Connect with us

Big League Economics

Koch Heads: Billionaire ‘Libertarians’ Lobbied Alaskan Government to Bailout Their Failing Oil Refinery

Published

on

Billionaire brothers Charles and David Koch pleaded with government officials for a bailout of a failing North Pole oil refinery that they purchased in 2003.

“The Koch’s own a few refineries in the United States including the Flint Hills Refinery in Fairbanks. In 2003, they paid $265 million in purchasing the refinery from the Williams Companies,” wrote Alaskan journalist Andrew Halcro in 2009. “Less than three years later, Flint Hills began asking for relief from the Murkowski administration. In Februrary of 2006, Flint Hills sent a letter to the state asking for a change to their oil supply contract with the state so that payments owed wouldn’t be required.”

The Koch’s are notorious for their public opposition to “big government.”

Trending: New Mexico Bureaucrat Arrested for Vandalizing State GOP Headquarters

“These are bothers who have established themselves as staunch Libertarians,” wrote Halcro. “Defenders of the free market and generous benefactors to such notable free market advocacy groups as the Cato Institute, to whom together, the brothers have donated over $21 million.”

take our poll - story continues below

Should Mitt Romney be EXPELLED from the U.S. Senate by the GOP for his vote to convict President Trump?

  • Should Mitt Romney be EXPELLED from the U.S. Senate by the GOP for his vote to convict President Trump?

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Big League Politics updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

But the Koch’s quietly worked behind the scenes for decades with establishment members of both political parties to enrich themselves at the expense of ordinary Americans. The Alaskan oil refinery is the perfect example.

Halcro wrote:

“Less than three years [after the purchase], Flint Hills began asking for relief from the Murkowski administration. In Februrary of 2006, Flint Hills sent a letter to the state asking for a change to their oil supply contract with the state so that payments owed wouldn’t be required.

In an immediate response, State’s Oil & Gas Director Bill Van Dyke responded by saying that all parties, including Flint Hills, knew the oil supply contract was negotiated in early 2004, that disputes before federal regulatory agencies over pipeline tariffs were likely and could affect the oil price retroactively.

One Fairbanks lawmaker even introduced legislation (SB314) in April of 2006 to prohibit such retroactive billing adjustments in order to help out the home team refinery. The bill died in committee.”

According to Halcro, the Koch’s worked with Gov. Sarah Palin to try to fix their mess, and in 2008 she announced a “Cooperative effort aimed at positioning the North Pole Refinery for success.

The state even considered taking over ownership of the refinery, and letting the Koch’s keep royalties from the profits.

In the end, the Koch’s never received the bailout they were looking for, and the Flint Hills refinery was closed in 2014.

Does this sound like the behavior of so-called libertarians? Of course not. The Koch’s have been part of the establishment uni-party that has crippled the American economy while enriching the elites for decades.

It was all a scam. And President Donald J. Trump knows it. In two consecutive Twitter posts from Tuesday, he said:

“The globalist Koch Brothers, who have become a total joke in real Republican circles, are against Strong Borders and Powerful Trade. I never sought their support because I don’t need their money or bad ideas. They love my Tax & Regulation Cuts, Judicial picks & more. I made………them richer. Their network is highly overrated, I have beaten them at every turn. They want to protect their companies outside the U.S. from being taxed, I’m for America First & the American Worker – a puppet for no one. Two nice guys with bad ideas. Make America Great Again!”

The of the Koch dynasty is near, ushering in a new era of wealth and prosperity for ordinary Americans.

Bypass Tech Censorship!

Facebook, Twitter and Google are actively restricting conservative content through biased algorithms. Silicon Valley doesn't want you to read our articles. Bypass the censorship, sign up for our newsletter now!

Bypass Tech Censorship!

Facebook, Twitter and Google are actively restricting conservative content through biased algorithms. Silicon Valley doesn't want you to read our articles. Bypass the censorship, sign up for our newsletter now!

Have a hot tip for Big League Politics?

Got a hot news tip for us? Photos or video of a breaking story? Send your tips, photos and videos to tips@bigleaguepolitics.com. All hot tips are immediately forwarded to BLP Staff.

Have something to say? Send your own guest column or original reporting to submissions@bigleaguepolitics.com.

You Might Like

Big League Economics

OUT OUT OUT: Study Shows That Each Illegal Alien is Up to a $6,500-Per-Year Burden for the U.S. Taxpayer

The cost of illegal immigration is massive.

Published

on

A ground-breaking new study has shown that illegal immigrants cost the U.S. taxpayer approximately $6,500 per year by soaking up welfare cash and other government benefits after they break the law to enter the country.

The study, commissioned by the Federation for American Immigration Reform (FAIR), showed that that small states are particularly burdened by the illegals, and the money and services are going to aliens instead of veterans, children, and the disabled.

FAIR surveyed ten small states and determined that illegal immigration cost them an average of $454 million per year.

“To put that figure into context, that $454 million expenditure is more than 200 times what the state of Montana budgets for its entire Veterans Affairs program, and it is 2.5 times the total sum that West Virginia invests in its state university,” the report states.

take our poll - story continues below

Should Mitt Romney be EXPELLED from the U.S. Senate by the GOP for his vote to convict President Trump?

  • Should Mitt Romney be EXPELLED from the U.S. Senate by the GOP for his vote to convict President Trump?

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Big League Politics updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Dan Stein, president of FAIR, notes that the native populations of these small states are getting squeezed the most by the burden caused by illegal immigrants. These individuals are essentially being replaced as a once-great nation transforms into a globalist economic zone.

“In many ways, the influx of immigrants into less populous areas of the country has an even greater impact on long-time residents than it does in larger and more urban areas,” Stein said.

“These areas have neither the tax base, nor the economic and social infrastructure to accommodate the needs of the growing numbers of immigrants taking up residence,” he added.

The FAIR study, Small Migrant Populations, Huge Impacts, analyzed Alaska, West Virginia, South Dakota, Vermont, Wyoming, New Hampshire, Montana, Mississippi, North Dakota and Maine to discover their startling conclusions regarding the costs of illegal immigration.

“Many local officials tout immigration, including illegal immigration, as a remedy to economic stagnation. However, as this report reveals, the reality is precisely the opposite,” Stein said.

“Illegal immigration, in particular, drives down wages and inhibits job opportunities for legal residents, while bringing more low-skilled, low-wage workers to these states. In turn, this increases costs to state and local governments, and discourages investment by businesses seeking a skilled labor force and lower overhead,” he added.

FAIR released the following video to accompany their newly released study:

“This report highlights the fact that the adverse effects of unchecked mass immigration, combined with an immigration selection process that does not choose people based on individual merit, job skills and education, are now being felt in all parts of the country,” Stein explained.

“Americans, in every part of the nation, are being affected by antiquated and unenforced immigration policies, which is why it is at the top of the list of voter concerns heading into the 2020 elections,” he added.

Continue Reading
It's time to name Antifa a terror org! Sign your petition now!


You Might Like

Trending