The "Straight Story" with Chris Farrell: Project Greenlight
It's time once again for economics editor Chris Farrell to help you sort out what's smart, what's stupid and what's the "Straight Story." A Chinese firm wants to buy UNOCAL, an American oil company. Chris greenlights the deal.
The top of the head-office building of the state-run energy firm China National Offshore Oil Corporation (CNOOC) is seen in Beijing, 23 June 2005. CNOOC announced a bid to buy US oil major Unocal for $18.5 billion in cash, trumping a rival offer by Chevron Corp, as it proposed a friendly merger, offering $67 a share for the California-based company in a deal that underlines China's drive to secure energy resources overseas to sustain its rapid economic growth. (Photo: AFP / (c) Getty Images)
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