A reader sent me this comment on my piece about CNOOC and Unocal: I share many of your views….and would probably expand on another. In my opinion, if gov’t interferes in the deal, its actions represent taking under the 5th amendment. Just compensation to Unocal investors is currently the market price indicated by CNOOC’s bid. Gov’t should be forced to bear the cost of its interference in the free market or get out altogether. Isn’t it hypocritical for a country that supposedly advocates free trade discourages it by stepping in on deals such as this? I’d never thought of preventing … Continue reading Truly a Federal Taking