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January 29, 2006

HarryTho 1/29 Natalee Holloway Commentary

Topics: Natalee Holloway

Following up on last Friday's editorial, I want to delve a little further into this oil exploration notion. First, let me set a foundation for what will follow. The White House has heavy oil industry background.

Vice President Dick Cheney:

Dick Cheney Biography - WHITEHOUSE.ORG

Richard Cheney

"From 1995 until 2000, Cheney served as CEO of Halliburton Co., a Texas construction and engineering outfit that services oil companies. He left the company to head the vice presidential selection committee. The group vetted several possibilities, but he himself emerged as Bush's top choice.

Cheney has become as one of the most hands-on vice presidents in history. He has weekly one-to-one lunches with the president, is a key foreign-policy advisor, and has taken charge of the president's energy policy, which calls for exploring wider use of nuclear power and fossil fuels, as well as increasing oil drilling."

Secretary of State Condoleezza Rice:

Condoleezza Rice

May 2001 - Oil tanker Condoleezza Rice renamed to Altair Voyager. Chevron's Fred Gorell: "We made the change to eliminate unnecessary attention caused by the vessel's original name." This was likely done at the behest of the Bush Administration, but nobody is saying anything. Multinational Monitor.

Critics Knock Naming Oil Tanker Condoleezza

A picture of big oil is worth a 1000 words:


Have Dick Cheney and Condoleezza Rice ever worked together? Yes, Dick Cheney was CEO of Halliburton when Condoleezza Rice was a Director of Chevron.

It is clear that the US has gained the upper hand over the world's energy masters. Many politicians now in Bush's administration were involved in strengthening the position of US business in the Caspian region. Condoleezza Rice, the president's national security advisor, was a director at Chevron. Incidentally, Rice now has a Chevron tanker named after her. Vice-President Dick Cheney was a founder, and remains a major shareholder, of Halliburton, which is a leading supplier of services to oil workers in the Caspian.

The future of the oil industry in the Caspian region looks very bright indeed. Proven hydrocarbon reserves in the region amount to 7.8 billion barrels. By 2010 the region will be producing 3.8 million barrels of oil a day, which is roughly 60% of the North Sea's current, but declining output. By the same year the Caspian will be producing more oil than Norway or Brazil and experts believe that its proven oil reserves will be 1.5-2 times higher than those of the Gulf of Mexico.

Chevron - Spotlight: Caspian Sea - some 6 to 9 billion barrels of recoverable oil.


Is President Bush involved in this oil conglomerate?

Backing the Caspian plan is none other than US Vice-President Dick Cheney, who, as CEO of Halliburton, was successful in winning contracts from Caspian Sea states to be part of any future development. In 1994 Cheney helped broker a deal between US Oil giant Chevron and the state of Kazakhstan when he sat on the Oil Advisory Board of that Central Asian state.

The Bush family has close connections to the Washington-based Carlyle Group, a $ 14 billion private equity firm that has parlayed a roster of former top-level government officials, largely from the Reagan and Bush Senior administrations, into a money-making machine.

On the board of directors for Carlyle is former President George Bush. James A. Baker III.

Rumsfeld was the roommate of Frank C. Carlucci at Yale. Carlucci, who was Secretary of Defence under President Ronald Reagan, is currently chairman of the Carlyle Group. The current President Bush was a director of a firm called Caterair during the years 1990-94, before a group of Texas oil barons put him up as their candidate for governor of the state. Caterair is owned by the Carlyle Group.

George W. Bush's own business interests were once tied to Saudi financiers. In 1979, Bush's first business, Arbusto Energy, obtained financing from James Bath, a Houstonian and close family friend. One of many investors, Bath gave Bush $ 50,000 for a 5 per cent stake in Arbusto. At that time, Bath was the sole US business representative for Salem bin Laden, head of the wealthy Saudi Arabian family and a brother (one of 17) to Osama bin Laden.

The Carlyle Group is one of the world's largest private equity firms, with more than $34.9 billion under management.

