Friday, October 19, 2007

Chevron Not on Bush's Banned List for Burma


According to the Treasury Department, Total SA and Chevron are free to continue providing hundreds of millions of dollars in financial support to the oppressive Burmese military regime. An exact figure isn't available yet, but the natural gas field cranks out 19.3 million cubic meters a day. Under standard production sharing agreement terms, how much should a seven year old production field return at that volume? My guess is wages in that country are pretty low, which means more money for the junta. So much for Human Energy...