© 2022 MICHIGAN RADIO
91.7 Ann Arbor/Detroit 104.1 Grand Rapids 91.3 Port Huron 89.7 Lansing 91.1 Flint
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Lawmakers Alarmed by China's Bid for Unocal

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.

Copyright 2005 NPR