SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: steve dietrich who wrote (180308)1/19/2006 1:25:45 PM
From: Hawkmoon  Respond to of 281500
 
I'm sure if any of the other 22 bidders had bid a higher price, we'd know about it!

Seems to make sense on the surface, but as I recall the controversy some years back, related to suggestions that since none of the quotes were officially revealed, OXY's quote somehow managed to exceed the other bidders (ie: inside knowledge of competing bids). I do recall there was some comment shenanigans being involved.

I believe there was some real controversy about Tony Cohelo's involvement in the sale, via his being a director on ICF Kaiser's board (they were hired to perform the environmental impact statement) and that it was passed so quickly. This was especially strange since it was the largest government privatization in the nation's history.

Either way.. the fact that Gore stood to benefit substantially from OXY's purchase of Elk Hills reflects that abuse of power exists on all sides of the political fence.

Hawk