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Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Tuesday, August 02, 2005

Good News......

CNOOC Withdraws $18.5-Billion Bid for Unocal

Chinese energy company CNOOC Ltd. today pulled out of the running for Unocal Corp. after its $18.5-billion bid for the California oil company triggered a U.S. political backlash against China.

CNOOC, whose bid was significantly higher than a rival proposal by Chevron Corp., said it would have sweetened its offer if it were not for "unprecedented political opposition."


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