Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: hummingbird
One thing to remember about multinational oil companies is that they are multinational. Every country has laws effecting these companies and the US has more than most. Environmental, labor, excise (mining) and property laws, shipping and transportation laws are a contradictory patchwork of laws designed to subordinate the interests of the owners of the multinational oil companies' interests to those of the states'. I would argue that the US congress is no more qualified to manage an oil company than they are to manage education. Further, if political groups in the US or elsewhere are willing to be bribed then management of companies should do so when it benefits the interests of their shareholders.

Neither companies or individuals have a moral obligation to support a state who's laws are created to, in large part, advance the political careers of a few well placed individuals and promote the acquisition of wealth by the state or its political parties.

268 posted on 10/11/2004 11:37:47 AM PDT by PretzeLogic (Those who run from the facts only find the truth by accidentally stumbling into it .)
[ Post Reply | Private Reply | To 266 | View Replies ]


To: PretzeLogic
You are more than right that "every country has laws effecting these companies." "...US congress is no more qualified to manage an oil company than they are to manage education..." OR themselves. (tax laws, social security, etc.) But, oil and gas is big, big, big in Africa, the Middle East and Russia on greasing skids to "get-r-done." I laugh every time I see a MSM article or hear something on TV and everyone is "shocked, shocked, shocked" about a US company involved in "bribes" with O & G producing countries. It isn't called "bribes" in the O & G world but it amounts to the same thing. Money changes hands and if you want to play ball, you pay back door, from the lowest bureaucrat to the highest level. I can't give you specifics because I don't have any; I just know that it happens. <8^\

It's like the gambling in Casablanca at Rick's Place....
269 posted on 10/11/2004 11:54:11 AM PDT by hummingbird ("If it wasn't for the insomnia, I could have gotten some sleep!")
[ Post Reply | Private Reply | To 268 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson