding to outside pressures,

I don't think approval of the UNOCAL deal is enough bargaining power to get
the Chinese to float their currency...but it will at least provide a veil
for both sides to meet under and discuss the currency impasse.


and with an
over $100 billion trade surplus with the US, UNOCAL at $18 billion, is
small potatoes.

Much of the trade surplus is because their currency is pegged. The Chinese
are starting to **** off Europe, Japan, and Canada...who, combined, do as
much trade or more with China than we do. China has no choice but to relent
on this issue, or face harsh tariffs all over the place.