Chesapeake, Encana face criminal antitrust charges in Michigan

Comments (9)
AlkalineState wrote:

I don’t buy it. Do you honestly think oil and gas companies would remain in business long if they were just out there breaking the law in criminal collusion rackets, screwing local landowners and customers?

Don’t answer that :)

Mar 05, 2014 6:28pm EST  --  Report as abuse
cheeze wrote:

Rest assured, not one is going to jail. They will get off the ol American way. “Throw money at the problem”.

Mar 05, 2014 7:06pm EST  --  Report as abuse
breezinthru wrote:

Shoplifting something with a value under $100 is a misdemeanor. How is that colluding to screw a lot of landowners out of millions or billions of dollars is a misdemeanor?

The article also mentions that individuals could pay fines or be incarcerated, corporations could pay up to a million dollars. It seems that the laws are written to be a lot harder on “individual” persons than it is on corporate “persons”.

Corporations that are found guilty of criminality should at least put their CEO’s up for incarceration. Fines are not an adequate deterrent against corporate bad behavior.

Mar 05, 2014 8:49pm EST  --  Report as abuse

Thank you Reuters.

I strongly believe that if it wasn’t for Reuters dogged investigative reporting on this subject over the past couple of years, no action would have been taken against these companies.

I look forward to the arraignment on March 19 and can only hope that the outcome sends a message to these companies and others that would ever contemplate taking advantage of Michigan or its people. Although I am highly doubtful!

wilson

Mar 05, 2014 9:11pm EST  --  Report as abuse
OneOfTheSheep wrote:

I can’t help but wonder how hard hands get slapped if these companies are found to be “angle drilling” over and under under property NOT leased from leased property, thus removing subsurface oil without negotiation or payment?

Mar 05, 2014 9:31pm EST  --  Report as abuse
Mott wrote:

Welcome move.

Get the banks, oil ‘n gas, big-pharma/medical, defense spend and social spend abuses under control, to help start paying down on debt accumulation to lighten the burden on next generation.

Mar 05, 2014 10:32pm EST  --  Report as abuse
sjfella wrote:

They also paid off numerous politicians and the EPA. Wake up sheeple.

Mar 06, 2014 12:29am EST  --  Report as abuse
BaiJiuUSA wrote:

Unless these companies and others like them…ahem, banks included…are prosecuted and punished, what good does even charging them with a crime do? settlements are an easy way out and allow the company to get off with far less negative public exposure as well as a smaller financial burden. these companies like this ‘play’ because what it really does is show them how to illegally maneuver better next time. NO settlements! put the board of directors in jail for increased sentences and make the companies forfeit all of their assets. Companies are not people.

Mar 06, 2014 12:32am EST  --  Report as abuse
QuietThinker wrote:

Unless CEOs and corporate officers go to jail instead of enjoying the bonuses they gave themselves for their criminal acts, corporate crimes will continue to increase in magnitude and number.

By the way we need to eliminate any statutes of limitation for crimes by CEOs and corporate officers of corporations when the cumulative dollar amounts of the crimes exceed some threshold, say $1 million. This is because of the difficulties inherent in such prosecutions.

Mar 07, 2014 9:36am EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.