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Let's Make An Oil Deal: A Bush family friend may be undermining Iraqi peace.

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 04:46 PM
Original message
Let's Make An Oil Deal: A Bush family friend may be undermining Iraqi peace.
Edited on Sat Sep-22-07 05:19 PM by ProSense

Let's Make An Oil Deal

A Bush family friend may be undermining Iraqi peace.
Wildcatter: H.L. Hunt in front of his Dallas home in 1966

By Richard Wolffe and Gretel C. Kovach
Newsweek

Oct. 1, 2007 issue - Ray hunt isn't your typical Texas tycoon. Unlike other billionaire oilmen who hype their legends in the press, Hunt tries hard to keep his name out of the newspapers. The son of wildcatter H. L. Hunt, who lived his life in the spotlight, Ray Hunt rarely gives interviews and re-fuses to provide even mundane details about the workings of his private oil and real-estate ventures. He's given big sums to his alma mater, Southern Methodist University, in Dallas, but he will not allow his name to be affixed to any of the buildings his money helped pay for. Hunt's discretion may be one reason he has developed a close relationship with the Bush family, who greatly value privacy.

Hunt's money could also have something to do with it. Over the years, the oilman raised hundreds of thousands of dollars to elect both George W. Bush and his father. The son rewarded Hunt with a seat on the President's Foreign Intelligence Advisory Board, a panel of outside elders who oversee whether the commander in chief is getting good advice from the intel community. More recently Hunt has been especially generous about helping to plan—and pay for—Bush's postpresidential ambitions. He lobbied the president to build the Bush 43 presidential library at SMU—which is where Laura Bush studied—and since then he's given $35 million to the school to buy some of the land where part of the library complex could sit.

Hunt's generosity may help explain why the White House has been seemingly reluctant to question another of the oilman's projects—this one in Iraq. To the apparent surprise, and irritation, of officials in Washington and in Baghdad, Hunt Oil announced this month that, after secret negotiations, it had struck a deal with leaders in the country's Kurdish-controlled north to explore for oil in the Dahuk region near the Turkish border. News of the deal angered Iraqi Arab leaders, who saw it as a Kurdish power play for the country's oil resources, one that appeared to disrupt already fragile talks over a critical benchmark for peace: an agreement among the Sunni, Shiites and Kurds to share profits from the country's bountiful oil supply. The hope is that a national revenue-sharing law will help defuse tensions—and curtail violence—by getting the three groups to work toward a vital common goal. But the negotiations have stalled, largely because of a lack of trust. The Iraqi Oil minister denounced the Hunt agreement as illegal—though without a law in place it's hard to argue the Kurds have violated it. The Kurds refused to disclose the terms of the deal but insisted they will share the profits.

In the United States, word of the agreement inflamed Bush detractors, who accused the president of helping a big-time contributor line his pockets at the expense of Iraqi peace. White House officials say they had no knowledge of Hunt's negotiations, and did not help him. Hunt declined to comment, but Jeanne Phillips, a spokeswoman for the company, says it told no one about the negotiations. "We do not discuss potential business deals with the United States government," she says. After the agreement was made public, Phillips says, government officials called to ask for details, but even then the company refused. Kurdish officials also say they kept the negotiations secret from the United States.

more


Ray L. Hunt

"I knew nothing about the deal. I need to know exactly how it happened," Mr. Bush said at a White House news conference. "To the extent that it does undermine the ability for the government to come up with an oil revenue-sharing plan that unifies the country, obviously I'm – if it undermines that, I'm concerned."



Time to make this a law: Honest Leadership and Accountability in Contracting Act

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Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 04:53 PM
Response to Original message
1. So what's the fine line between privacy and secrecy?
I respect a person's privacy but I hate secrecy when it involves business dealings and the government. All of that should be out in the open and in the bright sunlight.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 04:57 PM
Response to Original message
2. Bush: "I knew nothing about the deal."
Something stinks!

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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 05:11 PM
Response to Reply #2
4. What? Bush lies?... NAAWWWWW... Can't be... /sarcasm/
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acmavm Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 06:37 PM
Response to Reply #4
10. Is that the famous magazine cover that I've been hearing about???
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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 06:59 PM
Response to Reply #10
11. Yeah, but I altered it from the original cover:


The Blackwater Inc. cold-blooded shootouts made me do it...
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superkia Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 05:11 PM
Response to Original message
3. Have the candidates all stood out against this yet? I hope so...
looks pretty fishy to me. I hope they have taken a stand against this type of political corruption, if not, why not?
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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 05:16 PM
Response to Reply #3
5. Dennis Kucinich did (to my knowledge).
Yes, DK, and... (?)

(?) = crickets?
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 05:22 PM
Response to Original message
6. Kick! n/t
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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 05:41 PM
Response to Original message
7. Monty, I'll take the oil that's behind border #2
You can have the stinking envelope that the lovely Carrol Maroll is holding.
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 05:47 PM
Response to Original message
8. No honor among thieves
Looks like Cousin Ray done gone and grabbed hisself a big ol' chunk of that Eye-racki ole. But don't worry, America; Bush is "concerned" if this shady deal knocks the legs out from under Bush's shady deal.
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mloutre Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-22-07 05:54 PM
Response to Original message
9. As soon as I first heard about this outside-the-Bush-box deal....
...my first thought was "All rightie, then, and this is where the wheels come off for good..."


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