If you don't like us, you have a choice. In the meantime, a major Democratic contributor is up to his ears in the oil for food scandal. You can imagine the play this would get if he were a Republican.
NEWSWEEK: Democrat Donor received $22 million in "Oil for Food" Scandal
msnbc.msn.com
If the name of a "Big Money" Political Party Donor with ties to Enron was discovered on the rolls of Saddam's Coalition of the Bribed, what do you think would happen to the Candidate of that Party?
What if that Candidate of that Party was John Kerry?
Newsweek drops a bombshell on the Kerry Campaign: Texas Oil Baron and Big-Time Democrat Donor Oscar Wyatt has received perhaps as much a $22 million dollars in profits through oil allocations bought illicitly from Saddam Hussein.
From MSNBC: United Nations: Oil-for-Food Fiasco?"
Law-enforcement sources say Americans who participated in alleged oil-for-food scams also may face further investigation. The CIA deleted from Duelfer's report names of Saddam's U.S. oil-for-food favorites. But an uncensored copy of the Duelfer report obtained by NEWSWEEK indicates Houston oil mogul Oscar Wyatt got oil allocations from Saddam which could have earned him and Coastal Corp.—a company he founded and ran until 2000—profits of more than $22 million. Wyatt and wife Lynn are major donors to political causes: since 1989 they have given nearly $700,000 in contributions, of which more than $500,000 went to Democrats. Wyatt told NEWSWEEK that his company did buy oil from Saddam but that he never did so personally, and that his company's dealings all complied with U.N. rules.
—Mark Hosenball and Steve Tuttle
Who is Oscar Wyatt? More than just a oil man, he's an outspoken critic of both Gulf Wars, and a big time Democratic Party Donor...
As per Houston's Clear Thinkers:
The 10-K also disclosed that one of El Paso's units has been subpoenaed by a grand jury from the U.S. District Court for the Southern District of New York to produce records regarding the United Nations' Oil for Food Program governing sales of Iraqi oil. The unit, El Paso CGP Company, was formerly Coastal Corp., which the company acquired in January 2001. The former chairman of Coastal -- Oscar Wyatt -- was an unabashed critic of Operation Desert Storm in the first Persian Gulf War and has been a vocal public critic of El Paso's management over the past several years.
Wyatt was not just one of many on the list; according to the Houston Chronicle, Wyatt received the "lion's share" of the oil allocations:
The largest of the allocations went to Wyatt, who the list said had received allocations totaling 74 million barrels. At the profit rates of 15 cents to 85 cents per barrel that were reported in the arms inspector's study, he could have earned $23 million.
According to this same report by the Houston Chronicle, this was no accident; Wyatt was no simple businessman looking for a "deal". Instead, Wyatt was a personal friend, public supporter and political ally of Saddam Hussein - even when the United States was at war with Hussein.
The proceeds may have been used by Saddam to pay for purchases of arms in violation of the U.N. sanctions, the report says.
Wyatt, who did not respond to messages seeking comment, was by far the largest recipient of oil allocations.
Wyatt has had a long relationship with Saddam, dating back to before the Gulf War when his company Coastal Corp. was a major buyer of Iraqi oil. He won fame in 1991 by taking his company's plane to Iraq to pick up American citizens being held hostage during the run up to the war.
He also did business with the Libyan leader, Col. Moammar Gadhafi. In 2000, Coastal Corp. merged with El Paso Corp. Wyatt is still a large shareholder in El Paso, but he is not an executive with the company, which last month received the subpoena related to the Iraqi oil deals.
Wyatt Announced in March 1997 that he would retire and begin lobbying in Washington to lift sanctions against Iraq and Libya.
Wyatt appears to have used his ill-gotten gains wisely - buying the leftovers of Enron.
According to New Age Business:
Enron said that the company and the Official Unsecured Creditor's Committee decided the CCE offer was best. Enron previously had said NuCoastal LLC, a company run by Texas billionaire and Coastal Corp. founder Oscar Wyatt Jr. had offered $2.2 billion in May.
So how does this affect Kerry? Well, perhaps we should couch it in terms even the Old Press can understand:
Big Oil, bribed by Saddam Hussein, helped pay for John Kerry's campaign. Money used to buy Hussein's army's guns helped pay for John Kerry's campaign. Guns used to kill American Soldiers helped pay for John Kerry's campaign...
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