NALCO is the manufacturer of chemical dispersements and water purification systems that are being used in the Gulf.
Nalco has had ongoing ties to Exxon.
Nalcos owner is Blackstone Group.
The Blackstone Group was founded in 1985 by Peter G. Peterson, David M. Lubotta and Stephen A. Schwarzman with $400,000 in seed capital.
Peter George Peterson (born June 5, 1926) is an American businessman, investment banker, fiscal conservative, author, and politician whose most
prominent political position was as United States Secretary of Commerce from February 29, 1972, to February 1, 1973 under Richard Nixon. He was the
Chairman and CEO of Bell & Howell from 1963 to 1971, and Chairman and CEO of Lehman Brothers from 1973 to 1984. He was Chairman of the Council on
Foreign Relations until retiring on June 30, 2007, after being named chairman emeritus. He co-founded the private equity firm, the Blackstone Group.
In 2008, he was ranked 149th on the "Forbes 400 Richest Americans" with a net worth of $2.8 Billion. In 2008, he established The Peter G. Peterson
Foundation with a $1 billion endowment
Peterson succeeded David Rockefeller as Chairman of the Council on Foreign Relations in 1985 and served until his retirement in 2007. He currently
serves as Trustee of the Rockefeller family's Japan Society and of the Museum of Modern Art, and was previously on the board of Rockefeller Center
In February 1994, President Bill Clinton named Peterson as a member of the Bi-Partisan Commission on Entitlement and Tax Reform co-chaired by Senators
Bob Kerrey and John Danforth.
Seems that NALCO the manufacturer of chemical dispersements used by BP is tied to Nixon, Rockefellers, Exxon and even Bill Clinton. But I don't see
the link to Obama.
And I do like this quote from the guy.
Following record deficits under President George W. Bush, Peterson commented in 2004: "I remain a Republican, but the Republicans have become a far
more theological, faith-directed party, not troubling with evidence."