{"id":3724,"date":"2005-07-06T11:37:21","date_gmt":"2005-07-06T18:37:21","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2005\/07\/06\/james-surowiecki-all-the-oil-in-china\/"},"modified":"2005-07-06T11:37:21","modified_gmt":"2005-07-06T18:37:21","slug":"james-surowiecki-all-the-oil-in-china","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2005\/07\/james-surowiecki-all-the-oil-in-china\/","title":{"rendered":"James Surowiecki: All the oil in China?"},"content":{"rendered":"<p>\nFrom The New Yorker, <a href=\"http:\/\/www.howardwfrench.com\/archives\/2005\/07\/06\/all_the_oil_in_china\/\">via A Glimpse of the World:<\/a>\n<\/p>\n<blockquote><p>\nWhen the <a href=\"http:\/\/www.7621.tradebig.com\/\">China National Offshore Oil Corporation<\/a>, or cnooc, made an $18.5-billion bid for the American oil company Unocal two weeks ago, topping a previous offer of $16.5 billion from Chevron, a political storm was inevitable. The Chinese government owns seventy per cent of cnooc (pronounced &#8220;see-nook&#8221;), and, for many in Washington, China is a natural enemy in the making. Representative <a href=\"http:\/\/en.wikipedia.org\/wiki\/Joe_Barton\">Joe Barton<\/a> said that the deal &#8220;poses a clear threat to the energy and national security of the United States.&#8221; Representative <a href=\"http:\/\/en.wikipedia.org\/wiki\/Richard_Pombo\">Richard Pombo<\/a> prophesied &#8220;disastrous consequences.&#8221; A host of congressmen argued that <a href=\"http:\/\/en.wikipedia.org\/wiki\/Committee_on_Foreign_Investment_in_the_United_States\">the Committee on Foreign Investments<\/a>&#8220;a government body that vets corporate acquisitions by foreign companies with an eye toward national security&#8221;should investigate the deal.\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From The New Yorker, via A Glimpse of the World: When the China National Offshore Oil Corporation, or cnooc, made an $18.5-billion bid for the American oil company Unocal two weeks ago, topping a previous offer of $16.5 billion from Chevron, a political storm was inevitable. The Chinese government owns seventy per cent of cnooc [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116],"tags":[262,6346],"class_list":["post-3724","post","type-post","status-publish","format-standard","hentry","category-world","tag-oil","tag-unocal","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>James Surowiecki: All the oil in China?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2005\/07\/james-surowiecki-all-the-oil-in-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"James Surowiecki: All the oil in China?\" \/>\n<meta property=\"og:description\" content=\"From The New Yorker, via A Glimpse of the World: When the China National Offshore Oil Corporation, or cnooc, made an $18.5-billion bid for the American oil company Unocal two weeks ago, topping a previous offer of $16.5 billion from Chevron, a political storm was inevitable. The Chinese government owns seventy per cent of cnooc [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2005\/07\/james-surowiecki-all-the-oil-in-china\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2005-07-06T18:37:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Xiao Qiang\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Xiao Qiang\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2005\/07\/james-surowiecki-all-the-oil-in-china\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2005\/07\/james-surowiecki-all-the-oil-in-china\/\"},\"author\":{\"name\":\"Xiao Qiang\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7d71c527e3f4a4239ced8e932a64f8d4\"},\"headline\":\"James Surowiecki: All the oil in China?\",\"datePublished\":\"2005-07-06T18:37:21+00:00\",\"dateModified\":\"2005-07-06T18:37:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2005\/07\/james-surowiecki-all-the-oil-in-china\/\"},\"wordCount\":134,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"oil\",\"Unocal\"],\"articleSection\":[\"China &amp; 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