The Hunt for Oil
Does it surprise you that the first company to sign an oil deal with Iraqi Kurds is Hunt Oil, a company with very close ties to Bush and our country’s intelligence infrastructure?
Texas’ Hunt Oil Co. and Kurdistan’s regional government saidSaturday they’ve signed a production-sharing contract for petroleumexploration in northern Iraq, the first such deal since the Kurdspassed their own oil and gas law in August.A Hunt subsidiary,Hunt Oil Co. of the Kurdistan Region, will begin geological survey andseismic work by the end of 2007 and hopes to drill an exploration wellin 2008, the parties said in a news release.
Nope. It doesn’t surprise me, either. But I am interested in what it portends for long-term plans in Iraq.
First, some background. The Hunt family that owns Hunt Oil (it’s privately held, so we don’t get to scrutinize financial statements) is one of the big money Texas donors behind the Bush family political empire. Ray Hunt, the current chair of the company, is also on the board of Halliburton and the King Ranch, meaning he probably knows to duck when he goes quail hunting with Dick Cheney. Hunt is also on the board of trustees for Shrub’s new presidential library, which has Read more →

