Will Bush Administration Let Oil Companies Skate On Money Paid To African Dictator?

Exxon Mobil is quietly commemorating the largest operating profit in U.S. 11.7 billion during the second quarter. 25 million fine for effectively assisting Obiang and his family stash cash in accounts in Washington. For this time the Securities and Exchange Commission (SEC) launched a probe of the oil companies, with particular scrutiny of Exxon, Marathon, and Amerada Hess.

1 million to Sonavi, a private security firm going by Armengol Ondo Nguema, Obiang’s sibling, and the country’s security main. 2 million for office and building leases. About a quarter of it was paid to Obiang’s 14-year-old son. 1 million in dividend obligations from the two projects between 2002 and 2003 by itself.

One would think that the SEC would be able to make some headway with this assist from the Senate. At least, some creative accounting is needed to show why some of these deals, especially the joint purchases with Obiang, do not constitute thinly disguised obligations to the dictator. Yet four years later it’s hard to identify any movement on the case.

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The SEC “can’t touch upon ongoing investigations,” a Commission official told my colleague Sebastian Jones, though he didn’t make clear if in fact there were any ongoing investigations related to the case. ” The lawyer said that he hadn’t noticed anything about the analysis recently, which suggested to him that it was much longer ongoing no, though he had not been certain of this. If it has fallen the analysis, the Commission should at least acknowledge that and explain why. Or simply the SEC is simply sitting on the case and hoping nobody notices that it’s doing nothing at all?

Meanwhile, digital business invention is enabled by the usage of essential Telecom infrastructure. The web combines thousands of open public and private systems from around the world, which jointly are the key basis for the Global Networked Economy. And since its inception in 1984, more than 4.7 petabytes of internet process (IP) data traffic have previously flowed across it. According to the Visual Networking Index (VNI) by Cisco, exponential growth will continue. Where will that data traffic come from?

All folks, our electronic devices and the way the internet is utilized by us. By 2022, 60 percent of the global populace shall be internet users. More than 28 billion cable connections and devices will be online. And, video content shall constitute 82 percent of all IP data traffic. Jonathan Davidson, senior vice president at Cisco Systems.

According to the latest Cisco assessment, global service providers are centered on transforming their systems to better take care of and course online data traffic, while providing premium encounters. Cisco’s VNI talks about the impact that users, devices, and other trends will have on global IP networks over a five-year period. By 2022, the busiest hour of internet traffic will be six times more active than the common.

There will be 4.8 billion internet surfers by 2022. That’s from 3 up.4 billion in 2017 or 45 percent of the world’s population. By 2022, you will see 28.5 billion sets and mobile personal connections and devices, from 18 billion in 2017-or 3 up.6 networked devices/connections per person, from 2.4 per person.