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OIL RELATED MONEY RELATED 1782
Jan 7, The 1st 1791
James Madison opposed the plans of Alexander Hamilton for a National Bank. [see 1780-1792, Banning
book on 1792
Apr 2, Congress passed the Coinage Act, which authorized establishment of the U.S. Mint. It established
the US dollar defined in fixed weights of gold and silver. State chartered banks issued paper money convertible to gold or
silver coins to ease business transactions. 1799
Sep 1, Bank of Manhattan Company opened in NYC. It was the forerunner to Chase Manhattan. The Bank of the Manhattan Company had been founded in 1799 by Aaron Burr, and Chase National Bank was named for but never connected to former United States Treasury Secretary and Chief Justice Salmon P. Chase. http://en.wikipedia.org/wiki/Chase_Manhattan_Bank On July 11, 1804, Aaron Burr shot and fatally wounded Alexander Hamilton in their duel in Weehawken, New
Jersey. The bullet entered Hamilton below the chest, and he died the following day. Burr was
later charged with murder in two states but never tried in either jurisdiction. He escaped to South Carolina, then returned to Washington D.C. and completed his term of service as Vice President. http://en.wikipedia.org/wiki/Aaron_Burr 1811
In the 1854
Apr 3, The SF Mint opened at 1859
Aug 27-28, The 1861
Aug 5, The 1862
Mar 10, First 1862
Jul 1, Abraham Lincoln instituted an income tax to pay for the Civil War. The US Internal Revenue
Service (IRS) was founded. Internal Revenue Law imposed federal taxes on inheritance, tobacco & a progressive rate on
incomes over $600. 1866
The 1882
Jan 2, Because of anti-monopoly laws, Standard Oil was organized as a trust. 1891
Aug 5, The 1st travelers checks were issued by American Express. 1895 May 20, The 1900
Standard Oil Co. acquired Pacific Oil Co. 1901
Jan 7, 1902
The Texas Fuel Co. was founded. It soon changed its name to the Texas Co. and eventually became Texaco. 1907
Feb 26, Members of US Congress raised their own salaries to $7500. 1907 Dec, The 1908
Oil was discovered in 1909
Congress proposed the 16th Amendment to the Constitution, which proposed an income tax. It was ratified
in 1916. 1911
May 15, The Supreme Court ordered the dissolution of Standard Oil Company, ruling it was in violation
of the Sherman Antitrust Act. The anti-trust suit led to the dissolution of Standard Oil Co. of John D. Rockefeller. From
its remains 34 new companies were formed that included Exxon, Mobil, Amoco, Chevron, Arco and Conoco. Rockefeller’s
quarter interest in the parent turned into a quarter interest in all the offspring. 1913
Mar 1, The US Federal income tax took effect (16th amendment). 1913 Dec 23, The Federal Reserve Act was signed by Pres. Woodrow
Wilson. The Owen-Glass Act established the decentralized, government-controlled banking system in the 1914
Apr 2, Federal Reserve Board announced plans to divide country into 12 districts. [see 1923 The 1927
Oil was discovered near 1929
Oct 24, Black Thursday—the first day of the stock market crash which began the Great Depression.
Stock values collapsed and 13 million shares changed hands as small investors frantically tried to sell off their holdings.
Thousands of confused investors and brokers were ruined and banks, which had also invested heavily in the market, failed when
they could not produce enough cash on demand for angry depositors. The 3 cent Brooklyn Daily Eagle reported the crash along
with a story on the trial of a former banking superintendent for taking a $10,000 bribe for not inspecting some insolvent
banks. 1929
Oct 29, The DJIA dropped 11.7%. "Black Tuesday" was the worst day of the market crash as panicked
survivors dumped 16 million shares on the market. Clerical workers stayed up all night to find that $30 billion in paper value
had been wiped out in one day. Prices collapsed amid panic selling and thousands of investors were wiped out as 1932 Feb 27, The Glass-Steagall Act was passed, giving the Federal
Reserve the right to expand credit in order to increase money circulation. It separated regular banks from investment banks.
