The bid by the China National Offshore Oil Corporation (CNOOC) to acquire the U.S. energy company Unocal for $18.5 billion raised many issues with U.S. policymakers. This report provides an overview and analysis of the CNOOC bid, U.S. interests, implications for U.S. energy security, U.S. investment in the PRC’s (People’s Republic of China’s) oil industry, the process for reviewing the security and other implications of foreign investment in the United States, Congressional activity, and a listing of unresolved issues.

The National Museum of the Pacific War presents an oral interview with Al Stevens. He graduated from Michigan State University in 1943 as a metallurgical engineer. He enlisted in the Navy in 1944 in Detroit, Michigan. He attended the Navy Electronics School at Harvard University as well as a specialized radar training program organized by MIT at the Harbor Building in Boston, Massachusetts. He received further training in radar countermeasures at Ocracoke Island, North Carolina. He served on the USS Wasatch (ACG-9). When the ship was anchored, he was assigned to deliver orders and mail. He describes the Operation Olympic portion of the plan to invade Japan. He was part of the force that occupied Wakanoura and Nagoya, Japan. He shares an anecdote about obtaining a Japanese sword as a souvenir in Nagoya. In North China he participated in the repatriation of the Japanese, Chinese, and Koreans. He wrote a book, ?Up Close and Personal,? about his World War II experiences.

The National Museum of the Pacific War presents an oral interview with Al Stevens. He graduated from Michigan State University in 1943 as a metallurgical engineer. He enlisted in the Navy in 1944 in Detroit, Michigan. He attended the Navy Electronics School at Harvard University as well as a specialized radar training program organized by MIT at the Harbor Building in Boston, Massachusetts. He received further training in radar countermeasures at Ocracoke Island, North Carolina. He served on the USS Wasatch (ACG-9). When the ship was anchored, he was assigned to deliver orders and mail. He describes the Operation Olympic portion of the plan to invade Japan. He was part of the force that occupied Wakanoura and Nagoya, Japan. He shares an anecdote about obtaining a Japanese sword as a souvenir in Nagoya. In North China he participated in the repatriation of the Japanese, Chinese, and Koreans. He wrote a book, ?Up Close and Personal,? about his World War II experiences.

After the terrorist attacks on September 11, 2001, the United States faced a challenge in enlisting the full support of the People's Republic of China (PRC) in counterterrorism. This effort raised short-term policy issues about how to elicit cooperation and how to address China's concerns about military action (Operation Enduring Freedom). Longer-term questions have concerned whether counterterrorism has strategically transformed bilateral relations and whether China's support has been valuable and not obtained at the expense of other U.S. interests.

After the terrorist attacks on September 11, 2001, the United States faced a challenge in enlisting the full support of the People’s Republic of China (PRC) in counterterrorism. This effort raised short-term policy issues about how to elicit cooperation and how to address China’s concerns about military action (Operation Enduring Freedom). Longer-term questions have concerned whether counterterrorism has strategically transformed bilateral relations and whether China’s support has been valuable and not obtained at the expense of other U.S. interests.

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