OTCPK:TLSMF - Post by User
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Copainon Dec 02, 2008 9:36pm
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Post# 15624015
Since 1991 : 2,600 Mergers !
Since 1991 : 2,600 Mergers !Since 1991, government regulators, under the direct and heavy influence of the nation’s largest oil companies and their lawyers, have allowed more than 2,600 mergers to take place in the U.S. oil industry. The mergers have resulted in the near demise of the independent oil company, refiner, and gas station in the United States.
The mergers of the mega-giant oil companies have all taken place since 1999 and remain the largest mergers in corporate history. Exxon merged with Mobil, Chevron with Texaco, Conoco with Phillips, and BP with Amoco and then Arco to create the largest corporations the world has ever seen. Shell also participated in the merger wave by purchasing several “baby-Standard” oil companies.