From The Washington Post, via A Glimpse of the World:
Some people fear the economic threat from China. Others fret about expensive oil. With the skill of an accomplished arsonist, China has now poured gas on the flames of these separate anxieties, turning two medium-size fires into a single inferno.
The arson takes the form of a bid by a largely state-owned Chinese oil company for California-based Unocal. Until Wednesday, Unocal was heading into the arms of Chevron, which had made a friendly takeover offer. But China National Offshore Oil Corp. is offering a premium for Unocal’s assets, triggering a fight over whether the federal government should block it on national security grounds.
This topic in the blogosphere, via Technorati.
