China's Quest for Energy and American Oil

Hosted by
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. Making News: Did President Bush's Message Change Public Opinion? Several investigations have confirmed that Saddam Saddam Hussein had nothing to do with September 11, but in last night's speech to bolster support for the war, President Bush made the connection several times. Steven Kull, who directs the Program on International Policy Attitudes at the University of Maryland, offers an explanation of why the President persists in making the Saddam-terror connection. Reporter's Notebook: Rudy Giuliani's Years as Mayor of New York Americans outside New York remember Rudolph Giuliani as the Mayor who held the city together after September 11, but that came at the end of his second term as a Republican leader in a Democratic city. One of his informal advisors was Fred Siegel, history professor at the Cooper Union and a senior fellow at the Progressive Policy Institute. He's also author of The Prince of the City: Giuliani, New York and the Genius of American Life.
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.
  • Making News: Did President Bush's Message Change Public Opinion?
    Several investigations have confirmed that Saddam Saddam Hussein had nothing to do with September 11, but in last night's speech to bolster support for the war, President Bush made the connection several times. Steven Kull, who directs the Program on International Policy Attitudes at the University of Maryland, offers an explanation of why the President persists in making the Saddam-terror connection.
  • Reporter's Notebook: Rudy Giuliani's Years as Mayor of New York
    Americans outside New York remember Rudolph Giuliani as the Mayor who held the city together after September 11, but that came at the end of his second term as a Republican leader in a Democratic city. One of his informal advisors was Fred Siegel, history professor at the Cooper Union and a senior fellow at the Progressive Policy Institute. He's also author of The Prince of the City: Giuliani, New York and the Genius of American Life.

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

Credits

Host:

Warren Olney