The DeLay-Abramoff era in DC may be a thing of the past, but the investigations into flagrant GOP corruption continue. Now, word leaks out that the Casino Jack probe has targeted another official in Dubya’s Interior: J. Stephen Griles. “Griles was a controversial figure at Interior, strongly criticized by the department’s inspector general for maintaining ties to energy and mining companies that were once his lobbying clients.“
Tag: Energy
Scandals du Jour.
Another week, another GOP scandal. This time, it involves Pennsylvania congressman Curt Weldon, whom the FBI is now investigating for lobbying improprieties involving the business of his daughter and political ally Charles Sexton. “The investigation focuses on Weldon’s support of the Russian-managed Itera International Energy Corp., one of the world’s largest oil and gas firms, while that company paid fees to Solutions North America, the company that Karen Weldon and Sexton operate.” And, if that weren’t enough, the House Page Board is now looking into veteran congressman Jim Kolbe for a camping trip he took with former pages in 1996, adding further to the increasing number of once-safe GOP seats now in contention in three weeks. Update: More on the Weldon investigation and Kolbe allegations.
The bagmen feel neglected.
In related news, as the battle for control of the House tightens, the GOP’s K-Street cronies find they’ve been put on hold to make way for terror terror terror schtick. “This bottleneck has disappointed and angered organizations that have worked closely with the GOP and have won many legislative benefits. Oil and gas producers, for instance, had high hopes of adding to their legislative gains the opening of drilling on the Outer Continental Shelf.“
Lay to Rest.
In a surprising coda to the Enron trial, company founder, presidential confidant, and recently convicted felon Ken Lay died this morning of a heart attack. His dubious legacy: “Enron’s bankruptcy filing cost thousands of workers their jobs, spooked investors into doubting the integrity of the stock market and spurred lawmakers to enact the most significant changes to corporate practices in more than 70 years.“
Lay Down / The Skilling Moon.
“‘Enron is one of the great frauds in American business history,’ said James Post, a professor of management at Boston University. ‘But it is also a symbol of a particular era of management practice.’” In a strange confluence of ill omens for the current administration, a jury finds finds Enron heads Ken Lay and Jeff Skilling guilty on multiple counts of conspiracy, wire fraud, and securities fraud, with sentencing set for 9/11. For their part, Lay and Skilling immediately began talking appeal, but perhaps that’ll be unnecessary. After all, surely “Kenny-Boy” can wrangle a pardon from his boy Dubya, particularly after he spent all that time crafting Dubya’s energy policy.
Alternative Energy Source.
“‘We need lower gas prices and energy independence. Republican leaders have proposed the same old solution: drill, drill, drill. But drill, drill, drill is not going to deliver the results we need.'” The Dems pitch their energy plan, which would “revoke subsidies for the oil industry, increase subsidies for the renewable fuels industry and restore aid to low-income Americans struggling to pay energy bills…But the Democrats, who do not control crucial committees or the schedule that brings legislation to the floor, appear to have scant hope of passing their proposals.” Update: The Post has more.
Malreports from Minitrue’s Recdep.
“In short, more than one of every three documents removed from the open shelves and barred to researchers should not have been tampered with.” A recently-completed audit into the formerly secret Archives reclassification program finds that many more files were reclassified — and reclassified wrongly — than previously suggested. “In February, the Archives estimated that about 9,500 records totaling more than 55,000 pages had been withdrawn and reclassified since 1999. The new audit shows the real haul was much larger — at least 25,515 records were removed by five different agencies, including the CIA, Air Force, Department of Energy, the Federal Emergency Management Agency and the Archives.“
Tiger in the Tank?
“Nobody’s happy with gasoline prices being where they are.” As GOP congressional leaders experience buyer’s remorse over the oil industry tax breaks they passed last year, Jacob Weisberg (who, it should be noted, could take the Metro to work if so desired) argues the virtues of more expensive gasoline: “To be sure, oil at $70 a barrel causes hardships for working people and delights some of the world’s worst dictators. But cheap gasoline imposes its own costs on society: greenhouse gas emissions, air pollution and its attendant health risks, traffic congestion, and accidents…Sustained high prices will bring about behavioral and political changes: energy conservation, public transportation, less exurban sprawl, and eventually the economic viability of alternative fuel sources such as biomass, fuel cells, wind, and solar power, which may one day undermine the power of the oil oligarchs. Are politicians too stupid to understand this, or just smart enough not to say it aloud?“
Gouge Away.
Feeling the heat from his nose-diving poll numbers (and spurred by GOP congressional leaders’ desperate pleas for political cover), Dubya announces a probe into high oil prices (and sings the praises of ethanol like it was a week before the Iowa primary.) Ok, but if our oilman–president (who, to be fair, failed at both callings) really wants to get the bottom of the situation, it’d be nice if he’d look into not only oil company price-gouging but also exactly what went on at Cheney’s infamous Energy Task Force meetings…
Enron’s End Run.
“Fastow, in a nervous but steady voice, spent most of his first six hours on the stand describing quid pro quo deals he arranged with Jeffrey K. Skilling, then Enron’s chief executive. He said Skilling was so obsessed with making the company look good for Wall Street that Skilling approved of sham deals that helped the company meet its earnings targets while Fastow…personally skimmed millions of dollars off the transactions.” Following last week’s damning testimony by Kevin Hannon (“They’re on to us“), former Enron Chief Financial Officer Andrew Fastow took the stand yesterday as part of a plea deal. The prosecution’s star witness in the Enron case, Fastow is “also prosecutors’ most personally tainted witness, a man who admitted to stealing and involving his wife in fraud and who described himself Tuesday as sometimes ‘obnoxious’ and ‘opportunistic.’” Sounds like he was in good company. Update: On Day 2, Fastow implicates Ken Lay, and the defense sharpen their knives.