Oil wealth 'can cause corruption'

[emad]

BBC News


Oil wealth is often a breeding ground for corruption, according to the latest survey by anti-corruption campaign group Transparency International (TI).

The report estimates that billions of dollars are lost to bribery in public purchasing, citing the oil sector in many nations as a particular problem.

Bangladesh, Haiti, Nigeria, Burma, Azerbaijan, Paraguay and Chad were seen to be the most corrupt, said TI.

Finland, New Zealand, Denmark and Iceland were deemed the least corrupt.
More:
http://news.bbc.co.uk/1/hi/business/3758798.stm

Tell that to the BFEE.....

[The Backlash Cometh]

1. Imagine how much lower oil would cost if we could cut the bribery

overhead costs.

[Bread and Circus]

2. Many Arabs consider the oil to be a curse on their society and not..

a blessing.

[meow2u3]

3. CAN cause corruption?!

Attention BBC: Oil wealth does cause corruption. Look at the Bushes, the Cheneys, the Saudi royal family, and others, and you'll see that black gold turns people's souls black.

[emad]

4. Maybe corruption just focuses on hydrocarbons industry in the

same way that it focuses on precious metals in pre-industiralised times.

The Mafia has been a brainchild of the KGB since the start of the cold war and has infiltrated the very top of US and international politics. The Gelli, Lowy and Calvi families run the Bushes, the Bin Abdel Aziz al Sauds and all the other power hungry members of the P2 Lodge cabal.