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<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Yet even before armed conflict drove the U.S. companies out of Libya this year, their relations with Gaddafi had soured. The Libyan leader demanded tough contract terms. He sought big bonus payments up front. Moreover, upset that he was not getting more U.S. government respect and recognition for his earlier concessions, he pressured the oil companies to influence U.S. policies.
In late February 2008, Mulva (ConocoPhillips chief executive) was “summoned to Sirte for a half-hour ‘browbeating’ from Gaddafi", according to a U.S. State Department cable made available by WikiLeaks. Gaddafi “threatened to dramatically reduce Libya’s oil production and/or expel U.S. oil and gas companies,” the cable said.
See the entire story in the Washington Post <span style="text-decoration: underline">here</span>.</div></div>
Reminds me of Michael Manley and the bauxite companies....at least no bombs were dropped at 89 Old Hope Road...but it the die was cast in other ways anyway.
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Caribbean island nation of Jamaica is small and poor—but it also is the source of 60% of the bauxite that U.S. companies use to make aluminum. That gives it power that under the leadership of Prime Minister Michael Manley, it is starting to use. Last week, after three months of futile resistance, the companies coughed up the first $39 million due under Manley's plan to multiply eightfold the taxes and royalties on bauxite mined out of the Jamaican earth. The payments presage substantial price increases in the U.S. on aluminum products...
Though the companies are paying, they protest: Alcoa, Kaiser Aluminum and Reynolds Metals have announced their intention to take their case to the International Center for Settlement of Investment Disputes, a branch of the World Bank. <span style="color: #FF0000"><span style="font-size: 8pt"><span style="font-style: italic">(they actually took their case to the CIA)</span></span></span>
See the rest of the story in Time Magazine <span style="text-decoration: underline">here</span></div></div>.
In late February 2008, Mulva (ConocoPhillips chief executive) was “summoned to Sirte for a half-hour ‘browbeating’ from Gaddafi", according to a U.S. State Department cable made available by WikiLeaks. Gaddafi “threatened to dramatically reduce Libya’s oil production and/or expel U.S. oil and gas companies,” the cable said.
See the entire story in the Washington Post <span style="text-decoration: underline">here</span>.</div></div>
Reminds me of Michael Manley and the bauxite companies....at least no bombs were dropped at 89 Old Hope Road...but it the die was cast in other ways anyway.
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The Caribbean island nation of Jamaica is small and poor—but it also is the source of 60% of the bauxite that U.S. companies use to make aluminum. That gives it power that under the leadership of Prime Minister Michael Manley, it is starting to use. Last week, after three months of futile resistance, the companies coughed up the first $39 million due under Manley's plan to multiply eightfold the taxes and royalties on bauxite mined out of the Jamaican earth. The payments presage substantial price increases in the U.S. on aluminum products...
Though the companies are paying, they protest: Alcoa, Kaiser Aluminum and Reynolds Metals have announced their intention to take their case to the International Center for Settlement of Investment Disputes, a branch of the World Bank. <span style="color: #FF0000"><span style="font-size: 8pt"><span style="font-style: italic">(they actually took their case to the CIA)</span></span></span>
See the rest of the story in Time Magazine <span style="text-decoration: underline">here</span></div></div>.
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