Saturday, June 03, 2006 3:13:18 PM
When they tried to buy UNOCAL they might have just as well tried to buy the Washington monument. By the tone of Mr. Wang's interview they realize their little faux pas ,there was a large mia culpa between the lines.
The Chinese are very smart people and won't let one little setback get in their way of being energy independent . They want to OWN the oil, as I said. they are very smart and have a history and philosophy that goes back millennia, they are keenly aware of what the USA did to Japan with the oil embargo against Japan that started WW II...... an embargo would not be possible if they OWN the oil,
At any rate, this is just all speculation, having said that I will also say that not only is this the most frustrating stock I have ever owned it is the most interesting......the ups and down, twists and turns, back stabbing, go for the jugular political intrigue, and student that may think a business major would be boring should read up on this company.
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