Senator Carter Glass (d.1946 at 88) of 1932
Jul 31, The George Washington quarter went into circulation as a 200 year commemorative of G. Washington’s
birth. It has been in use ever since. 1932
May 31, Socal, formerly Standard Oil of California, discovered oil in 1933 May, 1933
Apr 19, The 1933
Jun 16, US Federal Deposit Insurance Corporation (FDIC) became effective. 1936 Jan, Standard Oil of California found some gas and oil at their
1st Saudi Arabia test well, Damman No. 1. 1936 Mar 3, Standard Oil of 1936 The Texas Co. joined Standard Oil in 1943
Two American oil firms decided to expand their refinery in 1943
Jun 9, "Pay-as-you-go" (withholding) 1944
Jul 1, Delegates from 44 countries began meeting at 1945
Dec 27, The International Monetary Fund and the Bank for Reconstruction and Development was created.
28 nations signed an agreement creating the World Bank. Better known as the World Bank, the IMF was created to promote healthy
international trade and began transactions in 1947. The World Bank was designed by Englishman John Maynard Keynes and American
Harry Dexter White. 1952
Apr 15, Franklin National Bank issued the 1st bank credit card. 1953
Mar, The US CIA’s 1955
Mar 31, Chase National (3rd largest bank) and Bank of the Manhattan Company (15th largest bank) merged
to form Chase Manhattan. 1955
Aug 12, Pres Eisenhower raised the minimum wage from $0.75 to $1 an hour. 1955
Sep 26, The New York Stock Exchange suffered $44 million loss, the heaviest one-day loss since 1929
following word that Pres. Dwight D. Eisenhower had suffered a heart attack. 1960
Sep 14, 1964-1992
Texaco dumped some 18 billion gallons of toxic waste into open pits, estuaries and rivers and allegedly polluted some
2.5 million acres of pristine rain forest. Texaco merged with Chevron in 2001 and a suit over the toxic waste went to trial
in 1968
Mar 15, The 1968
The Federal National Mortgage Association (Fannie Mae - FNMA), established by the government in 1938,
became a private, shareholder-owned company. 1970
The US government created Freddie Mac as a 2nd buyer of home loans. 1972
Jun, 1973
Nov 16, President Nixon signed the Trans Alaska Pipeline Authorization Act into law. Oil companies
formed a consortium that gave British Petroleum 50.1% control of the pipeline. 1973
Dec 23, 6 1973
Oil was discovered off the coast of 1978
1979
Jun 28, OPEC raised oil prices 24%. 1980
Sep 22, 1980
The US Monetary Control Act deregulated interest rates. 1983
Fred J. Cook (1911-2003) authored "The Great Energy Scam," an examination of the oil companies. 1984
Socal purchased Gulf Oil and its extensive operations in 1986
Apr 3, 1987
Oct 19, U.S. Navy warships disabled the 1st of 3 Iranian oil platforms in the
1987
Jun 2, President Reagan announced he was nominating economist Alan Greenspan to succeed Paul Volcker
as chairman of the Federal Reserve Board. 1987
The 1988
Apr 18, The 1989
Aug 17, The Commerce Department reported the 1990
Aug 2, 1990
Aug 7, President Bush ordered 1990
Oct 18, 1991
Jul 17, The US Senate voted 53-to-45 to give itself a $23,200 pay raise while at the same time banning
outside speaking fees. 1992
Texaco quit drilling in 1993
Jun 23, UN authorized a worldwide oil embargo against 1994
Aug 11, A 1994
Mar 22, The Federal Reserve for fear of inflation announced it was raising short-term interest rates
from 3.25 to 3.5 percent, the second such boost of the year. By Nov the 10-year bond rate rose to 8% from about 5.4% the previous
September. 1994
1995
1996
May 16, UN and Iraqi officials reached a tentative agreement to resume oil sales of $4 billion a
year to buy food and medicine. The oil for food program mandated that 13% of the UN resources go to northern Kurdish areas.
