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Originally posted by Skinon
I was just looking up scum on good ol wikipedia, and after reading a lil about condosleeza rice, i started reading through lord of the fetal alcohol syndromers or 'bush' as he is fondly known and read that after he graduated Yale he worked for his families oil businesses? hmmmmmmm so his family has ties to the oil companies? so if the price is goin up they are gonna benefit by getting more money? is that right or am i off course?
In 1978, Bush ran for the House of Representatives from Texas's 19th congressional district. His opponent, Kent Hance, portrayed him as being out of touch with rural Texans; Bush lost the election by 6,000 votes. He returned to the oil industry, and began a series of small, independent oil exploration companies. He created Arbusto Energy, and later changed the name to Bush Exploration.
In 1984, his company merged with the larger Spectrum 7, and Bush became chairman. The company was hurt by a decline in oil prices, and as a result, it folded into Harken Energy. Bush served on the board of directors for Harken. Questions of possible insider trading involving Harken have arisen, though the Securities and Exchange Commission's (SEC) investigation of Bush concluded that he did not have enough insider information before his stock sale to warrant a case.
In fact, according to the nonpartisan Center for Responsive Politics, members of Congress have more money invested in each of the top five oil and gas companies,