Go here and Click the Occidental Links under Opinion.
watman.com
Here's the first one...
What Bush Energy Cartel? Gore is the one who had a special alliance with Occidental Oil. And we're now paying the price for his mismanagement and payoff for political favors.
Article...Elk Hills Sale Made Al Gore's Occidental Petroleum Stock Values Skyrocket
Elk Hills Sale Made Al Gore's Occidental Petroleum Stock Values Skyrocket
Update on Sale of Elk Hills Naval Petroleum Reserve to Occidental Petroleum
Many of you have shown not only a great deal of interest in how Occidental Petroleum, in which Al Gore and his family have considerable stock, managed to acquire the Elk Hills Naval Petroleum Reserve's 44,000 acres of proven oil field but have helped track down key elements of the puzzle.
Thanks to Brian, we now have answers for those who wanted to know exactly WHO in the Department of Energy handled the transfer, go to a report on the Department of Energy's website: Elk Hills Signed Over to Occidental Petroleum fe.doe.gov
For other information on how this occurred, go to pages 732 of the 841 page bill: HR 1530, National Defense Authorization Act for Fiscal Year 1996'. (http://www.originalsources.com/OS9-00HL/9-29-2000.1.html) HR 1530- Elk Hills Naval Petroleum Reserves Legislation That bill provided the authorization of Congress for the sale of the property. I have requested the information on the bidding process and the other bidders on the property. I was told that the Department of Energy accepted the "highest bid." I am looking for proof that there was proper bidding, which is, of course, hard to prove. Letting the favored bidder know what he needs to bid to win is not uncommon.
The sale of Elk Hills, for $3.67 billion, which Al Gore has taken credit for in his "reinventing government" role, sold proven oil fields at about $28,000 an acre. In California, the cost of an ordinary building lot to build a house will cost about double that amount per acre. What a windfall for Al Gore's friends at Occidental! And, of course, what a windfall for Al Gore who will benefit for the rest of his life because of the sharp increase in the value of the stock given to his father, Al Gore, Sr., by the owner of Occidental Petroleum, Armand Hammar.
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