Hunt Oil

Floor Speech

HUNT OIL -- (House of Representatives - September 19, 2007)

Mr. WELCH of Vermont. Mr. Speaker, while President Bush is asking Congress and the American people to give his failed policy in Iraq more time, even some of the President's closest allies don't believe the strategy will work.

Last week, it was reported that Hunt Oil Company of Dallas, Texas had signed an oil exploration and production deal with the Kurdish Regional Government. That Hunt Oil Company is owned by Ray Hunt, major campaign supporter of President Bush and a member of the President's Foreign Intelligence Advisory Board. His decision to bypass the Iraqi Government in Baghdad and negotiate directly with the Kurds shows his lack of confidence that Iraq will develop a functioning government in the near future, and it undermined important efforts for the Iraqi oil sharing law, which collapsed last week.

While President Bush is asking our Nation to sacrifice more of our brightest young soldiers and to spend hundreds of billions more in taxpayer dollars in pursuit of his Iraq strategy, one of the President's closest allies and advisers is betting that his strategies will continue to fail and, in fact, is looking to profit from it.

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