The Sale of India : ONGC Disinvestment (Warren Buffet)

http://www.countercurrents.org/glo-ongc070304.htm

CPI (M) Polit Bureau Statement

A U.S. financier, Warren Buffet, who heads an Investment Company called
Berkshire Hathaway, is reported to have been the main buyer, through his
nominees of course, of the ONGC shares which were sold on March 5.
Buffet has close links with the oil interests in California, and is part
of the inner circle of the new California Governor, Arnold
Schwarzeneger, whose elevation to office was ensured through a massive
use of money-power that helped to ease out the duly-elected former
Governor, before the completion of his term, through an apparently
democratic referendum. Buffet and the coterie around the new California
Governor also have close links with the "military-industrial complex"
(to use President Eisenhower's term) and with Right-wing and fascist
elements.

American oil interests have of late been trying to capture the world's
oil resources. The occupation of Iraq, the incursions into Central Asia,
the attempt to topple Hugo Chavez, and even the plans to redraw the
geographical boudaries of Saudi Arabia are all part of this global
effort. It is sad that the Indian government is voluntarily surrendering
the fate of our country to these global sharks by giving them control
over our own oil resources. It is even sadder that the Disinvestment
Minister actually expresses glee over the "oversubscription" of ONGC
shares when this is just a fall-out of the take-over of our oil
resources by American oil-interests.

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