Big Business can't get away with destruction and abuse without the consent of the local governments in every nation! Corporations that have a history of environmental abuse continue to get away with their crimes because leaders in those countries ALLOW THEM too!!! Why don't any of you global warming nutbags hold the country's leaders accountable for their complicity? And I want to make clear that not all corporations are criminals either!
The Communist Chinese regime owns their energy companies. China's communist government supports every rogue nation that is ruled by military regimes (ie; Myanmar, Sudan, Iran, Venezuela, etc). How do they support these nations you ask? By using their veto power when the UN wants to place sanctions on these nations and in exchange China buys their NATURAL RESOURCES very cheap without caring who or what is ABUSED and destroyed! So they are also supporting these military regimes financially and keeping them in power! Oh and by the way, Russia does the same exact thing. Although, not on the same scale as China.
Sure Unocal that was bought out by Chevron in 2005 has a history of not giving a damn who or what gets abused in other countries. Nevertheless, it must be made clear once again that a company like Chevron is allowed to get away with their crimes in other countries because the government officials in those countries are COMPLICIT!
"China National Offshore Oil Corporation's bid for Unocal has FORCED Chevron into a takeover battle against its largest trading partner."
"China National Offshore Oil Corporation's bid for Unocal has FORCED Chevron into a takeover battle against its largest trading partner."
So with that being said, I would like to set the record straight right here and now... America is NOT a communist nor a socialist nation, therefore America DOES NOT OWN ANY energy companies (ie; Chevron/Halliburton) as ALL the radical environmentalist and socialist utopian nutbags would have everybody believe! But almost every other nation does!!! So I want you to ask yourself why do they keep blaming America? I really want you to think this through. Oh and yeah we Americans consume... but guess what? That's what humans do and have done so since the beginning of time!!! But back then humanity bartered in exchange for goods and services. I just want you to be able to see the nonsense they are trying to spoonfeed people around the world.
*****************************************************************
The New York Times
written by Jad Mouawad and David Barboza
July 5, 2005
The last thing Chevron wanted when it made its $16.8 billion offer for Unocal back in April was to be pitted in a takeover battle against the Chinese government.
After all, one of the main reasons it went after Unocal, a California-based independent oil company with vast resources in Asia, was to sell oil and gas to the fastest-growing energy market in the world, China. But on June 22, when the state-controlled China National Offshore Oil Corporation, or Cnooc, countered with a higher bid for Unocal, Chevron found itself in a delicate position.
Since then, Chevron's managers have gone into overdrive to portray the Chinese government-backed offer as unfair competition and to close their deal as quickly as possible. They have received support from many lawmakers in Washington, who have painted the Chinese offer as a threat to America's national security.
Now, Chevron must walk a fine line between fending off Cnooc's $18.5 billion bid for Unocal and the risk of alienating Cnooc, its largest partner in China. There, for example, the two companies have teamed up in a $35 billion agreement to ship liquefied natural gas over the next 25 years from several huge Australian fields where Chevron has part ownership to some of Cnooc's terminals in China. But now, the partners appear to be on a collision course.
Much is at stake for Chevron and its cautious chief executive, David J. O'Reilly. Since 2000, Chevron's oil production has declined every year, and the company has had trouble replacing the reserves it pumps out of the ground. On Wall Street, its share price trails its peers.
With a Unocal deal, Chevron, the second-largest American oil company after Exxon Mobil, hopes to reverse both trends. Mr. O'Reilly estimates the takeover would increase Chevron's proven reserves by 15 percent, to 13 billion barrels of oil equivalent, and expand its oil and gas production to 3 million barrels a day, up from about 2.5 million barrels a day in 2004. Chevron has said that it expected the merged company to grow by 6 percent a year from 2005 to 2009.
"Chevron wants it badly because they don't have near-term production growth," said Jay Saunders, an oil analyst at Deutsche Bank. "The fact they had to do this offer is a reflection of Chevron's challenges that its rivals don't have."
Chevron and Cnooc are now locked in a race against time - and a potentially costly bidding war - before Unocal shareholders vote on the Chevron offer on Aug. 10.
Please click HERE to read the entire article...
No comments:
Post a Comment