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To: dandelion

Will do.


193 posted on 10/10/2004 1:10:36 PM PDT by Fedora
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To: Fedora

And here we have the word that WYATT IS A "LIFELONG DEMOCRAT"

http://www.hcn.org/servlets/hcn.Article?article_id=4069

He built an oil empire

By many accounts, Wyatt, a lifelong Democrat, is a colorful and hard-driving character.

According to the Houston Chronicle, Wyatt, a mechanical engineer by training, started the Hardly Able Oil Co. in 1951 on an $800 loan, using his 1949 Ford as collateral.

In 1955, he founded Coastal States Oil and Gas Co., gathering gas from small producers and combining it with Coastal?s gas before selling the gas in large quantities to big pipelines. Coastal States had revenues of $12 billion in 1996, with net profits of $402 million.


As he built Coastal Corp. into the nation?s 12th-largest oil company, an empire that includes 1,700 gas stations and natural-gas pipelines across Colorado and Wyoming, Wyatt regularly dragged his opponents, and even his allies, into court. In 1984, for example, he sued a Venezuelan oil company, claiming the company was trying to drive his company out of business.

More recently, he got bad publicity on a global scale, as Coastal Corp. or its subsidiaries attempted major oil deals with Muammar Qaddafi of Libya and Saddam Hussein of Iraq.


"Oscar Wyatt would sup with the devil if he could make money from it," wrote Forbes Magazine columnist Toni Mack in 1996. At a display of the Russian crown jewels in Houston last year, Wyatt?s wife, socialite Lynn Wyatt, described her husband as having a lot in common with Czar Peter the Great.

Wyatt stepped down as chairman of Coastal Corp. last year, but has remained on the corporation?s board of directors. At last year?s gathering of Coastal Corp. stockholders, a video tribute to Wyatt offered praise from both the right (Bob Dole) and the left (Jesse Jackson).


194 posted on 10/10/2004 1:14:35 PM PDT by dandelion (http://johnkerryquestionfairy.blogspot.com/)
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