However, the Bahraini announcement of the off shore drilling contract boosted the value of Bush's shares several fold. It was designed to put a large amount of money in Bush's hands.
That it was basically a scam is shown by two factors: a) Harken had no off shore drilling experience, and b) Harken never drilled a single well off shore in Barhain on the basis of that contract.
[Sometimes I think that a Republican President could murder someone in view of witnesses and most Freepers would find a way to deny or excuse it].
I'm going to withhold judgement until I see a chart showing the stock before the Bahraini announcement and up thru Bush's sale.
That it was basically a scam is shown by two factors: a) Harken had no off shore drilling experience, and b) Harken never drilled a single well off shore in Barhain on the basis of that contract.
So, if a company has no offshore drilling experience, they never get any? Someone had to drill the first offshore well. Couldn't they hire engineers and oil men with the necessary experience?