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03/27/2011 07:35 PM ID: 88495 Permalink   

US Oil Companies Paid Fine for Pan Am 103 for Gadaffi

 

Upon learning his country was going to be fined $1.5 billion for the downing of Pan Am Flight 103, Muammar el-Qaddafi handed the bill to 15 different oil companies doing business inside Libya and told them to pay up or get out.

Some refused on moral grounds but others, including several US based companies, ponyed up the cash to keep the oil revenues rolling and agreed to the extortion payments, kicking morality from the car as nothing more than the cost of doing business.

According to the US State Department, “Libya is a kleptocracy in which the regime — either the al-Qadhafi family itself or its close political allies — has a direct stake in anything worth buying, selling or owning.”

 
  Source: www.nytimes.com  
    WebReporter: Valkyrie123 Show Calling Card      
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  5 Comments
  
  @ story  
 
They will pay a dictator who blows up airlines but they don´t pay taxes to their own country. Further proof there is no morality when it comes to money
 
  by: justaperson     03/27/2011 07:47 PM     
  @justaperson  
 
I have to disagree though not strenuously. There is no morality when it comes to *corporations*. Corporations are almost by definition soulless.

When we willingly give our money to other people who need it more than we do that is a moral thing to do. And it´s common enough occurrence for there to be a name for it. Charity.

 
  by: VermiciousG     03/27/2011 10:16 PM     
  The Best Governments Money Can Buy  
 
Look at Governor Haley Barbour´s apology to BP for the devastating oil spill in the Golf.

Governments bought and sold.

a few of 5 million dollars in donations to Governor Barbour:
• $1,000,000 from David Koch, $25,000 from Koch Industries
• $625,000 from Exxon Mobil
• Over $150,000 from Chevron
• $50,000 from Shell
• $25,000 from Conoco Phillips

http://climateprogress.org/...

Guess which party just declined taking away Billions of dollars in subsidies from the poor oil companies while screaming about deficit reduction.
My guess is we don´t want to piss Koch brothers off to much, after all they did pay for their republican congress. They do deserve their corporate welfare.

Another way to look at this is that the money from the subsidies just paid the fine for Pan Am 103 for Gadaffi. This should make Haley Barbour feel better.
 
  by: ichi     03/27/2011 10:19 PM     
  talk about pointing the finger  
 
they just fined him to make an excuse for the invasion .. the minute the results came back from the oil expedition companies 2 yrs ago, it´s been of interest.

[ edited by key2000 ]
 
  by: key2000     03/28/2011 03:18 AM     
  Well,  
 
the oil companies planned on dividing up all the oil in Iraq after the US invasion; I wonder if they now have plans for Libya´s oil, since their Iraq plans fell through.
 
  by: Lurker     03/28/2011 10:21 PM     
 
 
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