In 2004 it was reported that illicit trade agreements with neighbors netted 1996
Aug 23, It was reported that British Petroleum signed a 3-year agreement with the defense ministry
of Columbia for $60 mil. for a battalion of soldiers to protect expansion and construction of new drilling sites. 1996
May 16, The US Treasury Dept. announced planned to issue a new type of government bond that would
protect investors from inflation and help government finance the national debt. The new bond would offer returns that would
rise and fall in line with inflation. 1998
Aug 14, In 1998
Aug 17, The Federal Reserve Board approved the megamerger of NationsBank and BankAmerica. 1999
Jan 1, The BAFFLING countries, 1999 Jul 15, The 1999
Nov 12, Pres. Clinton signed a measure knocking down Depression-era barriers and allowing banks,
investment firms and insurance companies to sell each other’s products. 2000
Oct 13, Chevron announced plans to acquire Texaco in a deal valued at $37 billion. Chevron and Texaco
agreed to merge on Oct 15 for $35 billion in stock and $7.5 billion in debt. 2000
May 3, The Euro fell below 90 cents to the dollar for the first time. 2001
Aug 20, Four oil companies (Chevron, Shell, Texaco and Unocal) agreed to clean up MTBE contamination
in 2001
Nov 6, The Federal Reserve lowered interest rates for the 10th time this year. The half point drop
put the benchmark fed funds rate to 2% and the discount rate to 1.5%, its lowest level in 40 years. The DJIA rose 150 to 9591.
The Nasdaq rose 41 to 1835. 2001-2003
Cuba ran up an oil debt to 2002
World oil production reached nearly 67 million barrels per day. 2002
The average CEO in the 2003
Feb 8, Tens of thousands of Venezuelans marched in support of 9,000 oil workers fired for leading
a two-month strike against President Hugo Chavez that battered the economy of this oil-dependent nation. 2003
Jan 15, The Bush administration said the 2003 budget deficit will exceed $200 billion and probably
go over $300 billion in 2004. 2003 Feb 24, Dan Rather interviewed Saddam Hussein via satellite
and Hussein proposed a live debate with Pres. Bush. Hussein said he would rather die than leave his country and that he would
not destroy its wealth by setting fire to its oil wells in the event of a U.S.-led invasion. 2003
Mar, Oil flow from 2004
Feb 18, The 2004
Apr 28, The 2004
Aug 9, Oil prices for September delivery of light crude hit a record high of $44.98 since trading
began in NYC in 1983. 2004
Sep 11, The 2004
Sep 14, Hurricane Ivan whipped western 2004
Oct 7, Light crude oil for November closed in NYC at a record $52.67 per barrel. 2004
Oct 11, Light crude oil for November closed in NYC at a record $53.64 per barrel. 2004
Oct 14, Light crude oil for November closed in NYC at a record $54.76 per barrel. 2004
Nov 12, It was reported that 2004
Dec 25, President Fidel Castro said a 100-million-barrel crude oil deposit had been discovered off
2004 The new Iraqi government priced local petrol at one American
cent per liter. The policy caused severe shortages as large amounts leaked over to the black market where prices were significantly
higher. Summary Of Corruption Related News For January 2005..........
It Was A Busy Month!
The following news stories are all from January 2005 but are not completely in chronological order. I started with
recent news, but tried to keep related stories together. I didn't test all of the links, however if any don't work,
I imagine that if you google the headline I display, you will find it, because it was a valid link at one point.
