(Excerpted from Chapter 9: The Texas Oil Mafia: Big Oil & Their Bankers…)
In 1985 Drexel Lambert S&L crook Michael Milken helped Houston Natural Gas merged with Internorth to create Enron. Kenneth Lay headed Houston Natural Gas and became chairman and CEO of the new company. Enron was the biggest corporate contributor to George W. Bush’s campaign to become Texas Governor. [1]
(Part two of a three-part series excerpted from Chapter 8: Project Frankenstein: Afhanistan: Big Oil & Their Bankers…)
In the mid-1980’s the UN tried to broker a peace deal in Afghanistan involving a complete Soviet withdrawal in return for an end to US and Gulf Cooperation Council (GCC) support for the Afghan rebels. The Reagan Administration refused the UN deal. It wanted to “give the Soviets their Vietnam” as part of a grander scheme to rip apart the Soviet Union. It also wanted the socialist Karmal government out of Kabul. In 1986 US military aid to the mujahadeen increased dramatically to $1 billion/year. Read the rest of this entry »
Exxon Mobil reported a 91% jump in 2nd quarter profits, while Chevron Texaco saw profits triple due to “higher energy prices”. But the military half of the industrial complex had a terrible week. A US audit revealed that the Pentagon is unable to account for more than $9 billion in Iraqi Treasury money they received to pay for “reconstruction” contracts. Bechtel? Halliburton? Little Dick Cheney? Read the rest of this entry »
