Monday, April 04, 2005

Foreign Oil? Worse, Local Oil

MSNBC.COM -- ChevronTexaco (2) announces plans to by Unocal (9). Good. We need more oil in the hands of a smaller group of people. It's not like entertainment or new media or banking or any other business where you can start something new tomorrow and build up a new empire, this is pretty much set. We know where the oil is and everybody already owns it. This will allow even fewer to control it.
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