Sunday, 6 March 2016

ASSASSINATION #TRIXDEPT STRIKE AGAIN #OIL


Oklahoma City, OK — Aubrey McClendon, former chief executive of Chesapeake Energy Corporation, died in a fiery car crash on Wednesday — the day after being indicted on federal antitrust charges.

McClendon was known as either a pioneer of the U.S. shale oil industry boom — or derided as the King of Fracking — depending on whom you ask. But, Tuesday’s indictment was not the first time he’d had trouble with the law concerning his enormously profitable business practices.

McClendon had issued a statement prior to his death, reported by Zero Hedge, in which he vowed to fight the charges:
“The charge that has been filed against me today is wrong and unprecedented. I have been singled out as the only person in the oil and gas industry in over 110 years since the Sherman Act became law to have been accused of this crime in relation to joint bidding on leasehold. Anyone who knows me, my business record and the industry in which I have worked for 35 years, knows that I could not be guilty of violating any antitrust laws. All my life I have worked to create jobs in Oklahoma, grow its economy, and to provide abundant and affordable energy to all Americans. I am proud of my track record in this industry, and I will fight to prove my innocence and to clear my name.”
The Wall Street Journal explained that in the bid-rigging scheme, Chesapeake, and an unnamed company allegedly colluded to decide ahead of time which would ‘win’ bids to purchase valuable land. After a ‘successful’ bid by one company, the other “would receive a share of what was purchased for whatever it had paid.” This is similar actions which led to a $25 million settlement between Chesapeake and the State of Michigan last year.

Read more at 


Sources
  • http://thefreethoughtproject.com/big-oil-ceo-killed-car-crash-24-hours-federally-indicted

Latest Top Stories -->> http://www.occupythebanks.com 

No comments :

Post a Comment

Only members (obviously) can comment; no moderation; direct to page.

Note: only a member of this blog may post a comment.

Popular Posts - All Time