Biodiesel Deal
Tuesday March 6, 2007 // Share on Facebook
I read about this Biodiesel deal this morning, and immediately thought of the Great American Streetcar Scandal in which “General Motors, Firestone Tire, Standard Oil of California and Phillips Petroleum [formed the] National City Lines (NCL) holding company, which acquired most streetcar systems throughout the United States, dismantled them, and replaced them with buses in the early 20th Century”.
I’d like to think this won’t happen again, but with Bush in the White House, I wouldn’t be surprised if AgriFuel Co. is a front for Exxon Mobile & friends. I can’t seem to find anything about this company, other than the fact that they buy up other Biodiesel companies (they bought another yesterday, too). And Metalico is buying AgriFuel, which makes me wonder why AgriFuel is doing any acquisitions now. However, Metalico is publicly traded (MEA), so at least the SEC is watching over them.
This entry was posted on Tuesday, March 6th, 2007 at 9:38 am and is filed under Business, Energy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
