Jeroen van der Veer, chief executive of Royal Dutch Shell, has warned that the increasingly nationalistic position of oil-rich countries and their redrawing of contracts is a "new reality" that international energy companies have to accept... [He] told the Financial Times: "The higher the oil and gas price is, the more national thinking you get. This is a new reality. In the end, governments are always the boss." (emphasis added)You silly Dutchman! Haven't you learned from our example? If the oil-rich countries try to get your oil company to pony up more for exploiting their natural resources, there is a simple solution... Invade them! Host governments may be "the boss," but you can always install a new boss more to your liking. Surely you can find a few thousand young Dutchmen you'd be willing to sacrifice to achieve those ends. Or maybe you guys should just stick to tulips and leave the exploitation to us.
Tuesday, May 16, 2006
From the Financial Times: