-Caveat Lector-
On Tue, 28 Aug 2001, Nurev Ind. wrote:
>>
>> But the name 'Zapata Oil Company' IS quite meaningful to anyone who knows
>> the history of the Bush family.... ;-)
>
>Good one!!!!
The name 'Zapata Oil Company' is bandied about freely throughout the
article, which described how it was Zapata that initiated drilling in
Kuwait after WWII and had monopoly rights to the wells and the oil from
those wells until the 1970s until, as the article described, Zapata
recognized that the same thing could happen in Kuwait as was then
happening in other oil-producing countries of the mideast -- namely, that
Zapata could lose everything if the Kuwaitis decided to nationalize oil
production in Kuwait...
So Zapata worked out the win-win deal with the Kuwaiti royals...
In the article it is interesting to read the writer's observation
(circa 1975) of Kuwait as being little more than a country comprised of
nomadic tent communities, with the capital city then just being
built...the writer wondered what the future would bring for Kuwait, now
that oil production had been turned over to the royal family, and he
wondered what the royals would do with their new-found wealth...
The writer never delved into the background of Zapata Oil Company
(indeed, the focus of the article was NOT on Zapata but on Kuwait as a
newly emerging nation), so no mention of the Bush family was made; indeed
at the time, the name would not have meant much of anything to the
general reader of National Geographic...
But I wonder if a similar article would manage to get published
today...or would all those references to Zapata Oil, and how it now has
monopoly rights to Kuwaiti oil, fall victim to the censor?
Knowing the cozy relationship that Zapata Oil has with the Kuwaiti royal
family, and how it has monopoly rights to ship the oil out and sell it to
refineries (pocketing the profit for itself), puts a whole new spin on
Bush Sr's being so ready to intervene on Kuwait's behalf against Iraq
back in 1991...
June
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