Big Bush's (Sr.) Visit Fuels Talk of Big Deals - Independent Media TV

You name it and market players were buzzing Thursday about the real reasons behind the former American leader's visit -- an $18 billion play by U.S. oil giant ChevronTexaco for a blocking stake in the new Yukos-Sibneft combo? The launch of a $500 million private tie-up between Alfa Group and Pentagon-connected Carlyle Group? Divvying up the hydrocarbon resources of postwar Iraq?

The buzz continued Thursday as news spread that Bush was also here to help finalize the creation of a $500 million private equity fund between Russian oil-to-telecoms giant Alfa and one of his present employers, the Carlyle Group, a defense industry insider that counts former U.S. Secretary of State James Baker and former British Prime Minister John Major among its advisers.

Yukos shares jumped more than 4 percent on the news in early trading Thursday.

"This rumor is based on Bush's visit. He is probably going to discuss the acquisition of a stake in YukosSibneft by a major U.S. oil company," a prominent investment banker said.

He said the rumor is that Yukos' sale of a strategic stake to Chevron would be announced at the St. Petersburg summit.

But neither Yukos nor ChevronTexaco would comment on what both companies called "market speculation."

However, other investment bankers were very specific, saying the price for the deal had already been agreed -- a staggering $18.6 billion for 25 percent plus one share, half in cash and half in ChevronTexaco stock, which would be a huge premium over the combined market value of the companies.

Executives from both Chevron and Exxon have been in Moscow for months conducting due diligence studies on Yukos and Sibneft. One market insider said "they are only here because the other one is here."

Clearly, we have a tripartite-connection amongst Chevron, Halliburton and the Carlyle Group. Given the concentration of their activities into the oil resource industry, it is not hard to envision Hushang Ansary as a sort of Middle East missionary spreading the good word about the tripartite coalition.

What does all this have to do with Aruba and the Netherlands Antilles? Here is a link to a oil fact sheet for the Caribbean area:

Recently, a 30-year, oil exploration concession has been awarded by Suriname to Occidental Oil.

Venezuela has nationalized 32 oil fields, including those belonging to Chevron. Venezuela national oil compnay now controls the product from those oil fields and not American companies.

Latin Petroleum Analytics

Colombian oil representatives met with President George W. Bush and brokered a deal to rehabilitate their oil fields. Additionally, some 87 percent of Colombia remains unexplored for oil and natural gas.

Latin Petroleum Analytics

Lastly, Chevron is active in Aruba.

What I have been able to deduce is that given the giant oil deposits in four fields: Tomoporo, Franquera, Tiajuana and Langunillas, around Maracaibo, it seems highly probably that the large oil deposits may exist under the seabed around Aruba. The Maracaibo area supplies 4% of the world's oil. The world has some 450 billion barrels of proven oil reserves. At the current, world consumption rate of 22 Billion barrels per year, we have 45 years left of oil. However, the experts estimate that there exists another 800 billion barrels in unproven oil reserves. Apparently, there is a an industry frenzy to find these resources and control them.

Now, on the surface and in connection with any shenanigans that may have befallen Natalee Holloway, I believe it is unlikely that any of those names in the foregoing had any complicity. Hushang Ansary can be added to the list.

However, the fact that the State Department dragged their feet in assisting the Arubans with their investigation which led to the horrendous media degradation and humiliation of Aruba and her system of government, as well an adverse effect on her tourism industry, I believe I can sense a reason for some reluctance on the part of those mentioned above to rectify the situation. Succinctly, it could be that the parties mentioned above decided to ride a good thing and take advantage of the situation.

The recent announcement in the Aruban parliament, just a few days ago, of the creation of the Aruban Oil Company, designed to act as a bureaucratic institution in awarding oil and natural gas exploration licenses to, at current, seven secret companies, seems to confirm my suspicions.

Posted for HarryTho

Posted by Richard at January 29, 2006 10:11 PM

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