how poppa bush got rich: screwing poor farmers and ranchers out of

[NVMojo]

their "mineral rights" in Texas ...anyone read this book?

"Lakefront Airport"

http://www.bigeasypublishing.com/355590.html

sort of ironic that the publishing company was in New Orleans ...

interesting exerpt here:

"Bush and the Liedtkes had been very lucky with the Jameson field, but they could hardly expect such results to be repeated indefinitely. In addition, they were now posting losses, and the value of Zapata stock had gone into a decline. Bush and the Liedtke brothers now concluded that the epoch in which large oil fields could be discovered within the continental United States was now over. Mammoth new oil fields, they believed, could only be found offshore, located under hundreds of feet of water on the continental shelves, or in shallow seas like the Gulf of Mexico and the Caribbean. By a happy coincidence, in 1954 the US federal government was just beginning to auction the mineral rights for these offshore areas. With father Prescott Bush directing his potent Brown Brothers, Harriman/Skull and Bones network from the US Senate while regularly hob-nobbing with President Eisenhower on the golf links, George Bush could be confident of receiving special privileged treatment when it came to these mineral rights. Bush and his partners therefore judged the moment ripe for launching a for-hire drilling company, Zapata Offshore, a Delaware corporation that would offer its services to the companies making up the Seven Sisters international oil cartel in drilling underwater wells. 40% of the offshore company's stock would be owned by the original Zapata firm. The new company would also be a buyer of offshore royalty leases. Uncle Herbie helped arrange a new issue of stock for this Zapata offshoot. The shares were easy to unload because of the 1954 boom in the New York stock market. "The stock market lent itself to speculation," Bush would explain years later, "and you could get equity capital for new ventures."

1954 was also the year that the US overthrew the government of Jacopo Arbenz in Guatemala. This was the beginning of a dense flurry of US covert operations in central America and the Caribbean, featuring especially Cuba."

it's all sickening ...I have this image of the Bush family with gigantic straws at their lips ...sucking oil out of the earth ...

[gandalfdf]

1. I always had a feeling that the bushes got rich

by exploiting people

[NVMojo]

2. yeah, really ...hmmm, wonder how close New Orleans is to this area?

"During 1956, despite continuing losses and thanks again to Uncle Herbie, Zapata was able to float yet another offering, this time a convertible debenture for $2.15 million for the purchase of a second Le Tourneau drilling platform, the VINEGAROON, named after a west Texas stinging insect. The VINEGAROON was delivered during 1957, and soon scored a "lucky" hit drilling in block 86 off Vermilion Parish, Louisiana. This was a combination of gas and oil, and one well was rated at 113 barrels of distillate and 3.6 million cubic feet of gas per day. This was especially remunerative because Zapata had acquired a half-interest in the royalties from any oil or gas that might be found. VINEGAROON then continued to drill of Louisiana on a farmout from Continental Oil, also off Vermilion Parish."

[MrSlayer]

3. How Poppy Bush got richER.

They were already rich before this, dealing with the Nazis and the like. Probably were rich three generations before even that.

[NVMojo]

4. yep, but this is how poppa bush got his own wad together in his own

little way. With family funds that you mention.

[nofurylike]

5. "gigantic straws at their lips ...sucking oil out of the earth ..." among

other minerals, and lives.

thank you for posting about this book, and this information, NVMojo. it is crucially important we know about their exploitations!


peace and solidarity

[mom cat]

6. and sucking blood out of the people.

[SharonAnn]

7. And sucking the money out of your pocket. They insert themselves

between the taxpayer's money and the services that are to be provided with that money. They tap off as much of it as they possibly can. Sometimes at multiple points in the spigot.

They much prefer this to actually working or providing a real service. Just suck the taxpayers' money into their pockets.