China's Quest for Energy and American Oil

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Last year, a company based on mainland China took over the IBM's personal computer business. Another Chinese company wants to buy Maytag. Now, a company owned by the Chinese government, wants to pay $18.5 billion for the American oil company Unocal. That's almost $2 billion more than Chevron has offered, and it's raised concerns on Capitol Hill and elsewhere about a possible threat to America's energy security. China wants to become a player in a world oil market now controlled by the US. Should the Bush Administration try to stop CNOOC's Unocal purchase? Would that force China into troubling alliances with oil producers like Sudan, Iran and Venezuela? What about Taiwan and North Korea? We hear from energy experts, political scientists, and former State, Defense and Interior Department officials from the Clinton, Reagan and Ford administrations.
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President Bush address to nation on Iraq, War on Terror

Gallup Poll on public skepticism of ultimate success of US efforts in Iraq

CNOOC on Unocal offer

Unocal on CNOOC offer

Chevron on Unocal transaction

Haier's $1.2 billion offer to Maytag, Bloomberg News on

Lenovo to acquire IBM

Mallaby's article on China's latest threat

World Trade Organization (WTO)

New York Mayor Rudolph Giuliani



Warren Olney