>The Baku pipeline is hardly an isolated example. Under the energy >plan developed by Vice President Dick Cheney, the Bush administration >is financing a growing number of overseas projects for private oil >companies. In theory, the money provided by two U.S. agencies -- the >Export-Import Bank (Ex-Im) and the Overseas Private Investment >Corporation (OPIC) -- is supposed to boost trade and create jobs. But >in practice, say critics across the political spectrum, the agencies >enrich a handful of well-connected oil companies. "The majority of >Ex-Im Bank funding benefits large, politically powerful >corporations," says Rep. Ron Paul, a Republican from Texas.
This is all sickening. I wonder what percentage of these loans are repaid. It isn't that I expected anything other than a corrupt view of US energy policy on the part of the Bush Administration, I just never expected it to be so blatant. E-M, C-T, et. al. have bought 6 out of the last 14 years of U.S. Presidencies and are basically dictating, in some respects U.S. foreign policy. Ron Paul used to be a Libertarian, the only one in Congress. I'm not saying that's "great" but that's sort of why he ends up being the "Republican" in-house critic. Thx for the article. Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Biofuels list archives: http://archive.nnytech.net/ Please do NOT send Unsubscribe messages to the list address. To unsubscribe, send an email to: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
