|The Connection: Oil-politics & Investment-banking
Connection! Connection! Connection, to have been a fly on their walls 1998-
United states President-George Bush Jr, United States vice president-Dick Cheney, Robert Malone BP-
North America CEO, Peter Sutherland-Chairman of BP and Advisor-Director of Goldman Sachs, John
Browne-BP's CEO and a Board-member at Goldman Sachs, JP Morgan-investment Banking, Morgan
Stanley-oil Company and Investment Banking, Henry Paulson-Goldman Sachs and United States treasury-
as the-negotiator- fix-it-man in the final rounds.
”The development of a new energy policy was one of President Bush's first major project after he took office January, 2000; he
gave the responsibility to develop the new energy policy to Dick Cheney, who was a former chairman of Halliburton Co., a Dallas-
based energy services firm. Cheney appears to have played a more behind-the-scenes role in the task force's deliberations.
Documents list only a few direct meetings with the vice president. Those included a meeting with Enron’s Ken Lay and a meeting
with officials from Sandia National Laboratories. “Cheney had other meetings, such as with John Browne, then the chief
executive of BP, that were not listed on the task force's calendar” according to the Washing Post
Ref:Washington Post Details Industry Role in Cheney's Energy meetings, by Michael Abramowitz and Steven Mufson
July 18, 2007)
Robert Malone was BP’s North America CEO from 2006 to 2009. Prior to 2006, Malone was a BP regional President and he
was Alaska’s State Co-Chairman of President George Bush’s Jr. re-election campaign.in 2004. According to the Washington
Post he is listed as one of the Executives from the oil and drilling companies who met with Vice President Cheney’s famous
“Energy Task Force” in, 2001. (Dana Milbank and Justin Blum-Washington Post Staff Writers ''Document says OIL Chiefs Met
With Cheney Task Force" November 16, 2005)
Another note referencing the powerful connection:"Oil industry under fire"
Soaring earnings prompt calls for a windfall profit tax, but will big oil end up having to pay ?October 28, 2005: 2:51 PM EDTBy
Chris Isidore, CNN/Money senior writer "Sen. Byron Dorgan has introduced a three-year tax of 50 percent for any profit oil
companies make for oil sold above $40 a barrel. But even the North Dakota Democrat admits it's an uphill battle for the bill. "This
is not a very hospitable political environment to challenge the oil industry," Dorgan told CNN/Money. "We have a president and
vice president who come from the oil industry and they're not interested in doing anything that runs counter to the interests of
major integrated oil companies."
Peter Sutherland was BP’s Chairman of the Board from 1997 to 2009 and he also served as Group Secretary; Additionally Mr.
Sutherland was General Counsel of World Trade Organisation from 1993 to 1995, and Managing Director of Goldman Sachs
International; he served as an Advisory Director of The Goldman Sachs Group Inc. since 1995...to current(02-2011) He also
served briefly as the Director General of GATT( General Agreement on Tariffs and Trade which regulates trade and tariffs
worldwide) According to Peter Sutherland’s executive profile he” is connected to 120 board members in 7 different organizations
across 16 different industries”.(4)
John Browne Joined BP in 1966 as an apprentice; his father was employed by BP. John Browne moved through the ranks to
become BP’s CEO in 2000. He retired July 2007 and was succeeded by Tony Hayward BP's head of exploration and production.
Browne had been on the Board at Goldman Sachs since May of 1999 when it became a public company. He served as chairman
of the audit committee. He was also a member of the Corporate Governance and Nominating Committee and the Compensation
Committee. John Browne resigned from Goldman May 2007
In the spring of 2001,The cogs in the wheels for developing the New energy policy were being cemented in place for the select
few. The direct relationships with BP’s regional manager Robert Malone, BP’s CEO John Browne and Vice President Cheney
by-way of President George Bush was in motion. It was reported that Chevron, Exxon Mobile and Shell oil executives were
present at the Dick Cheney energy policy meeting. However I could not locate information validating that.....
Additionally to make the circle more financially self -sustaining , the prior relationship that BP established with Goldman Sachs
where Peter Sutherland was already the Chairman of Goldman Sachs International since 1995, and he was the BP Chairman
since 1997. Now in 1999, BP’s John Browne becomes a Board member of Goldman Sachs the same year that Goldman Sachs
goes public. That was a major marriage for money and oil speculation.
