-Caveat Lector-
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-Caveat Lector- The Committee created Saudi Arabia, and the Committee taketh away.In 1983 Hugh Liedtke and Pennzoil began maneuvering to secure control of Getty Oil, 67% of which was owned by a trust set up by Jean Paul Getty's mother, which he managed on her behalf. Getty's Pacific Western Oil owned 50% of the concession in the Neutral Zone between Kuwait and Saudi Arabia, in which the other 50% was owned by a syndicate called American Independent Oil Co. (Aminoil). (See Part 3 for a more detailed discussion of this. (Click.) Getty won the Saudi concession by promising to make the usual payments and expenditures and offering to give King Ibn Saud record royalties for every barrel he pumped. Aminoil, shocked by Getty's high bid, used its connections to FDR through its association with Edwin Pauley to convince the U.S. Treasury to pay $50 million to Saudi Arabia in order to match the Getty offer. Two days after Pennzoil's announcement that it would purchase Getty Oil, Texaco consummated a purchase of all the Getty Oil stock. Pennzoil reacted by bringing suit against Texaco for interfering with its agreement with Getty Oil. Pennzoil emerged with a $3 billion settlement after four years of litigation and a series of favorable court decisions. A major part of the Texaco settlement was used by Pennzoil to purchase shares of Chevron Corporation starting in late 1989 and continuing through the early 1990s. In 1992 Pennzoil traded almost half of its Chevron stock for a $1.1 billion package of domestic oil and gas properties owned by Chevron. You may recall from Part 3 that the Saudi Arabia consortium called Aramco was composed of the old Standard Oil company based in California--Socal--and Texaco. Socal would later be called Chevron and would merge with the Mellons' Gulf Oil, for which the Liedtkes' father had worked all his life. (2)----- Original Message -----From: [EMAIL PROTECTED]Sent: Thursday, November 07, 2002 8:23 PMSubject: [LOCT] Saudi 'payoffs' to bin Laden documentedI always wondered why Saudi Arabia was never atacked even though they
ousted bin Laden. Now we know. What a bunch of weenies.
There must be more to this story.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$}
GEOSTRATEGY-DIRECT INTELLIGENCE BRIEF
Saudi 'payoffs' to bin Laden documented
CIA says royal family faces 'increasingly open challenges to its
control''
Posted: November 7, 2002
5:00 p.m. Eastern
Editor's note: WorldNetDaily brings readers exclusive, up-to-the-minute
global intelligence news and analysis from Geostrategy-Direct, a new
online newsletter edited by veteran journalist Robert Morton and
featuring the "Backgrounder" column compiled by Bill Gertz.
Geostrategy-Direct is a subscription-based service produced by the
publishers of WorldTribune.com, a free news service frequently linked by
the editors of WorldNetDaily.
© 2002 WorldNetDaily.com
Authorities in Saudi Arabia paid cash to terrorist leader Osama bin
Laden in the late 1990s, according to intelligence sources. The money
was traced from a bank in the kingdom to accounts run by Osama outside
of Saudi Arabia.
The cash was intended as "payoffs" to bin Laden, who in the early 1990s
was stripped of Saudi citizenship because of his backing for Islamist
terrorism in Saudi Arabia.
U.S. officials said the payments were not intended as support for bin
Laden's activities but were used as a payoff for al-Qaida not to conduct
operations against the Saudi royal family. The amounts are said to have
been in the hundreds of thousands of dollars but the exact figure could
not be learned.
The current status of the Saudi funding is not known but U.S. officials
said they believe the funding stopped after al-Qaida's attacks on U.S.
embassies in Kenya and Tanzania in 1998.
The payments were similar to other cash payments made covertly to other
terrorist groups with the aim of preventing attacks on Saudi leaders.
A CIA report to Congress made public last month stated that the Saudi
royal family is facing "increasingly open challenges to its control."
"These include opposition from disparate elements hostile to the Al Saud
[family] and the U.S. military presence, lack of job creation, a rapidly
growing population and over reliance on oil income for government budget
revenues," the report said.
One senior intelligence official said the kingdom's future is not bright
and that the royal family could be ousted within five years.
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http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=29584
<A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply.Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html">Archives of [EMAIL PROTECTED]</A>
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