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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (150401)6/3/2001 3:54:00 PM
From: greenspirit  Respond to of 769667
 
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.

reagan.com



To: American Spirit who wrote (150401)6/3/2001 3:58:44 PM
From: greenspirit  Read Replies (1) | Respond to of 769667
 
Article...Gore's Occidental Petroleum Reports Skyrocketing Profits...

Thursday October 19, 2000; 4:12 PM EDT
newsmax.com

Occidental Petroleum, in which Vice President Al Gore's mother Pauline owns between $500,000 and $1 million in stock, has seen its profits go through the roof since the energy crisis hit the United States earlier this year.

The company reported that its earnings had "more than tripled during the third quarter," reported Thursday's Wall Street Journal, "boosted by higher oil and gas prices and increased production during the period."

"Net income for the quarter was $402 million, or $1.09 a diluted share," the paper said, "up from $126 million, or 35 cents a share, a year earlier."

Occidental earned $690 million finding, producing and selling oil and gas in the quarter, up from $279 million," reported Bloomberg News.

In more good news for investors like Mrs. Gore, Occidental reported a revenue increase of 80 percent, from $2.11 billion to $3.81 billion.

The Gore family has a long association with Occidental and its late chairman, Armand Hammer. During his time representing Tennessee in the the U.S. Senate, Gore's father championed the company's interests so enthusiastically, he was nicknamed "the Senator from Occidental."

After Albert Gore Sr. was defeated for re-election in 1970, Hammer paid him a six-figure salary to serve as chairman of the company's Island Creek coal operation. Occidental still operates a zinc mine on the Gore family farm in Carthage, Tenn.
>
In 1998, the Clinton-Gore administration allowed Occidental to purchase the Elk Hills strategic oil reserve in Bakersfield, Calif., one of the largest oil and gas fields in the U.S.



To: American Spirit who wrote (150401)6/3/2001 4:14:38 PM
From: Thomas A Watson  Respond to of 769667
 
Dear spirie, are you the vacant liberal mind technology retard on duty this week.???
you say >>>> dismantling all alternative energy and conservation programs

What companies and what programs???

Do you have any data or information on any alternative energy that can provide energy at a cost less than several times the cost of the same amount of energy with present methods.??? With the same 24x7 reliability???

>>>>>Not name-calling just telling it like it is.

I call it just showing what an idiot your are. Or maybe what a generic lying sack of feces you are spreading lies and insulting the integrity of our President.

you all have a nice day now see.

tom watson tosiwmee



To: American Spirit who wrote (150401)6/3/2001 4:35:30 PM
From: Neeka  Respond to of 769667
 
Would you please post any link, news article, periodical or otherwise that proves your assertions? Or are you just living in the past and spreading out-used, out-dated rumor? I haven't seen any evidence to validate your claims. What programs has President Bush dismantled? What de-regulation bills has he presented to, and had passed through congress? Especially one with democratic control?

M

......Did the exact thing same Reagan's bunch did when they came into power, dismantling all alternative energy and conservation programs and de-regulating polluters, but even more so this time as the Oil Patch and Coal Industry has their office right in the Oval Office...............



To: American Spirit who wrote (150401)6/3/2001 5:18:13 PM
From: jlallen  Respond to of 769667
 
Just like they did in the Reagan years??? (prices staying high)

JLA