Are Bush and Cheney REALLY profitting off of everyone's misery at the gas pumps?

Question

There is a rumor floating around that Cheney is top man of Haliburton with Bush directly underneath (Haliburton is one of the top petroleum leaders in our nation).

But I spoke to an elderly gentleman last week who told me that both Politicians had to dissolve their interests when assuming control of the government.

If Bush and Cheney still make money off Haliburton, doesn't it stand to reason that they are profitting off of every other American's misery as they pay more than $4.00 (national average) at the gas pumps?

And if you answer that they DID indeed dissolve their interests with Haliburton, can you please provide a length that will confirm this for me so that I can believe it?

Answer 1

"Bush has had his holdings managed by a blind trust since 1995, when he was elected governor of Texas. Northern Trust, the trust manager, makes investment decisions without his knowledge. The arrangement is designed to avoid conflicts of interest."

Answer 2

http://www.corpwatch.org/article.php?id=...

http://www.envirosagainstwar.org/know/re...

http://www.projectcensored.org/top-stori...

http://www.commondreams.org/views05/1117...

http://aftermathnews.wordpress.com/2008/...

http://www.thecarpetbaggerreport.com/arc...

Answer 3

neither have anything to do with haliburton

Cheney did but resigned before taking the VP posistion

Do your own research, its not my job to prove things that are already well known.

BTW- there are several top dems that own oil stock and are making a killing.

Clintons

Pelosi

Kennedy

just to name a few

Answer 4

This is rumor started by the Democrats so they can be in power.  The gas prices are not Bush's fault. Housewives driving Suburbans and Navigators are part of the problem. Auto makers who keep increasing power at the expense of milage are part of the problem as are people who drive around just for the sake of driving. So don't believe the BS until you do your own research.

Answer 5

Both are massively invested in oil companies so they do make money off high gas prices.  But they were making money off oil long before the prices got this high.  They are both millionaires many times over because of oil.

But on that note so are hundreds of other elected officials across the country, from every political wing.

Answer 6

First of all, Halliburton is a services company, not a "petroleum leader". They do not sell oil and, if anything, are hurt by rising fuel costs.

Secondly, rather than providing you a length (link?), I'd say that you should provide us a link to these so-called rumors. It was well documented prior to the 2000 election that Cheney had to put his investments into a blind trust, and Bush was never employed by Halliburton.

Answer 7

Bush and the Bush family  has more connections with oil then the oil companys do themselves...

http://www.washingtonpost.com/wp-srv/pol...

Former President George H.W. Bush’s personal ties to the oil industry date back to 1950 when the Bush family encountered the first of many forks linking oil and politics. That fall, banker Prescott Bush, President Bush’s father, ran for the U.S. Senate from Connecticut, mounting a strong but unsuccessful challenge to a popular Democratic incumbent. At about the same time, his son, a decorated World War II veteran and newly minted Yale graduate, launched his first oil company in Midland, Texas.

http://www.consortiumnews.com/2000/08140...

Answer 8

First off Cheney was President of Halliburton before he was offered the Vice-Presidency.  He was already retired from Halliburton at this time.  President Bush never worked for Halliburton.  All of their stock and financial holdings were placed in a blind trust so that they would not be influenced by their own holdings.  Right now, after 7 and 1/2 years in office they probably cannot tell you what stocks they own.  The person or company managing the trust is the only one who knows.

Are you aware of how large a portion of the US have stock in petroleum companies?  Do you have a 401K?  If you do then you are profiting off the high prices.  Anyone who has stock in an oil company is profiting.  Do you want prices to continue to rise so you can have higher stock prices and make more money?

Answer 9

Absolutely!  The whole country is blind, deaf, and dumb to reality.  That's because there is so much propaganda about the reasons for the rising cost of gas, oil, and the market, they could make you believe almost anything if they tried hard enough.  The oil corporations own EVERYONE, politicians, media, judges, senators, congressmen, mayors, etc!  They are infiltrated entirely into this countries political and business system.  Hardly a politician of any sort can win office without support of the corporation’s money (including the oil companies).  Bush's family is deep in oil, his ambition was always to aid the corporations (never the people).  He even help to bring down his own Republican party because of his stubbornness about the Iraq war and invading Iraq to keep the oil currency trading in dollars instead of Euros like Sadam had decided.  Oil companies would have lost hundreds of millions of dollars.  It was imperative that oil continued to trade in US dollars.  Bush has always supported and would never go against big oil.  Since than they have gained complete control over the world market.  When price gouging within the US drew protests and threats of legal action, they started to manipulate the market (Wall Street).  Now that is under investigation by a U.S. regulatory probe into potential oil-market trading abuses which is focusing on possible short-term manipulation of benchmark crude prices.  Who knows it will do any good?  Have you ever seen Bush even once ever stand up and say what he might do about the rising gas prices?  Of course not, he would never bite the hand that feeds.  Any president or official that is linked to big oil will never do anything as well.  Hopefully the next president will not have those kinds of ties to corporations.  But by than, gas may already be $6 and oil closing in on $200 a barrel.  Anyone who thinks this is all a matter of supply, demand, and shortages is one big fool indeed who deserves to have their pockets picked for every dollar of gas they buy!  Wake up people!