David Armstrong: Lawmakers try to block China’s bid for Unocal
From the San Francisco Chronicle:
China’s third-largest oil company has run into roadblocks in both houses of Congress over its bid to buy California’s Unocal Corp., a controversial quest that has raised national security fears.
Sen. Byron Dorgan, D-N.D., introduced a bill in the Senate on Friday that would bar the Chinese National Offshore Oil Co. from buying Unocal, of El Segundo (Los Angeles County).
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