This is considered
to be the largest, most complex outsourcing effort of public functions in U.S. Government history. Lockheed Martin was awarded a 5 year deal that, with options, is valued at $1.9 billion dollars. The National Association of Air Traffic Specialists strongly condemns the Federal Aviation's decision to
involuntarily separate 2000 controllers. "Many of our controllers are 3 to 4
years short on retirement, and stand to lose hundreds of thousands of dollars from their pensions," stated Kate Breen, NAATS
President. Lockheed Wins Presidential Copter Contract http://www.guardian.co.uk/worldlatest/story/0,1280,-4763168,00.html Study: Illness, Medical Bills Account For 46% Of Bankruptcies http://www.wrgb.com/news/regional/regional.asp?selection=article_27656 Yet,
Bush is more concerned about us receiving 27% less Social Security benefits in 2052!, something easily fixable without privatization,
which at a cost of roughly $2 Trillion, will cost every American citizen, including children, $6,666.66. ($2T/roughly 300Mil Americans). Entire 1/27: Bush’s Stake Is Huge In In Scarred Falluja, Many Will Ignore Election http://www.swissinfo.org/sen/swissinfo.html?siteSect=143&sid=5502493 Militants Abduct 3 Sr. Iraqi Officials, Behead
A Man And Kill At Least Four Others http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20050108/ap_on_re_mi_ea/iraq http://news.xinhuanet.com/english/2005-01/08/content_2432723.htm Video Shows Allawi Aide Killing http://english.aljazeera.net/NR/exeres/B497F1E0-B459-49CD-BF62-C0EE194E6E69.htm Arabs Say http://news.yahoo.com/news?tmpl=story&u=/nm/20050128/wl_nm/iraq_election_arabs_dc_2 Iraqi Candidate Killed On Videotape http://www.nytimes.com/2005/01/28/international/middleeast/28iraq.html Iraqi Leader
Says Thousands Couldn't Vote http://www.guardian.co.uk/worldlatest/story/0,1280,-4771853,00.html Gorbechev: “ http://www.mosnews.com/news/2005/01/31/gorbacheviraq.shtml Some Iraqis Just Voted For Food http://www.dahrjamailiraq.com/hard_news/archives/hard_news/000192.php Insurgents’ Threats Keep Ramadi Residents From Voting http://www.estripes.com/article.asp?section=104&article=26010&archive=true http://www.turkishweekly.net/news.php?id=3120 Some Experts Fear http://www.grandforks.com/mld/grandforks/news/world/10775183.htm Zarqawi Says 13 Suicide Bombs Hit Targets AP: At Least 31 Die In Election Day Attacks http://www.guardian.co.uk/worldlatest/story/0,1280,-4766054,00.html Summary Of Attacks On Election Day http://english.aljazeera.net/NR/exeres/15F23DED-17B3-4F3F-A1DA-A1E502E1DB74.htm Funny
how the U.S. Corporate media doesn’t report anything beyond “estimates” (U.S.) and “unconfirmed reports”
about the attacks-Is that not news? Civilians dying? It’s great that most didn’t, but don’t ignore facts.
I LOVE when the corporate media actually says the words “TV propaganda” when talking about Arab media. It may be true at times, but take a look in the damn mirror! Example of this: This link used to be titled “Bombers
Attack Iraqi Voters”. Look at it now: http://www.cnn.com/2005/WORLD/meast/01/30/iraq.main/index.html http://www.boston.com/dailynews/030/world/Iraqi_officials_say_no_results:.shtml Iraqi( http://www.lasvegassun.com/sunbin/stories/w-me/2005/jan/30/013002678.html Bush: http://news.bbc.co.uk/2/hi/middle_east/4220551.stm Bush To Take A Bow For http://news.yahoo.com/news?tmpl=story&u=/afp/20050131/pl_afp/usiraqvotebush_050131192303 http://abcnews.go.com/International/wireStory?id=406500 CIA Admits In
case you forgot, we invaded http://www.nytimes/reuters/politics/politics-iraq-usa-congress.html? Wolfowitz Story Falsified (Saddam Torture Victim Lied) http://www.taipeitimes.com/News/world/archives/2005/01/22/2003220487 An Estimated 5,500 Soldiers Have Deserted Since Cheney Says http://www.reuters.com/newsArticle.jhtml?type=politicsNews&storyID=7385089&src=rss/politicsNews http://news.bbc.co.uk/2/hi/americas/4180087.stm http://hosted.ap.org/dynamic/stories/I/IRAQ_US_LOSSES?SITE=TXSAE&SECTION=MIDEAST&TEMPLATE=DEFAULT This
is the third month that Former Enron Chiefs “May” Stand Trial In September http://news.ft.com/cms/s/9c8f0ef4-7454-11d9-a769-00000e2511c8.html I’m
speechless on this one…… Enron Made Over $1.6Billion On Western Energy Crisis Good Source For Enron-Related News: http://www.chron.com/content/chronicle/special/01/enron/ Some Things About Enron We Shouldn’t Forget: Nov. 1993: http://www.cooperativeresearch.org/timeline.jsp?timeline=complete_911_timeline&theme=oil#a0698enron U.S.
