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Topic: Arbusto Energy


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In the News (Mon 7 Dec 09)

  
  Arbusto Energy - Wikipedia, the free encyclopedia
Arbusto Energy (sometimes referred to as Arbusto Oil), was a petroleum and energy company formed in Midland, Texas, in 1977, by George Walker Bush and a group of investors which included Dorothy Bush, Lewis Lehrman, William Henry Draper III, Bill Gammell, and James R. Bath.
A friend of the Bush family, Philip Uzielli, invested $1 million in 1982 in exchange for a 10% stake in the company, at a time when the whole company was valued at less than $400,000.
In 1985 Spectrum 7 reported a net loss of $1.5 million and was bought in 1986 for $2.2 million by Harken Energy, with Bush joining the Harken board of directors and finance audit committee.
en.wikipedia.org /wiki/Arbusto_Energy   (556 words)

  
 Arbusto - Demopedia   (Site not responding. Last check: 2007-09-08)
Arbusto Energy, also known as Arbusto Oil was founded by George W. Bush, with help from investors: including a friend from the Texas Air National Guard, James R. Bath, Ghaith Pharaon, John Connally and Jonathan J. Bush.
Arbusto Energy was struggling and was eventually bought out by Spectrum 7.
Khalid bin Mahfouz (owner of Harken Energy) has been named as a funder of Osama bin Laden, a Saudi government audit in 1999 showed that bin Mahfouz had given millions of dollars to al-Qaeda.
demopedia.democraticunderground.com /index.php/Arbusto   (600 words)

  
 Arbusto Energy
The word ''arbusto'' is Spanish for " bush ".
When Salem bin Laden died in 1988, his interest in Arbusto (along with other bin Laden Group assets) passed to Khalid bin Mahfouz.
In 1982, Arbusto became known as ''Bush Exploration'', a year after George H. Bush became Vice President.
www.seattleluxury.com /encyclopedia/entry/Arbusto_Energy   (478 words)

  
 arbusto | | Dictionary & Translation by Babylon
Arbusto Energy (Arbusto Oil) was a petroleum and energy corporation formed in Midland, Texas, in 1977, by George W. Bush.
Arbusto è un Vegetale, simile all'albero, i cui rami si separano dal tronco centrale molto vicino al terreno, o il cui tronco non è presente del tutto.
Se llama arbusto a una planta leñosa de cierto porte cuando, a diferencia de lo que es propio de un árbol, no se yergue sobre un solo tronco o fuste, sino que se ramifica desde la misma base.
www.babylon.com /definition/arbusto/All   (369 words)

  
 Energy Independence 2020   (Site not responding. Last check: 2007-09-08)
The result was a national energy policy that failed to restrain energy prices, that failed to plan for the future, and that failed to take into account our environment or national security.
The most prominent member of the Energy Department transition team was Enron's Chief Executive Ken Lay, who is currently on trial for manipulating energy markets and robbing consumers of hundreds of millions of dollars.
Energy analysts also noted that the EPA already "has the authority to grant (clean fuels) waivers based on a demonstrated and unanticipated supply shortage.
democrats.senate.gov /energy/factsheets/050206.html   (3528 words)

  
 RenewableEnergyAccess.com | President's Energy Initiative Falls Short
The President's plan, officially called the Advanced Energy Initiative, is mostly a series of budget proposals that will need to be agreed upon and voted on by Congress.
One person who disagrees with the portrayal of there not being an energy efficiency component to the President's plan is Bill Gouse, the Executive Director of the United States Council for Automotive Research (USCAR), an umbrella research organization created by DaimlerChrysler, Ford and General Motors in 1992.
One thing is clear, over the coming days and weeks, scientists, stakeholders, energy industry players and renewable energy advocates alike will continue to voice their varied opinions and analyses of the President's Advanced Energy Initiative.
www.renewableenergyaccess.com /rea/news/story?id=42820   (2493 words)

  
 In These Times * Questionable Ties
In 1979, Bush’s first business, Arbusto Energy, obtained financing from James Bath, a Houstonian and close family friend.
In conflicting statements, Bush at first denied ever knowing Bath, then acknowledged his stake in Arbusto and that he was aware Bath represented Saudi interests.
The Arbusto deal wasn’t the last time Bush looked to highly questionable sources to invest in his oil dealings.
www.inthesetimes.com /issue/25/25/feature3.shtml   (707 words)

  
 Untitled Document
“Arbusto” means “Shrub” in Spanish, and so the Bush family figured it closely resembled their own name.
Salem bin Laden was the oldest son of the late Mohammed bin Laden and was left in charge of the family’s construction company (one of the largest in the world) and their vast wealth with the aid of several other brothers (“The Bush-Bin Laden Money Connection”).
The article on Arbusto Energy went on to say that Spectrum 7 reported a net loss of over $1.5 million within the first year and was bought the following year for $2.2 million by Harken Oil and Gas.
www.personal.psu.edu /users/m/n/mnh116/group3.htm   (2907 words)

