US security enhanced as CNOOK Gives Up on Unocal

“CNOOC said in a statement it was reluctantly withdrawing its offer after considering increasing it, and would have done so were it not for the political environment in the United States.”

OKIE on the LAM™ – In LA brings us the story along with the little known truth that the Chinese government owns about “70% of CNOOK.”

The Center for Security Policy reminds us however that “China will continue to pursue its long-term campaign of economic warfare against, and strategic checkmating of, the United States.”

OKIE on the LAM™ – In LA has the story and background information in his China-Awakening Dragon section.

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