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View Diary: Putin is their GUY. (17 comments)

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  •  Russia's oil wealth (3+ / 0-)

    was opened up by the Koch family and the Koch family got rich from the Stalin regime. Then 20 years later Fred Koch flipped and was a founder of the John Birch Society.

    The secretive oil billionaires of the Koch family, the main supporters of the right-wing groups that orchestrated the Tea Party movement, would not have the means to bankroll their favorite causes had it not been for the pile of money the family made working for the Bolsheviks in the late 1920s and early 1930s, building refineries, training Communist engineers and laying down the foundation of Soviet oil infrastructure.
    •  Fred Koch went to the USSR because he was in (2+ / 0-)
      Recommended by:
      Claudius Bombarnac, nextstep

      a patent fight with Big Oil in the US. Fred had invented a significantly more efficient way to refine oil into gasoline. Big Oil challenged his patent and he spent more than ten years in patent litigation, which he finally won. Koch turned to the USSR because he was shut out of the US market by Big Oil. After he won his patent fight Fred returned to the US where his method of refining oil into gasoline became nearly universal. Fred left a successful company to his four sons, but it was the two who now run Koch Industries, David and Charles, who grew the company by an order of magnitude to one of the largest private companies in the US.

      "let's talk about that"

      by VClib on Tue Mar 04, 2014 at 09:50:08 AM PST

      [ Parent ]

      •  ExxonMobil is now going to Russia to teach them (3+ / 0-)
        Recommended by:
        T Maysle, FiredUpInCA, VClib

        how the frack the largest shale oil reserve in the world - the Bazhenov shale formation. Because of older wells in the area, there is extensive pipeline connectivity which will allow quick marketing (and big bucks for them - $500 billion).

        Here's 'Don't frack in my backyard' Rex Tillerson in a photo opp with Putin:

        Russia's President Vladimir Putin (R) and ExxonMobil Chairman and CEO Rex Tillerson (L) attend at the ceremony of the signing of an agreement between state-controlled Russian oil company Rosneft and ExxonMobil in the Black Sea port of Tuapse on June 15, 2012.

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