  
 High Energy Prices
That is, energy generators are not supplying enough energy to meet the public’s demand; hence the energy shortages and high energy prices.
Just listen to their energy stock advice: “Of course, there will also be a chance to cash in on the renewed boom in oil and gas exploration...
In short, the Bush and Cheney’s energy plan is a massive corporate subsidy program that promotes nonrenewable sources of energy, pays back the Big Energy corporations that helped bankroll their campaign, and jeopardizes the welfare of ourselves and our environment.
web.mit.edu /thistle/www/v13/4/energy.html   (2365 words)

  
 Washingtonpost.com: Bush Name Helps Fuel Oil Dealings
Bush organized his first company, Arbusto Energy Inc. ("Ar-boo-stow" is Spanish for Bush) in 1977 on the eve of a run for Congress and quickly put it to use as a credential for the political contest.
James McAninch, who joined Arbusto in 1982 to take charge of production, said Bush at that point was operating about 15 wells in the Midland area in which he had a majority interest.
Arbusto's balance sheets showed that at the end of 1981, it had little more than $48,000 in the bank and more than half of all its assets consisted of "accounts receivable," money owed to it by others.
www.washingtonpost.com /wp-srv/politics/campaigns/wh2000/stories/bush073099.htm   (4614 words)

  
 The Neil Rogers Show - News - Bush & Bin Laden - George W. Bush Had Ties to Billionaire bin Laden Brood - The ...
"Arbusto" actually means "shrub" in Spanish, but the Bush family interpreted it as "bush".
Arbusto later became Bush Exploration, when Bush's father became vice president.
As the company neared financial collapse in September 1984, it was merged with Spectrum 7 Energy Corp. in an effort to stay afloat.
news.neilrogers.com /news/articles/2004060919.html   (1577 words)

  
 ‘Frauds-R-Us’The Bush Family Saga: Arbusto Oil and the bin Laden Connection
Salem bin Laden, one of 57 children their father Mohammed sired with his 12 wives, and Bush were founders of the Arbusto Energy oil company in Texas (I assume not with the 12 wives as well).
He died in a plane crash -- like his father -- but not before the Arbusto Energy Oil Company, founded in 1978, had become hugely successful.
In 1986, with the company on the verge of bankruptcy, it was purchased by Harken (see Harken entry), and even though Bush Exploration Co had debts of $3 million, Harken paid Bush $2 million for his stock.
www.informationclearinghouse.info /article3332.htm   (292 words)

  
 TBRNews.org
7 Energy holdings to Harken Energy in In early 1986, George W. Bush sold his Spectrum return for 212, 000 shares of Harken stock and a seat on their Board of Directors.
Although Harken Energy stock was not an attractive stock in 1990, Bush was approached by a broker, Ralph Smith of Sutro and Company of Los Angeles and offered $4 per share.
(Arbusto is Spanish for Bush), married Laura Welch, a librarian from Midland and bought property in the district of retiring Representative George Mahon.
www.tbrnews.org /Archives/a001.htm   (4348 words)

  
 Topplebush.com: A premier collection of articles on Bush and his family, past and present, including many articles on ...
Another George Bush -- the son of the President of the United States -- was a director and shareholder of Harken Energy.
In one year, he started a business, Arbusto Energy, Inc. (Arbusto is Spanish for Bush); married Laura Welch, a librarian who grew up in Midland; and bought a house in the district of retiring Representative George Mahon.
By April 1984, Arbusto had drilled ninety-five holes, with forty-seven yielding oil, three yielding natural gas, and forty-five that were dry.
www.topplebush.com /article6_busdeal.shtml   (3944 words)

  
 Bush & Co private limited
In 1976, he started Arbusto Energy Inc. (arbusto means bush in Spanish), which aimed to explore for oil.
One of the first actions of the Bush administration was the formulation of a new energy policy statement.
Cheney was appointed Chairman of the National Energy Policy Development Group, the report of which is known as the Bush-Cheney Energy Plan.
www.frontlineonnet.com /fl2005/stories/20030314006302400.htm   (1988 words)

  
 The REAL Dirt On Bush/Harken Scandal!! : SF Indymedia
Arbusto is an oil company Bush ran into the ground and it was acquired by Spectrum which, Bush ran into the ground and it was acquired by Harken.
He began his career in Midland, Texas, in the mid-1970s when he founded Arbusto Energy, Inc. When oil prices dropped in the early 1980s, Arbusto fell upon hard times.
James Bath, a Texas entrepreneur who invested $50,000 in Arbusto Energy, may be a business cutout for the CIA.
sf.indymedia.org /mail.php?id=136245&comments=yes   (1334 words)

  
 George W. Bush and Harken Energy
In exchange for his equity in Spectrum 7, Bush received $2.25 million worth of stock in Harken and was hired as a ‘consultant.’ During the course of his employment with the company and his tenure as a board member, he managed to acquire an additional $600,000 in Harken stock.
From Kendrick's viewpoint [founder of Harken Energy], Bush was a good choice to join Harken's board because he lent prestige to the struggling company.
This was in spite of the fact that according to the terms of the sale, Harken Energy remained liable for any environmental problems stemming from the operation of Aloha under Harken’s past management.
www-snde.rutgers.edu /Rutgers/Econ394/Unit2/harken_detail.html   (7585 words)

