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How Bush Pushed Up Oil Prices
No newspaper has run the headline, “Bush to American drivers: drop dead!” It’s the biggest press failure since WMD. In fact Bush could easily cut oil prices in half. EXCLUSIVE to subscribers in our latest newsletter Michael Hudson lays out in detail exactly how the Great Oil Price scam works, and who’s benefitting. In 2003 he was on Don Rumsfeld’s bench urging war. Now he’s reinvented himself, yet again. Alexander Cockburn on the twists and turns of a pet intellectual of the Establishment, Fareed Zakaria. Copper, cobalt and zinc and villainy in the Congo: Colette Braeckman gives CounterPunchers the latest chapter in “the race for Africa”. Get your copy today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and gear make great presents.
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Today's Stories July 17, 2008 James G. Abourezk July 16, 2008 Jeffrey St. Clair Paul Craig Roberts Conn Hallinan Dave Lindorff William S. Lind Christopher Brauchli Website of the Day
July 15, 2008 Michael Hudson Brian Cloughley Patrick Cockburn John Ross Howard Lisnoff Website of the Day July 14, 2008 Uri Avnery Paul Craig Roberts Trish Schuh Patrick Cockburn Mike Whitney Alan Farago Seth Sandronsky Phyllis Pollack Website of the Day July 12 / 13, 2008 Alexander Cockburn Jeffrey St. Clair James Abourezk Nicole Colson Stan Cox Ismael Hossein-Zadeh Wajahat Ali / John Stauber Alan Farago Missy Beattie Robert Fantina Rannie Amiri Gregory Kafoury Fran Shor Martha Rosenberg David Macaray Andrew Wimmer Ron Jacobs Farzana Versey Kim Nicolini Poets' Basement Website of the Weekend July 11, 2008 Kevin Alexander Gray Sasan Fayazmanesh Peter Morici Mike Whitney Manuel Garcia, Jr. Robert Weissman Ramzy Baroud Kelly Overton Adrian Burgos Website of the Day July 10, 2008 Brian McKenna Paul Craig Roberts Saul Landau Ron Jacobs Joshua Frank Peter Morici Alan Maass Robert Weissman William Blum Alan Farago Website of the Day July 9, 2008 Ismael Hossein-Zadeh Luis Rodriguez Sheldon Richman Fatemeh Keshavarz Chad Hanson Sen. Russ Feingold Niranjan Ramakrishnan Dave Lindorff Stanley Heller Philip Rizk Website of the Day July 8, 2008 Nikolas Kozloff Laura Carlsen Mike Whitney Andy Worthington Patrick Irelan Chellis Glendinning David Macaray Dave Lindorff John Chuckman Phillip Doe Website of the Day July 7, 2008 Patrick Bond Kathy Kelly Andy Worthington Clifton Ross Elizabeth Schulte Ralph Nader Dave Lindorff Binoy Kampmark Stephen Fleischman Website of the Day July 5 / 6, 2008 Alexander Cockburn Jeffrey St. Clair / Patrick Cockburn Mike Whitney Robert Fantina Binoy Kampmark Rannie Amiri Eric Ruder Brian Cloughley William Blum Frank Barat Christopher Brauchli David Yearsley Ron Jacobs Karim Makdisi Wendy Thompson / N.D. Jayaprakash Ramzy Baroud Kelly Overton Richard Neville Poets' Basement Website of the Weekend
July 4, 2008 Kathy Kelly Dave Lindorff Paul Krassner Jackie Corr Laray Polk Dan Bacher Walter Brasch Charles Modiano Website of the Day July 3, 2008 Sharon Smith Andy Worthington Laura Carlsen Peter Morici Ramzi Kysia Martha Rosenberg Anne Landman Dave Zirin Kristin Bricker Website of the Day
July 2, 2008 Patrick Irelan Vijay Prashad Brian Cloughley Ralph Nader Robert Fantina Dave Lindorff Parvez Ahmed Robert Bryce Website of the Day July 1, 2008 Alexander Cockburn Mike Whitney Douglas Macgregor Steven Higgs Andy Worthington Binoy Kampmark Dave Lindorff Roger Burbach Richard W. Behan Gary Leupp Website of the Day |
July 17, 2008 Bush Crony's $10 Oil Refinery Seeks U.S. Government Guarantees Big Oil's Raid on the Great PlainsBy JAMES G. ABOUREZK Full disclosure: I am the attorney for one of the groups in opposition to the oil refinery proposed by Hyperion Resources in Union County, South Dakota. Like Dr. Stockmann in Henrik Ibsen’s play, An Enemy of the People, Ed Cable, a construction consultant living in Union County, South Dakota, is trying to warn the residents of the county about the dangers of permitting an oil refinery to be constructed on the pristine farmlands in southeastern South Dakota. In a modern day re-enactment of the Ibsen play, Cable leads a group opposing the projected oil refinery in Union County, which is about as far from an oil well as one can get. His effort has been to sound an alarm to people about the major problems that will come with such a project, i.e., the pollution, the problems that will come with a massive influx of construction workers, and the lack of adequate hospitals and law enforcement to service such an influx. He has found it as difficult as Dr. Stockmann to overcome the promise of money flowing into the area because of the refinery’s construction. One must ask why is a Texas corporation moving as rapidly as it has to obtain approvals for a 400,000 barrel-a-day oil refinery to be located where there is no oil? There is in fact a thimbleful of oil in extreme northwestern South Dakota, but not enough to keep a refinery busy. There is no oil whatever in Union County, South Dakota, which is where Hyperion is attempting to move in to establish what it calls, “a green refinery.” Putting aside for the moment the fact that there is no such thing as a “green refinery,” why Hyperion wants to establish any kind of refinery in the lush farmlands of Southeastern South Dakota is a mystery. A mystery, that is, until one looks a little closer at the Texas corporation. Hyperion is controlled by Texan Albert Huddleston, who, in 2004, contributed $100,000 to the Swift Boat Veterans for Truth, a Committee set up to smear Democratic Presidential Candidate John Kerry. He is also reported to be a close friend of George W. Bush. The Corporation is planning to construct a $10 billion refinery on land where heretofore corn has been the principal commodity. Huddleston is married to Mary Hunt, the granddaughter of fabled Texas oilman, H.L. Hunt. He is also the Defendant in a lawsuit brought against him by a Miro