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Gold/Mining/Energy : coastal caribbean (cco@) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Frederick who wrote (1205)	12/28/1999 2:16:00 PM
From: SnakeInATuxedo	Read Replies (1) \| Respond to of 4686

When the quiche-eating, tree-hugging, tofu-munching hypocrites get tired of paying $3 a gallon to fill their 9 MPG SUVs, dawn will break and drill bits will begin to turn.

To: Tom Frederick who wrote (1205)	12/28/1999 5:36:00 PM
From: Edwin S. Fujinaka	Read Replies (2) \| Respond to of 4686

The financial advantage for the State was intended to refer to not paying "just compensation". Clearly the State is in line to receive royalties on any oil produced as well as taxes that are generated by the increased economic activity. The State has always had the option to just take the leases under their power of eminent domain at any time. The State's strategy was to try to bankrupt this tiny Company (CCO) through a war of attrition. Everyone has always known that CCO had a valid contract and now the courts have reaffirmed it. What manner of people are these who attempt to use the power of the State to try to take a legal property right because they think they can get away with it. It has involved the typical lying to the public that politicians are famous for. They have tried to demonize the Company (and have largely suceeded). The Courts are not as willing to accept the State's bull pucky as willingly as the public. In the end, CCO will prevail in Court and we could be treated to the State pleading for mercy because they can't afford to pay. If the idiots at the State let it go that far, then they deserve to suffer the consequences. What a political bomb a multi billion dollar Court ruling would create. I'm still hoping for a fair and amicable settlement, but if Jeb Bush utters one more unfair attack on CCO then I would argue for playing hardball all the way to the end.