Companies Eye Trans-Afghan Pipeline http://www.myafghan.com/news2.asp?id=577434660 Military Facing Budget Gap With Halliburton The top Related News: Halliburton Poised For Q1 “Upside Surprise” http://www.forbes.com/markets/economy/2005/01/31/0131automarketscan13.html Audit: $9 Billion Unaccounted For In http://story.news.yahoo.com/news?tmpl=story&cid=540&ncid=736&e=5&u=/ap/20050130/ap_on_re_mi_ea/iraq_funds Halliburton The Big Winner From http://feeds.bignewsnetwork.com/?sid=23ed1b69eda9c34d 10,252 US Troops Total Wounded; 5,396 Unable To Return To Duty Halliburton Wins Drilling Contract In Halliburton To “Wind Down” http://www.nytimes.com/aponline/business/AP-Earns-Halliburton.html Lockheed Tops Pentagon 04’ Contracts; Halliburton’s Double Exxon May Have Tripped Tsunami (Earthquake(Drilling For Oil)) http://pesn.com/2005/01/25/6900062_Exxon_Tripped_Indonesian_Tsunami/ Morgan Stanley Fined Record $19 Million NASD Fines Tripled In 2004 http://www.thestreet.com/stocks/brokerages/10201075.html Loophole Allows Inauguration Spending Binge http://abcnews.go.com/WNT/Inauguration/story?id=426152 Wartime Inauguration With Expensive Peacetime Tilt Bush Inauguration Approval Rating Lowest Of Any Recent Prez http://www.chron.com/cs/CDA/ssistory.mpl/nation/2982686 Bush Names Major Fundraiser As Economic Advisor http://www.reuters.com/financeNewsArticle.jhtml?type=economicNews&storyID=7286042§ion=investing Wall Street Hears Pitch For Social Security Plan Spitzer Critical Of Bush’s Social Security Plan “Debt Incurred Would Be Astronomical” http://cbs.marketwatch.com/news/archivedStory AARP: Don’t Mess With Social Security Bush Accused Of Scaring Public Over Social Security “The
system will be broke in 2042! (2052) BOOH! http://www.reuters.com/newsArticle.jhtml?storyID=7472005&type=businessNews Leaked White House Memo: “Convince Public Social Security Is Heading For An Iceberg” http://www.msnbc.msn.com/id/6791950 (WA) Taxpayers To Foot The Bill For Rossi’s Challenge http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x1199382 In case
you forgot, the challenge in U.S. Judge: http://news.reuters.com/newsArticle.jhtml?type=topNews&storyID=7485936 Detainees “Beaten To Death” http://www.theaustralian.news.com.au/common/story_page/0,5744,12096767%255E1702,00.html CIA’s “Ghost Prisoners” Spark Rights Concern http://www.abc.net.au/news/newsitems/200501/s1291449.htm White House Refuses To Release Gonzales Memos On Torture http://abcnews.go.com/Politics/wireStory?id=389107 http://news.xinhuanet.com/english/2005-01/31/content_2530838.htm Worker Salaries Losing To Inflation SEC: Must Be Ready For Hedge Fund Crisis http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=7473783&src=rss/businessNews Bill Gates Bets Against Dollar http://www.bloomberg.com/apps/news?pid=10000087&sid=atQjxQiQeANA&refer=top_world_news http://www.sprott.com/pdf/marketsataglance/01-17-2005.pdf Chief Morgan Stanley Economist: “World On Brink Of Ruin” http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=80642 Global Warming Claiming Prehistoric Glaciers http://www.thedesertsun.com/apps/pbcs.dll/article?AID=/20050130/NEWS07/501300335/1001/NEWS WWF: Dangerous Global Warming By 2025 NO! Social
Security is more urgent-2052! Arctic Ozone May Drop To New Low http://news.bbc.co.uk/1/hi/sci/tech/4217329.stm Volcker:
