Panic in the US. A major chinese offshore oilcorporation has offered 18.5 billion dollar to purchase the american oilcompany Unocal. A deal that at first hand seemed to be kept domestic as Chevron had allready made a bid, but alas, the chinese are on a shopping spree like the japanese was it in the 80s and are slowly buying up american companies with the vast amount of american dollarreserves - the largest holding beside the american. It has selbverstaendlich caused a major commotion within the US, but El Presidente cant seem to find out which way the wind the wind blows as going against the bid would be a very un-capitalistic move, but on the other hand being bought out by China is about the worst thing that could happen to the soul of America.
Ill follow up on the progression in the matter. For now, only a bittersweet: first come, first served, ha!
June 29, 2005
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