Wednesday, October 20, 2010

Lack of Trust in Government Inhibits Development

EIN News says, " Iraq Offers Up Three Gas Fields to Global Firms. Iraq auctioned off three major natural gas fields to international companies, part of its strategy to shake off a legacy of war and isolation by opening up the lucrative sector. (reuters.com)
Only five companies submitted bids for Iraq gas fields. Only one bid submitted for second-largest field on offer."

The reason for the low participation is clear. Drilling companies do not trust the government.

You may want to take the page from that book. When citizens and private companies do not trust government, including individuals in power, they will not cooperate.

That position has been arrived at not only in Iraq but also in the US. You must do something about it. The key word is "integrity".

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