Vranac, who is one of the Trustees of the “Lyda Hunt Bunker-Mary Moreland Hunt Trust.” Vranac claims he was unjustly fired by Albert and Mary Huddleston after, so he alleges, he tried to block Huddleston’s attempt to use trust proceeds to pay off mortgages on real estate Mary Huddleston owned. The lawsuit also alleges that Huddleston had requested a distribution of an additional $20 million from the Trust for what the lawsuit describes as “other misguided projects in Iraq and South Dakota.” Beyond Huddleston, Hyperion’s background adds to the mystery of why anyone would plant an oil refinery where there is no oil. One of the opponents of the refinery, Jason Quam, did some research on Hyperion as a company. He found that the only real business Hyperion has been engaged in is building, buying and selling “sanitary landfills”—or in common parlance, garbage dumps. What Huddleston and his Corporation have succeeded in doing so far is to talk the Union County Commission into granting a permit, one that would re-zone the entire area where the refinery would be located, giving Hyperion almost total control over the site, with little or no interference by the County. His efforts have also succeeded in causing a corrosive division between those residents of the County who have agreed to sell their land to Hyperion at favorable prices, and those who have no desire to live next door to this pollution factory. In a referendum in early June, Hyperion’s promises of lots of jobs and lots of tax money carried the election by 58 per cent. Those who wanted to sell their land were joined by voters in the small town of Elk Point who fell prey to Hyperion’s promises, as well as those who live in Dakota Dunes, the bedroom community serving Sioux City, just across the border in Iowa, who are far enough away to be unaffected by the pollution, the destructive congestion, and the myriad of other problems that will be brought on by a $10 billion construction project. During the buildup to the election, Hyperion was cunning enough to resist answering publicly the questions opponents wanted answered. It did so by holding public meetings, but instead of standing before the audience, the “experts” brought in by Hyperion sat at separate tables so their answers were heard only by those standing at a table, but not by the rest of the audience. And the County Commissioners, who were virtually orgasmic at the thought of all that tax money coming in, refused to allow members of the public to ask questions during the few meetings they held with Hyperion present. The Republican governor, Mike Rounds, has not only endorsed the project, but he has expended a great deal of effort to support it. Again, full disclosure, this time on behalf of the Governor. The Governor’s father was once a lobbyist for the oil industry in the South Dakota legislature. This year, Hyperion officials quietly approached South Dakota’s U.S. Senator Tim Johnson to ask his help in obtaining a $10 billion guaranteed loan from the government to build the refinery. Johnson broke the story to the press, but even that disclosure did not deter a yes vote from those who saw the dollar signs floating down to the County from Hyperion. It’s apparent that Huddleston will have to get his financing somewhere else besides the government, especially if his friend George W. Bush is no longer holding sway in the White House. Other experts have said that if the project were commercially viable, Hyperion would not need a government loan guarantee. Beyond the money difficulties, there’s the question of where the oil will come from to feed the refinery. Hyperion says it will tap Canadian tar sands from which crude oil will be extracted, then send it in a pipeline down to South Dakota. Based on the cost of a pipeline now being planned by another oil company wanting to ship oil through South Dakota, such a pipeline from Canada to Union County will cost anywhere from $6 to $7 billion dollars. Added to the cost of building the refinery, we’re talking real money here. What South Dakotans are facing is the fact that there is no oil dirtier than that which comes from tar sands. It is of such a low grade of crude that it has to be heavily refined. And how long the nation of Canada will stand for the pollution and energy wastage resulting from producing oil from tar sands is a serious question. This kind of extraction process produces three times more greenhouse gas emissions than does a barrel of conventional oil. The only “green” thing remaining is that which will float southward to Texas into Albert Huddleston’s bank account, leaving South Dakota, a state which now has very clean air, to live with the pollution from his refinery. Part of Hyperion’s campaign is to hold out the promise of cheaper gasoline prices if they bring the refinery online. But America consumes 20.7 million barrels of crude oil a day. Adding 400,000 barrels a day from a tar sands refinery will make no dent whatsoever in gas prices. America is much better served by conservation along with such reforms as increasing wind and solar energy, constructing a nationwide rail transportation system much like those in Europe and Japan. We can hope that by the time any such farmland refinery would come online, this country would no longer be in need of more refineries. Moreover, Barack Obama, who is likely to be our next president, has said that he is committed to breaking America’s addiction to “dirty, dwindling, and dangerously expensive” oil. If Obama keeps his word and doesn’t find a new religion in the process of winning the election, oil refineries of any kind hopefully will become as outdated as horse-drawn carriages. James G. Abourezk is a lawyer practicing in South Dakota. He is a former United States senator and the author of two books, Advise and Dissent, and a co-author of Through Different Eyes. Abourezk can be reached at georgepatton@alyajames.net.
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