  
 What you dont know - The Carlyle Group, Bin Laden, James R Bath, BCCI, Arbusto Energy
In 1976 Bush's firm Arbusto Energy was funded with $50,000 from Texas investment banker James R. Bath who was also the U.S. investment counselor for the bin Laden family.
One of the richest men in the world, Khashoggi was the arms merchant at the center of the whole Iran-Contra scandal and got his first business break by acting as middle-man for a large truck purchase by Salem bin Laden, Osama 's older brother.
Bush at first denied ever knowing Bath, then acknowledged his stake in Arbusto and that he was aware Bath represented Saudi interests.
www.riza-1.com /knowledge/Carlyle-binladen-bath.htm   (988 words)

  
 Slick W.
Arbusto had drilled almost 100 wells, and half of them hit oil -- about average for Permian Basin exploration in the '80s.
In one of the few major business decisions he made, he changed his company's name to Bush Exploration in 1982 (at a time when his father was vice president) and offered shares to the public in order to expand and raise $6 million needed to keep the company working.
In 1986, Harken Energy Corporation, which Time magazine called "one of the most mysterious and eccentric outfits ever to drill for oil," stepped in to buy Spectrum 7 and George W. Bush -- whose father was at the time vice president of the United States.
www.motherjones.com /news/feature/2000/03/slick.html   (3285 words)

  
 HarkenEnergy - 9/11Encyclopedia
He had started his own oil and gas company by 1978, taking $17,000 from his education trust fund to set up Arbusto Energy (->) (arbusto means Bush in Spanish).
In 1983, Bush's company was rescued from failure when Spectrum 7 Energy Corporation, a small oil firm owned by William DeWitt and Mercer Reynolds, bought it.
Harken Energy Corporation acquired Spectrum 7 in 1986, after Spectrum had lost $400,000.
911review.org /Sept11Wiki/HarkenEnergy.shtml   (520 words)

  
 george w bush
(Arbusto is the Spanish word for bush.) His daddy was Vice President.
The 50 investors, who were "mainly friends of my uncle" said Junior, put in $4.7 million and lost most of it.
As Arbusto was going bust, Spectrum 7 Energy Corporation bought it in September 1984.
www.hilltopcybercafe.com /bush2.htm   (1303 words)

  
 The morality of plutocracy: the Washington Post and the Harken Energy "distraction"
Entitled “The Harken Energy Distraction,” the editorial is dedicated to a defense of President Bush and the corrupt dealings by which he made his millions.
Bush was on the board of directors and was a member of Harken’s auditing committee during the late 1980s, after the company acquired Spectrum 7, which had in turn acquired Bush’s own Arbusto Energy some years back.
Both Spectrum 7 and Arbusto were financial failures, but Harken paid a pretty penny for the acquisition because it provided the company with a valuable asset...
www.wsws.org /articles/2002/jul2002/wp-j15.shtml   (1830 words)

  
 Bush and bin Laden, Inc.?   (Site not responding. Last check: 2007-09-08)
In June 1977, George W. Bush started his first drilling company Arbusto Energy with a $50,000 investment from Houston businessman James R. Bath.
Bath, along with Bush, had been suspended from the Texas Air National Guard for "failure to accomplish [the] annual medical examination" (in Bush's case he refused to be tested for illegal drug use).
Sheikh bin Laden." Since Bath had "no substantial money of his own at the time," Beaty and Gwynne suggest that Arbusto Energy was financed by Bath's Saudi Arabian clients.
yeoldeconsciousnessshoppe.com /art88.html   (126 words)

  
 World Trade Center Attack
In 1987 Mahfouz's representative in the U.S., Abdullah Taha Bakhsh, acquired an 11.5% stake in a company in which the Bush was a shareholder, director and adviser, Harken Energy.
Spectrum 7, in which Bush was boss and held 13.8%, had previously bought up the first firm Bush founded, Arbusto Energy Inc. in 1984.
In the 1970s, he and George W Bush were founders of the Arbusto Energy oil company in Mr Bush's home state of Texas.
www.bushnews.com /attack.htm   (7293 words)

  
 angelfire-book7.htm   (Site not responding. Last check: 2007-09-08)
When Arbusto Energy teetered on the brink of bankruptcy, the company remained solvent by merging with Arbusto 7 Oil Company.
Bush’s third oil firm, Harken Energy, was operated by Alan Quasha, a New York lawyer who was also a Republican Party fundraiser.
Just prior to the Gulf War, Harken Energy, with no previous international or offshore drilling experience, was awarded a 35-year petroleum exploration contract with the emirate of Bahrain.
www.0nenation.com /external-webpages/angelfire-book7.htm   (2301 words)

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