[groovychick]

I am very relieved about that....
I thought the US has now gone completely insane
if we would give China control of a major source
of US oil.
China is our friend kinda like the Saudis are
our friends and with friends like that.....
well you know the rest!

[green iguana]

Unocal is not a major source of oil for the US. Most of it's production goes to Thailand, Korea and Japan. And still would have even if CNOOC bought it.

[staytrue]

"a major source of US oil.
"
most of unocal's oil is in indonesia and thailand.

[Toddsterpatriot]

I thought the US has now gone completely insane if we would give China control of a major source of US oil.

Unocal produced less than 500,000 barrels a day in the first quarter. I think we import 12,000,000 barrels a day. They are hardly a major source.