Skip to comments.PEARCE: Jerry Brown, oil baron(CARB imposed monopoly?)
Posted on 10/14/2010 2:18:27 PM PDT by Califreak
In a nutshell: After Jerry's father, Pat, left the governorship in 1967, he was introduced to the Indonesian generals who had just overthrown the country's post-colonial dictator, Sukarno, and set up a military junta. The former governor was able to cobble together a consortium of banks that lent $12 billion to the junta - "a lot of money in the late '60s," Mr. Walters said. The banks were interested in the immense Royal Dutch Shell petroleum holdings in Indonesia, which Sukarno had nationalized and the junta controlled.
The grateful generals then set up two trading firms - one in Hong Kong and one in California - that handled the oil-exporting paperwork and were rewarded with a fee for each barrel, "a little taste, as they might say in the Mafia," Mr. Walters said with a grin. Pat Brown was given 100 percent ownership of the California brokerage and half-ownership of the Hong Kong office. The deal was a very lucrative one because California's early clean-air standards set a sulfur limit for the fuel burned in power plants - a limit only the clean, low-sulfur oil from Indonesia could meet.
Chevron had just finished building a refinery in El Segundo that was designed to process Alaskan crude to compete against Indonesian oil for the California power-plant market. Before the facility could refine a barrel of North Slope crude, however, Jerry Brown's Air Resources Board - headed up by his former campaign manager, Tom Quinn - passed a new air-quality standard for sulfur just barely too high for Chevron to meet with Alaskan oil. That cemented the Indonesian monopoly, and the Brown family, as the only oil provider to the California power industry.
(Excerpt) Read more at washingtontimes.com ...
Lets see how long its takes for the Meg Hater / Brown Troll patrol to APPEAR ??????
What disturbs me is his use of CARB connections to create a monopoly of sorts.
I bet the MSM has never mentioned a whiff of any of this.
A corrupt bargain for the ages.
created a monopoly that enriched him and his family to boot.
How about THAT?!!
Its a SOROS backed PONZI scam that has WIPED OUT Europe’s ability to compete.
Jerry and his lefty buddies ( Soros , Gore, Hollywood Billonaires )plan to SOAK the poor souls in California.
If Moonbeam wins and this scam is set up, the state is doomed.
I wonder if that is why he won’t release his tax returns
This is the mother of all conflict of interests, he used his power in office to enrich hiself and his family.
Just sent it to the John and Ken Show
I wish I could send this to Mark Levin.
Pinging the great one.
Thanks. He’s probably got bigger fish to fry, but it’s worth a shot.
I have said before that liberals make money from oil too, but they don't like people to know about it.
I’m shocked. I mean, after all the leftist shouting about Cheney, Bush, Halliburton, BIG OIL! I’m just shocked!
Jerry Brown - Uber Hypocrite