A Level-headed Voice On CNOOC/Unocal....

Fu Chengyu chairman and CEO of CNOOC opines on CNOOC's bid for Unocal in a well balanced well written op-ed. For those that are interested, you can read it here.

If what he says is true, then hopefully US Congress will see the wisdom as Mr. Fu spells out. However, if Chinese authorities continue to rant, as I wrote about in an earlier post today, then it won't happen. The Chinese authorities are among CNOOC's worst enemies on this transaction. Hopefully they will shut up and let the process take its natural course.