Last year Khodorkovsky used much of Yukos' oil production as collateral for a loan he used to take over another big Russian oil company, Eastern Oil.
During the 1930s, a Dallas company known as the General American Finance System, struggling through the Great Depression, began to finance drilling operations in the state using oil reserves as collateral.
Innovation and intangible assets must become as attractive as collateral as bricks and mortar.
(Chalabi has also suggested that Iraq could contribute to the United States' Strategic Petroleum Reserve, which is stored underground in salt caverns along the Gulf of Mexico, and then use the oil it contributes as collateral to borrow money from the American government).
During the early 1960s, a shady investor named Tino De Angelis ran a scam where ships containing salad oil were used as collateral for loans provided by American Express.
In 1995 Potanin used his ministerial connections to create an arrangement whereby Russian banks would make loans to the struggling Russian government, which would put up its mining, oil, and telecommunications holdings as collateral.
The oil in the tanks served as collateral for loans to Allied Crude that were guaranteed by the American Express unit.
We finance this proposal by using money in the Bottles and Beverages fund as collateral, and then implement an oil severance tax that every other oil producing state requires oil companies to pay, and we delay corporate tax breaks that were negotiated in a secret backroom deal last year.
Would Hometown Energy take the title as collateral for some heating oil?
