Friday, September 01, 2006

Chad president orders Chevron out


According to Reuters:

Chad ordered U.S. energy giant Chevron and Malaysia's Petronas on Saturday to leave the country within 24 hours for failing to honor tax obligations, in a move apparently motivated by a desire to earn more from its oil.

So, Chad has decided to nationalize parts of its oil industry. How long do you think it will take before they join the "evil" group? Venezuela must be looking forward to the company. I just figured I'd post this in case the fact that Chad has a corrupt government suddenly becomes a point of interest for our oh-so-benevolent leaders.

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