Wednesday, June 29, 2016

As vice pres nonetheless........


You see, it all started in 1986 when George H.W. Bush, then Vice President, and on his own volition (in this I know I’m right) flew off to Saudi Arabia to convince King Fahd and his entourage to revitalize OPEC in order to raise the price of oil. Oil prices were low and the economy of Texas was hurting. So to help Texas the whole world was going to pay more for oil. And the Saudis, until then not knowing what the world’s reaction would be if they started to constrain supply, happily jumped on board knowing they had the implied support of the U.S. Government cheering them along.

George W. Bush clearly understood from the get go, in the footsteps of his father, that his administration together with Halliburton-Cheney would do all it could to support ever higher oil prices and profits. And so it came to pass.

-Immediately after the invasion of Iraq all was done by the administration to push
Iraq back into the arms of OPEC.

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