[Alberta's Child]

But in this Unocal case, Chinese interests are attempting to buy a U.S. industrial legacy with oil and minerals in the ground in North America and overseas. There is a qualitative difference here, with long-term implications for U.S. national strategic interests.

Most of Unocal's energy reserves are located in Asia, so the notion that the company is somehow an "American" corporation is a little shaky to begin with. In addition, the Supreme Court's recent decision in the Kelo case renders any of their U.S. assets potentially worthless anyway -- since these assets could be taken from them in exchange for a "fair market value" that CNOOC has no control over.

[hedgetrimmer]

In what country did Unocal incorporate? From which country does Unocal receive the tax benefits of incorporation?