Thread: Tom Tancredo comments about China's expansion over OIL

Just a little off subject,

http://tancredo.house.gov/pressers/0706 ... Script.htm
from Tom Tancredo's website http://tancredo.house.gov/

0706UnocalChinaScript

In yet another example of what is a growing and alarming trend, China is offering $18.5 billion in a bid to gobble up Unocal, an American energy company.

At a time when Americans are faced with rising energy costs -- and China is threatening freedom in Taiwan and elsewhere -- this is the wrong sale at the wrong time.

And this isn’t just a bad deal for America’s economy -- it’s a bad deal for America’s security.

If the takeover of Unocal is approved, the Chinese government could gain a stake in oil terminals that feed into our nation's Strategic Petroleum Reserve.

Now that just doesn’t make sense.

By itself, this takeover may seem small– but a few more deals like this one, and America could find itself held hostage not just to the energy brokers in the Middle East – but to China as well.

Sure it does, sellouts are the coolest thing now-a-days. Instead of taking pride in your comany, giving Americans a sence of pride, and a source of income, they just want to sellout and make a quick buck, through it all in a swiss account and move to Tahiti.