However its gets even better, prior to 1999 there was a previous even stronger oil-money marriages already in place. In 1998 ,
for the BP-Amoco- merger J.P. Morgan was the investment bank advisor for BP, and Morgan Stanley was the investment Bank
advisor for Amoco. (8) So now with Peter Sutherland, John Browne, Goldman Sachs,J.P.Morgan and Morgan Stanley united as
“one” the “incestuous” money-oil-marriage is set in- stone to-speculate” (raise money as desired from the people at large). and
no one can force a divorce, regardless of the millions of Americans who are abused as a result of this incestuous union.
However those who have reserve seating at the oil-investment-banking table will receive Hugh benefits, until
According to documents filed with the Securities and Exchange Commission, Morgan Stanley have the capacity to hold and store
at least 20 million barrels of oil. Morgan Stanley also buy and sells oil through Subsidiaries and-companies that is control-by
There was a reported heated oil shortage for the winter of 1999 in the Northeast states of the US. To avoid future shortages, in
July 2000, President Clinton gave Secretary of Energy Bill Richardson the responsibility of establishing a home heating oil
reserve. In August 2000, Bill Richardson stated that Morgan Stanley Capital Group, Inc. would be providing one million barrels of
heating oil for the Administration to hold in storage to assist consumers, in case of another Northeast fuel shortages.
The home heating oil reserve contracts continued under President Bush. The government stockpiled two million barrels of
heating oil for New England and surrounding states.
In the year 2000, The Energy Department awarded Morgan Stanley a one year lease-contracts with a possible one year
extension. In July of 2002, The Department of Energy signed one year leases with options-to extend them for up-to-four
additional-years with two of the same companies that held the contracts in 2000. Motive Enterprises LLC 500,000 barrels,
Morgan Stanley Capital Group Inc., 500,000 barrels of the governments heating oil reserve according to the Department of
Morgan Stanley “has custody of a quarter of America's strategic reserve of home heating oil” according to Federal Energy
Regulatory Commission rankings.
The reserve storage is an extremely-stable and a guaranteed profit-maker…There is absolutely no room for “Small businesses”
in "That Room". I found that out the hard way. I did not know at the time that my company Donlyn Distribution had a contract for
heating-oil with millions of dollars potential that we were competing with "THE" Morgan Stanley. Imagine that..... I did not know
that Morgan Stanley was an oil company as well a bank. There was no-way for me to enter "The Room" of oil, and instance
access to any amount of money needed for an appropriate seat around the oil-money table. (Of course the circumstances
centered around my company and the heating oil contract is explained in detail later in the book)
Morgan Stanley is in the business of buying, storing and trading oil. BP own gas stations, drills and control oil wells, and refines
oil; then there is JP Morgan and Goldman Sachs to complete the circle of oil, unlimited money, and trading.
Even though Enron, a larger than life energy company had failed by 2004, Goldman Sachs and Morgan Stanley’s more
established history with energy groups ( Morgan Stanley's dating back to at least 1989) appeared to be on more solid financial
and energy-knowledgeable grounds and their marriage with BP a refining oil company helped them to stand the test of time
during the 2008-2009 financial meltdown. Apparently Morgan Stanley’s success inspired other traders , to name a few, Barclay,
Merrill Lynch, Credit Suisse, First Boston and Citigroup Inc. to follow them; theses additions taking the oil-money collaborative-
relationship to and out-right incestuous-orgy, This would be a key factor in sinking the U,S. Economy into experiencing the worst
recession since the Great depression of 1929.....
There is nothing that is illegal, that immediately meets the eyes, about this marriage of investment banking, politics and oil
companies beyond being the perfect marriage for speculation; that is based upon “Webster’s” dictionary’s definition of
speculation, However, the fact that during this timely premeditated methodological coming -together of this group, cemented,
even more, by the BP Amoco merger completion dates of 1998- 1999. This coupled with the board CEO's and Chairman
affiliations does leave a lot of room for “speculations” about their intended purpose since the price per barrel of oil
coincides with the dates of the cementing of their oil-investment banking relationships. Oil went from $34.00 per
barrel in the year 2000 to a historical $147.00 per barrel in 2008. More importantly, the fact that they have lied wanting to
keep the incestuous-speculations of the trading in the closet tells one that, even though, they are legal, as it may be, there is
something about this relationship that “They” should be ashamed-of , therefore the roll that “speculation” plays in the increase
in fuel barrel and pump prices must- be-kept-in-the-closet- that is why it is an incestuous relationship between this connected
political,oil and investment banking "select" family. With it comes an undeniable sense of entitlement's based upon my personal
experience with BP...