Where's Cheney? - Strategic Public Reserve-OVER A QUARTER OF THE OIL HAS DISSAPPEARED!

[kpete]

CHENEY: No, if there's anything about the economy that keeps Dick Cheney up at night, it's the prospect of sabotage aimed at disrupting the oil market, he told FORTUNE.

Is Dick Stealing from the US and Giving to His Friends, Again?
By: emptywheel Thursday January 10, 2008 2:12 pm

http://money.cnn.com/2007/11/22/magazines/fortune/cheney.fortune/index.htm?section=money_latest


Though the Royalty Management Subcommittee proved it wasn't really interested in transparency and oversight, seeing as how it had a penchant for meeting in secret.

Now, to be fair, the Royalty Management Subcommittee just got started last year, and it takes a long time to reverse Dick Cheney's corrupt ways. But an IG audit by the Department of Energy has discovered that there are completely inadequate controls on the oil that's supposed to go into our Strategic Public Reserve, and over a quarter of the oil is disappearing.

To help add to the reserve, DOE receives a portion of the royalty oil that the Department of the Interior gets in return for allowing petroleum companies to drill on government lands and waters.

The department's Inspector General Gregory H. Friedman and his auditors found that in 28 percent of the oil transfers they examined, the amount received did not match the estimated amount to be shipped by the Interior Department's Minerals Management Service.

"To illustrate our findings regarding discrepancies, during a four-month period in Fiscal Year 2005, two Department contractors reported receiving 308,000 barrels of royalty oil less than the amount that MMS had scheduled for delivery to the market center. Yet, despite this significant shortfall, the Department took no action to resolve the discrepancy and to ensure that it had received all of the oil shipped by MMS," according to the audit. http://blogs.abcnews.com/theblotter/2008/01/oil-crisis-as-b.html

..........................

You see, the SPR had been full already--filled up when oil was at then-record prices (before now, when oil is again at record prices). But the Administration, under Shock Doctrine cover of Katrina, went ahead and expanded the SPR, environmental impacts be damned.

So let's see. Dick Cheney's buddies have, for years, outright refused to charge oil companies fair amounts for the right to drill on my and your land. When the excesses of corruption were discovered, they implemented other ways to try to fix the corruption; we would just get the oil, rather than quibble over an appropriate royalty. But come to discover that that method, too, is apparently at least ripe for massive corruption, if not already being exploited for graft. And Dick Cheney's response?? Expand the opportunity!! I want all my buddies to get an opportunity to steal from the American government, and I'm not above invoking national security to do so!!!

Typical.

more at:
http://emptywheel.firedoglake.com/2008/01/10/is-dick-stealing-from-the-us-and-giving-to-his-friends-again/

[AzDar]

1. I'm guessin' he's riding around the Straits of Hormuz in a Cigarette boat.

[SoCalDem]

2. He has a gasoline powered pacemaker maybe?

:)

[wildbilln864]

3. k&r! thanks kpete. n/t

[melody]

4. This bastard needs to go to prison for a long time n/t

[burythehatchet]

6. you are much too kind n/t

[annabanana]

5. Oh sweet Jesus.. What next?

The Strategic Oil Reserve is supposed to be that bunch of oil that we keep in case of emergency, right? We're supposed to be able to leverage this to keep people from bankrupting themselves trying not to freeze in the Winter, right?

There has NEVER been such a bunch of theives..

[Divine Discontent]

7. they realllllllly

need to be in prison. I guarantee chaos in this country if the rethugs steal the election despite WIDESPREAD appeal for a Democratic candidate wherever I go, stores, friends, work, etc...

[sicksicksick_N_tired]

8. He KNOWS there is PUH-LENTY to go around. He worries about the flow, INDEED!!!!

His global corporcrats want to RESTRICT the flow of oil,...to grow even greater profits (as if they haven't SUCKED US DRY) in the energy sect.

Cheney is a HEARTLESS, blood-letting and sucking evil fuck.

CHENEY IS AN EVIL FUCK! He knows it and will never give a shit about the rest of humanity, including his daughter who he pays just to be quiet and economically happy.

CHENEY BUYS HIS EXISTENCE. He has no principles or love or any of that silly human crap.

[Didereaux]

9. that oil is released to Halliburton run its fuel trucks from Kuwait to Iraq...

Where they dump the US taxpayers subsidized gasoline at 15 cents per gallon. Of course, all the oil refined for that purpose isn't used, so Hallibuton sells the rest on the commidities market to pay bonuses on Cheneys STILL owned shares and extended release contract. So see? No nefarious skullduggery involves and Anderson Bookcookers can balance the ledger to the penny or barrel in this case.

[Bitwit1234]

10. Since he has been gone so long and not seen think he is having a transplant.

I'm serious, not kidding. He has been out of sight for too damn long. And now that bush is out of the country, shouldn't we at least be seeing him.

By the way, remember they did have a guy that was auditing the oil reserves and the money the oil companies were supposed to pay the govenment, and when he found out they were cheating the taxpayers and wanted to look into it he got fired. Then they gave some hack the job.

[Bitwit1234]

11. For some reason I don't think bush and cheney are going to ever leave office.

the crookedness, the corruption, and the money and resources they (the republicans) have stolen from this country, will boggle the mind if it was ever found out. So how can they leave the white house.

[earth mom]

15. I doubt they will leave. * gets off on being the decider & Cheney gets off on being puppetmaster.

Fear of being found out has nothing to do with it. They ARE fear. :puke:

[bluesmail]

12. K & R and thank you

[enough]

13. k&r

[htuttle]

14. This is the kind of scam that separates Cheney from small-time mobsters like Al Capone..

I bet Cheney and his gang are among the top 3 highest-taking theives of all time.

[Z_I_Peevey]

16. Is there nothing that he hasn't looted, ruined, corrupted

in some way? What is left for them to loot?