Monday, April 24, 2006


George Bush, learning the basics of international economics at Harvard Graduate School of Business, circa 1973

In June of 2001, Vice President Cheney met secretly with an "energy task force", including lobbyists from Enron and other energy companies to create a national strategy. No representatives of consumers were permitted to attend. Reportedly the Vice President and other members of the Project for a New American Century devised a plan to divide up Iraq's oil production-- months before the 9-11-01 attacks, and almost two years before the invasion of Iraq.

President Bush welcomed Saudi Crown Prince Abdullah bin Abdul Aziz to his ranch in Crawford, Texas

Since 1990, Republicans have garnered more than $100 million in contributions from the oil and gas industries- and now control the Presidency, both houses of Congress, and the Supreme Court

Georgia's gasoline prices have skyrocketed from less than $1.25 a gallon before Gulf War II started in March of 2003 to over $3.00 a gallon for premium. The White House's first name for the War was "Operation Iraqi Liberation" which they hastily changed when they realized its acronym was "O.I.L."

Meanwhile, President Bush has continued the Bush family's VERY close ties with the House of Saud

Recently retired Exxon Mobil CEO Lee Raymond received $686 million in compensation; last year he generated a world record $36.1 billion in profits for his company, more than $10.7 billion in the fourth quarter alone, when the aftermath of Hurricane Katrina drove prices up over $3.00 a gallon.

Exxon Mobil Corporation stock dipped as low as $30 in the Fall of 2002; stock prices have risen steadily and have gone up over 100% since the March 2003 invasion of Iraq destabilized oil production.

When President Bush leaves office in January of 2009, the Saudis will undoubtedly pay him millions to give speeches in grateful thanks for energy policies which in five short years have more than tripled the value of the oil under the sands of Saudi Arabia.


Anonymous Anonymous said...

this is good, I enjoy reading Finkelstein's column and he nailed Bush for his energy policy failures. you have to wonder if the high gas prices are Bush's intent because his people benefit from the rising price of oil.

7:03 PM  

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