All day long, people have been sending me Scott Ritter’s piece on war with Iran. Forget that. The war with China has already begun (culled from wire reports): China’s top offshore oil company has decided to launch a counterbid for California producer Unocal, challenging a takeover agreed by Chevron in April, according to reports late Wednesday. The dramatic move, which could be unveiled as early as today, would pit CNOOC Ltd., the listed arm of state China National Offshore Oil Corp., against the US major for control of a strategic American company, strong in the Caspian and Asia. The contest … Continue reading The Coming War?
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