Powered by eeNation.com
History of Oil
World Oil Giants
US Oil Giants
George W. Bush formed his own oil drilling company, Arbusto Energy, in Midland, Tex. James R. Bath, a friend and neighbor, was used to funnel money from Osama bin Laden's brother, Salem bin Laden to set up George W. Bush in the oil business, according to The Wall Street Journal and other reputable sources.
Salem bin Laden, a close friend of the Saudi King Fahd had "invested heavily in Bush's first business venture," according to The Daily Mail (U.K.).
Bath found investors for Arbusto and "made his fortune" by investing the money of two BCCI-connected Saudi sheiks, Khalid bin Mahfouz and Salem bin Laden. Mahfouz was one of the richest men in the world and a controlling shareholder in BCCI.
Note: BCCI was not a bank. It was a drug and weapons conduit and money laundering operation fronting as a bank
Bill White, a former real estate business partner of Bath, said: "He had put up $50,000 to help George, Jr., get started in oil business" at a time when "Bath had no substantial money of his own," according to The Outlaw Bank. Shortly after Bush's father was appointed director of the CIA, Salem bin Laden appointed Bath as his business representative in Texas. (American Free Press, 10-07-01)
Accusations appeared that entrepreneur James R. Bath guided money to Houston from Saudi investors who wanted to influence US policy under the Reagan and Bush administrations. Tax documents and personal financial records show that Bath personally had a 5 percent interest in Arbusto '79 Ltd., and Arbusto '80 Ltd., limited partnerships controlled by George W. Bush, President Bush's eldest son. Arbusto means 'bush' in Spanish. Bath invested $ 50,000 in the limited partnerships, according to the documents.
....................................................................For more on Bush with Oil > Click Here