China To Purchase The US Navy's Only Nuclear Fuel Provider?

Equilibrium · 04-20-2009, 22:24 PM

Quote:

If the rumors are true, PetroChina, a Chinese “Government Controlled Entity” (pdf), is on the verge of buying McDermott International, a company that, as I understand things, is the U.S. Navy’s sole provider of nuclear fuel and nuclear fuel assemblies.

McDermott, a Panama “based” corporate tax-avoider, also manages the U.S. Strategic Petroleum Reserve. (along with a lot of other critical national defense infrastructure).

http://blog.usni.org/?p=2352

I wonder if we'll see legislative protests similar to Dubai Ports, LTD's attempted purchase of a US port and the CNOCC's purchase of a US oil company a couple of years ago?

biteasaur · 04-21-2009, 10:27 AM

i bet that wont happen.

Dreadnought · 04-21-2009, 10:59 AM

Doubt its going to happen either. National Security interests and numerous arguments over bail outs and the ofcoarse there is Gates.

xinhui · 04-22-2009, 11:56 AM

When Haier wanted to buy a US refrigerator maker back in 2006, all hell broke lose. Also, same thing happened to 76 when it was on sell.

04-21-2009, 10:27 AM	#2 (permalink)
biteasaur Patron Join Date: 10-23-08 Location: backwoods of arkansas Posts: 195 Country:	.. i bet that wont happen.

04-21-2009, 10:59 AM	#3 (permalink)
Dreadnought *Defense Professional* Join Date: 05-12-05 Posts: 10,647 Country:	Doubt its going to happen either. National Security interests and numerous arguments over bail outs and the ofcoarse there is Gates. __________________ Fortitude.....The strength to persist...The courage to endure.

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04-22-2009, 11:56 AM	#4 (permalink)
xinhui Forum Moderator Lei Feng Protege *Defense Professional* Join Date: 05-17-06 Posts: 4,408 Country:	When Haier wanted to buy a US refrigerator maker back in 2006, all hell broke lose. Also, same thing happened to 76 when it was on sell.

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