The noose tightens

[Mega]

http://www.telegraph.co.uk/finance/n...-a-barrel.html

Mike

[Starving Steve]

Re: The noose tightens

I don't like nationalism in any form, including resource nationalism. If Chevron has made the effort and risked the capital to develop a resource in the middle of no-where, and if Chevron has lived-up to its side of a contract with a sovereign nation, then Chevron and its share-holders deserve to profit from this risk-taking and effort.

And no, I do not hold even one share of Chevron Oil.

I don't like sovereign nations changing the rule of law, at will, just because they can do so. If that is how nations play the game, then I wouldn't commit one cent of money to developing a resource within their jurisdiction. Let them take the risk and make the effort, alone, and nothing would be produced for anyone.

[Fiat Currency]

Re: The noose tightens

...I don't like sovereign nations changing the rule of law, at will, just because they can do so. If that is how nations play the game, then I wouldn't commit one cent of money to developing a resource within their jurisdiction. Let them take the risk and make the effort, alone, and nothing would be produced for anyone.

Then I hope you include Canada & the USA on your list. After all - they only screwed the first priority bond holders of GM, illegally gave a portion of the company to the Union, and payed for it all with newly printed money backed by our future labour.

I never thought I would live to see the day that the "free world" would engage in such overt malfeasance.

[Starving Steve]

Re: The noose tightens

Then I hope you include Canada & the USA on your list. After all - they only screwed the first priority bond holders of GM, illegally gave a portion of the company to the Union, and payed for it all with newly printed money backed by our future labour.

I never thought I would live to see the day that the "free world" would engage in such overt malfeasance.

Thank you for this information. Interesting and troubling.