MARSHALL ISLANDS: Mobil uses 'blackmail tactics'

Wednesday, July 20, 2005 - 10:00

Mobil Oil Micronesia, the sole fuel supplier in Majuro, has been accused of trying to blackmail the local utility company to agree to unreasonable profit margins for Mobil. A diesel supply contract expired late last year, and negotiations for a new contract between ExxonMobil subsidiary Mobil Oil Micronesia and the Marshalls Energy Co. have been unsuccessful, with the MEC refusing to agree to a new deal that would amount to a 600% increase in Mobil's profit margins. MEC was told in June that prices will rise and it will now have to pay millions of dollars in advance of diesel shipments.

From Green Left Weekly, July 20, 2005.

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From GLW issue 634

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In these days of growing media concentration, Green Left Weekly is a proudly independent voice committed to human and civil rights, global peace and environmental sustainability, democracy and equality. By printing the news and ideas the mainstream media won't, Green Left Weekly exposes the lies and distortions of the power brokers and helps us to better understand the world around us.

Green Left Weekly, launched in 1990 by progressive activists to present the views excluded by the big business media, is now Australia's leading source of local, national and international news, analysis, and discussion and debate to strengthen the anti-capitalist movements.