A thoughtful compilation and analysis of some important, but underreported and under-researched news stories, with particular focus on keeping the People informed about all Enemies, Foreign and Domestic.
-----The 'Civil Flag' -- Forgotten Flag, or Flag of Fraud and Fiction?
-----Status of the 'Fair Tax Act of 2005' (H.R. 25; S 25)
Weights & Measures:
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Wednesday, August 03, 2005
The Tyrants of Beijing will not acquire Unocal Story
"Chinese energy company CNOOC Ltd. today pulled out of the running for Unocal Corp. after its $18.5-billion bid for the California oil company triggered a U.S. political backlash against China . . . CNOOC, whose parent is government-controlled China National Offshore Oil Corp., withdrew its offer one day after an influential shareholder advisory firm backed Chevron's proposal. Though CNOOC offered to pay $1 billion more than Chevron, Institutional Shareholder Services said the Chinese offer wasn't high enough to offset the political uncertainties surrounding its proposal."
This is a good thing. The United States is dependent on oil for energy. If the oil flow stops, our economy is dead. We cannot let a potentially hostile foreign power control our energy supply. Need I remind you that China is a tyrannical dictatorship with no respect for human rights and with imperialist designs on Taiwan, and some Japanese territory?
On a related matter, we need to develop domestic oil fields. Now. Not ten years from now -- now. At the same time, we need to divert tax funding to alternative energy research and implementation. I still like the idea of a Solar Energy Production Satellite. _____________________________________________
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."