July 5, 2005

On CNOOC-Unocal: A Question

Filed under: Business Moves, Corporate Outrage, Economy, Taxes & Government — TBlumer @ 7:20 am

Everyone who is okay with the possible acquisition of Unocal by a company that is 70%-owned by the Chinese government should have to tell us whether they would support the US government nationalizing Unocal. And if not, why not.

And, thanks to Kelo, here’s a strategy for the Feds. First, condemn Unocal’s property. Then buy the whole company on the cheap when the stock tanks (so to speak) in response.

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