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To: Demidog
I have a difficulty parsing your #94, but this is what I think on the subject of oil companies. The oil company is a group of individual owners acting in concert. They had property -- the oil rigs and the rights to the oil therein -- that they put in Arabia with the Arab government's consent. When the Arab governments nationalized their oil industry, they took possession of these properties by force. Now, our government would be justified in taking the original oil rights back to the oil company owners; the only problem is passage of time that we allowed to elapse after the nationalization.
96 posted on 10/18/2001 8:46:39 AM PDT by annalex
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To: annalex
When the Arab governments nationalized their oil industry, they took possession of these properties by force. Now, our government would be justified in taking the original oil rights back to the oil company owners;

How so? Our government is not involved in the transaction and has no jurisdiction. That wouldn't be even remotely legal. Our government was not harmed either. Only the corporation. It is the corporation's responsibility to handle its affairs.

98 posted on 10/18/2001 8:51:23 AM PDT by Demidog
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