No 'Smoking Gun' In Oil-For-Food Investigation http://scoop.agonist.org/story/2005/1/7/131818/3375 Kofi Annan’s Son Admits Oil Dealing http://www.timesonline.co.uk/newspaper/0,,176-1462576,00.html Senior Lawyers Defend Challenge To http://wireservice.wired.com/wired/story.asp?section=Breaking&storyId=982452&tw=wn_wire_story Exit Poll Investigation Results: “Kerry Supporters Overpolled” http://www.cnn.com/2005/ALLPOLITICS/01/19/exit.polls/ http://www.ohio.com/mld/beaconjournal/news/state/10626738.htm Blackwell Thanks OH GOP For “Helping Deliver OH To Bush” http://www.dispatch.com/election.php?story=dispatch/2005/01/08/20050108-B1-00.html Many Americans Refuse To Concede Bush’s “Stolen Election” http://www.cleveland.com/printer/printer.ssf?/base/medina/110526668478510.xml Lawmakers Launch Historic Protest Of Electoral Vote http://www.commondreams.org/headlines05/0107-02.htm Bush Pledges Political Cover For Republicans http://www.nytimes.com/reuters/politics/politics-bush-republicans.html?oref=login&oref=login Audit Cites Misuse Of $600 Mil Of Homeland Sec. Funds In TX http://ap.tbo.com/ap/breaking/MGB5FBPXP3E.html Spitzer: “Fraud In Insurance Industry Is Vast” http://query.nytimes.com/gst/abstract.html?res=F30E17FE355D0C7B8CDDA80894DD404482 Recently Ousted For Fraud, Fannie Mae’s Raines To Receive $114,393 Annually For Life http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=80390 Congress Proposes Tax On All Net, Data Connections An
influential congressional committee has dropped a political bombshell by suggesting that a tax originally created to pay for
the Spanish American War could be extended to all Internet and data connections this year. Bush Urged To Order Full Disclosure Of Covert Propaganda Weeks After Bush Awards Tenet Freedom Medal, CIA Report Says He And Other Top CIA Are Accountable
For 9/11 Security Failures http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=80611 Despite http://abcnews.go.com/Politics/story?id=340420&page=1 Cheney Dresses Down At Aushwitz http://www.washingtonpost.com/wp-dyn/articles/A43247-2005Jan27.html Expect To See More Of Cheney On Hill, Possibly Abroad http://ap.tbo.com/ap/breaking/MGBB8D61I4E.html World Sends
Leaders to World Econ Forum, Bush Sends Labor Sec. http://ap.tbo.com/ap/breaking/MGBW69V2I4E.html 12 Mil AIDS Orphans In http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_pesek&sid=a8csF6YxliMI Bush Donates $10,000 In Personal Funds To Tsunami Relief http://sfgate.com/cgi-bin/article.cgi?f=/news/a/2005/01/05/national1340EST0579.DTL Powell: Up To 5,000 Americans Unaccounted For After Tsunami http://www.turkishpress.com/world/news.asp?id=050103154335.pm4buxo9.xml Third Columnist Caught With Hand In Bush’s Till http://www.salon.com/news/feature/2005/01/27/mcmanus/index_np.html PR Spending Doubled Under Bush http://story.news.yahoo.com/news?tmpl=story&cid=676&e=5&u=/usatoday/reportprspendingdoubledunderbush White House Paid Black Commentator $240,000 To Promote “No Child Left Behind” No
Child Left Behind... by Aggressive Military Recruiters http://okimc.org/newswire.php?story_id=447 http://www.turkishpress.com/news.asp?ID=35871 Senate Boosts Spending On It’s Own Committees http://story.news.yahoo.com/news?tmpl=story2&u=/nm/20050107/pl_nm/congress_committees_dc 24 Fans Tasered By Police At College Loans Increasingly Burdensome-Undergrad Debt Averages $18,900 Job Cuts In December Topped 100,000 http://money.cnn.com/2005/01/05/news/economy/jobs_challenger/index.htm 36 Million Americans Lived In Poverty In 2003 http://www.goldismoney.info/forums/showthread.php?t=16781 |