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Lawmakers Alarmed by China's Bid for Unocal

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Lawmakers Alarmed by China's Bid for Unocal

Business

Lawmakers Alarmed by China's Bid for Unocal

Lawmakers Alarmed by China's Bid for Unocal

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  • <iframe src="https://www.npr.org/player/embed/4716825/4716826" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The takeover bid by China's third largest oil company for Unocal is evidence of the country's voracious appetite for energy. The $18.5 billion offer is likely to spark a bidding war with Chevron. Some U.S. lawmakers are outraged at the thought of a Chinese company taking over a U.S. oil and gas firm.

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