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POWER SCAM
The Enron-Bush Connection


by Uri Dowbenko


      The phony US energy crisis has deep ties to the Bush Family.

      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 Mozambique.

      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.


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