The proposed purchase of Unocal by the Chinese national oil company was opposed by the U.S.__________.

Question

Quizplus · Accepted Answer

The proposed purchase of a US company by a foreign national oil company was seen as a threat to the United States' sovereignty, especially when the foreign company was owned by the Chinese government. The acquisition of vital energy resources by a foreign government or its companies was a matter of national security as it raised concerns about the potential for supply disruptions, cyberattacks, or diversion of such resources to the foreign country's military or strategic purposes, compromising the US economy and security interests. The US government opposed the deal on grounds of national security, fearing that the Chinese could use Unocal's resources to advance their strategic agenda at the US's expense.

The Proposed Purchase of Unocal by the Chinese National Oil