Giant Russian oil merger collapses

[Ediacara]

Giant Russian oil merger collapses
Yukos deal would have created world's fourth-biggest producer

Compiled from wire reports

Saturday, November 29, 2003

MOSCOW -- A merger of two Russian companies that would have created the world's fourth-biggest oil company collapsed Friday, adding another chapter to the drama of the Yukos Oil Co.

Simon Kukes, the recently named CEO of Yukos, said the breakdown of a $35 billion deal with Sibneft caught him by surprise.

But a statement from Sibneft said the action was taken "in accordance with a mutual agreement reached by the shareholders of both companies."

More at the Austin American Statesman

[jmcgowanjm]

1. Peak Oil and Gas/ Putin plays Teddy Roosevelt

We may not have the luxury of waiting forty years
to see if the physical evidence advocates will
have made a difference in the way the world works.
Hell, we may not even have twenty. They are
absolutely free to pusue any course of action they
want and to listen - or not - to the people who
have walked down that road before and found it
unproductive. The fact is that the world is starting
to run out of hydrocarbon energy, right now. Wars,
famines, economic failure and plagues are upon
us today. The children of the Bull Market are dying
in Iraq and Afghanistan.

The truth is that the real story - the only story -- is
Peak Oil and Gas, and that 9/11 was its first visible manifestation.
I fight to expose Peak Oil in part by exposing 9/11
in a way that registers in the public consciousness.
That is my obligation to my readers and - as I see it -
to my fellow man.

http://fromthewilderness.com/free/ww3/112603_kennedy.html