[Eva]

These aren't the only companies to come under fire for involvement in the PetroChina Sudan interests. In March of 2000, one month before the BP takeover of ARCO was to be completed, based on the price of BP stock on the day the takeover was completed, PetroChina released an illegal IPO, partially intended to retire their debt in the Sudan. BP made a big show of suppporting this IPO, triggering a widely publicized protest and a percipitous drop in the price of BP stock, making the takeover of ARCO a bargain basement sale. BP withdrew their support of the IPO, after the takeover was complete.

[wideawake]

Warren Buffett: disgusting scumbag masquerading as American hero.

And spare me the: "he's a great investor" rhetoric.

He's not a great investor. Benjamin Graham was. He is a lackluster student of Graham.

His primary skill is not investing: it's public relations.

[denydenydeny]

Mr. Buffett points out that only PetroChina's parent company, China National Petroleum Company (CNPC), operates in Sudan. Since subsidiaries generally do not have control over parent company operations, Mr. Buffett argues that targeting PetroChina for CNPC's transgressions is misguided.

As I recall, the sanctions movement against South Africa would not allow corporations to get away with this little maneuver. Nor should we.

[Eva]

bump

[LoneRangerMassachusetts]

Until Americans break this link, Islam will continue its murder.

We need a lion heart for a leader, not a frat boy securing his inheritance.