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by Uri Dowbenko
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The Enron-Bush Connection
by Uri Dowbenko
The phony US energy crisis has deep ties to the
One of the prime beneficiaries of the "crisis" is
Enron Corporation and its Chairman Ken Lay, a major
corporate and personal contributor to George Bush
Jr.'s presidential campaign.
Even though California Gov. Gray Davis has reached
into California residents' deep pockets to bail out
the utility companies through emergency legislation,
Washington Gov. Gary Locke has balked.
According to KCPQ-TV's Chris Daniels' "A Disturbing
New Twist in Western Power Troubles, "Governor Locke
says, 'It's unjustified, it's obscene, and
clearly hurting all consumers.'"
Like other western governors, Locke has had to pay
for electricity at any price.
In November of 1999, for example, electricity was
purchased for $29 a megawatt hour.
A year later, the price increased to $160 an hour,
according to sources at Tacoma Power.
Last month it was at $525.
Locke expressed his indignation saying, "I've very
disappointed in President Bush that the new
administration will not be intervening."
But why should he intervene?
One of Bush's largest campaign contributors is
Enron Corporation, a Texas-based company which is part
of the defacto global energy oligopoly-cartel.
Although diversifying into other business, Enron
has been best known as the largest buyer and seller of
natural gas in the United States. Its 1999 revenues of
$40 billion had made it the 18th largest company in
the United States.
Enron is also invested in energy projects around
the world, including the UK, Argentina, Bolivia,
Brazil, the Philippines, Indonesia, China, India and
One of the global energy cartel's most visible
players, Enron saw its corporate profits rise 34
percent in the fourth quarter of 2000.
Enron shareholders should ask -- did dividends come
from price gouging US citizens?
© 2001, Uri Dowbenko. All rights reserved.