posted on May, 21 2008 @ 11:07 PM
Arrested Oil Tycoon Passed Shares To Banker Rothschild
The Washington Times
LONDON (Agence France-Presse) - Control of Mikhail Khodorkovsky's shares inthe Russian oil giant Yukos have passed to renowned banker Jacob
Rothschild, under a deal they concluded prior to Mr. Khodorkovsky's arrest, the Sunday Times reported.
Voting rights to the sharespassed to Mr. Rothschild, 67, under a 'previously unknown arrangement' designed to take effect in the event that Mr.
Khodorkovsky could no longer 'act as a beneficiary' of the shares, it said.
Mr. Khodorkovsky, 40, whom Russian authorities arrested at gunpoint andjailed pending further investigation last week, was said by the Sunday Times to
have made the arrangement with Mr. Rothschild when he realized he was facing arrest.
Mr. Rothschild now controls the voting rights on a stake in Yukos worth almost$13.5 billion, the newspaper said in a dispatch from Moscow.
Mr. Khodorkovsky owns 4 percent of Yukos directly and 22 percent through a trust of which he is the sole beneficiary, according to Russian analysts.
From the figures reported in the Sunday Times, it appeared Mr. Rothschild had received control of all Mr. Khodorkovsky's shares.
The two have known each other for years 'through their mutual love of the arts' and their positions as directors of the Open Russia Foundation,
Yukos' philanthropic branch, it said.
Russian authorities Thursday froze billions of dollars of shares held byMr. Khodorkovsky and his top lieutenants in Yukos - throwing control of the
country's largest oil company into limbo and causing frenzied selling on financial markets.
Russian prosecutors said owners of the shares are still entitled to dividends and retain voting rights, but can no longer sell their stakes.
They said the freeze was necessary as collateral for the $1 billion that Mr. Khodorkovsky and his associates are accused of misappropriating during
Mr. Rothschild is the British head of Europe's wealthy and influential Rothschild family, and runs his own investment empire.
There are two main theories for the origin of oil. The one taught in schools is that oil comes from lots of dead dinosaurs, forests, etc - all
suddenly destroyed and preserved in a way so as to lead to the formation of 'petroleum' products. This theory has the inherent assumption of a
finite amount of the stuff.
The other theory is the abiotic theory, which suggests that 'petroleum' products are formed continuously as the result of microorganisms under
specific conditions, such as temperature, pressure, chemical composition of surrounding strata etc etc. This theory inherently assumes that oil etc
is being formed continuously - albeit at a 'slow' rate.
It is therefore interesting to note Russia's seeming abundance of oil discoveries over the last decade or so. Word has it that Russia embraced the
'renegade' abiotic oil theory (heck, some of the main proponents are Russian scientists anyway), went looking at the places where oil should exist
according to the abiotic oil theory, and stuck paydirt. The results speak for themselves - Russia is petro-self sufficient and finding more
everywhere they look.
It is in the interests of the energy monopolies to keep this information out of the public - after all - we wouldn't want other nations finding
replenishable oil fields - would we?