Wednesday, April 04, 2012

Jennifer Jacobs: Obama PAC Attacks Romney On Big Oil Ties in New Iowa Ads @ Des Moines Register

" ...  Koch Brothers Have Pledged $200 Million Before Election to Defeat Obama and Democrats. According to Politico, “The billionaire industrialist brothers David and Charles Koch plan to steer more than $200 million — potentially much more — to conservative groups ahead of Election Day, POLITICO has learned… at the latest installment of the twice-a-year gatherings of major donors sponsored by the Koch brothers’ privately owned oil, chemical and consumer products company, Koch operatives signaled they “are going to focus a great deal on the presidential race,” according to someone who attended the meeting.” [Politico, 10/10/11]

The Koch brothers control Koch Industries, an oil and gas business. According to the New Yorker, “With his brother Charles, who is seventy-four, David Koch owns virtually all of Koch Industries, a conglomerate, headquartered in Wichita, Kansas, whose annual revenues are estimated to be a hundred billion dollars. The company has grown spectacularly since their father, Fred, died, in 1967, and the brothers took charge. The Kochs operate oil refineries in Alaska, Texas, and Minnesota, and control some four thousand miles of pipeline.” [New Yorker, 8/30/10] ... "  Read more at the Des Moines Register

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