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Resource ID: #18408
Subject: Energy
Source: Multinational Monitor
Affiliation: 
Date: June

Description

Multinational Monitor investigates how huge oil and gas companies close to George W. Bush have profited from the energy crisis in California. "The blackouts ... have many causes. But neither a shortfall a supply nor a surge in demand for electricity is among them," the magazine points out. The story finds that California's consumers and taxpayers are victims of a massive, complex double-theft, first by the biggest electric power utilities, and second by some of the president's closest associates and contributors. Another finding is that the U.S. barons of fossil and nuclear fuel have used the crisis as " a pretext to declare an all-out assault on environmental protection."

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