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McCain's Grudge: Susan Rice Net Worth: $43 Million

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McCain’s Grudge: Susan Rice Net Worth: $43 Million—Investments In Oil Industry And A 2008 Dissin’
Wednesday, November 28, 2012 18:06
 

by Monica Davis

Too many people divide the nation’s elites by color. As is evidenced by the rise of Colin Powell, Condoleeza Rice and Susan Rice, color is no longer the dividing line between elites. Particularly those elites who slide in and out of the petroleum industry, corporations, or the military like shadows in an alternative reality.

The ongoing controversy over the allegedly “unqualified” Susan Rice for Secretary of State belies the nation’s long standing elevation of corporate  and political elites to diplomatic posts. It is interesting that certain Republicans are going batcrap crazy over this woman, who, as you see from the below mentioned information, is closely tied with the petroleum industry.  Just think George W. with brains.

Ambassador Rice, currently Ambassador to the UN, had nothing to do with the deadly attack on the US Embassy in Behgazi. Security for embassies around the world is taken care of by the host nation and the State Department. Ironically, the old tar baby “what did she know and when did she know it” is a smokescreen for the reduction in embassy security funds which was spearheaded by, uh, Republicans.

Benghazi and the assassination of Ambassador Chris Stevens remain a flash point in US politics, but it is a case of rage that goes back to the 2008 campaign which reportedly fuels Senator McCain. According to the Examiner

While Senator McCain would most assuredly deny this, but the battle Senator McCain is waging “against” UN Ambassador Susan Rice dates back to the 2008 campaign when he felt insulted and slighted by remarks made by Susan Rice. She said then, referring to McCain, that then-Senator Barack Obama, who was planning a trip to Iraq back, “I don’t think he’ll be strolling around the market in a flak jacket.”

This was in reference to photos taken then and McCain saying that “Never have I been able to go out into the city as I was today,” Mr. McCain puffed after his brief walking tour of the Shorja market. He remarked that he had left his helmet in his escort Humvee and felt utterly safe in the marketplace. Wearing a flak jacket, he neglected to mention that the pedestrian mall was patrolled by 100 heavily armed American soldiers and watched over by two attack helicopters and snipers

So, what we have here is rage that is more than 4 years old, masked by a tragic tar baby that Senator McCain is working for all it’s worth.  In essence, some believe that this McCain-led witch hunt is fueled by a personal grudge.

According to the Chicago Tribune:

After protestors stormed our consulate in Benghazi and killed four Americans, including Ambassador Chris Stevens, you’d think all Americans would unite in condemning those responsible for the attack. No way. Not in this case. Republicans, instead, led by fading divas McCain and Graham, blame UN Ambassador Susan Rice. They hold her responsible for the September 11 attack and accuse her of deliberately misleading the American people as to its causes. They are dead wrong on both counts.

Note also that Ambassador Rice and former Secretary of State Condoleeza Rice have strong ties with the US energy sector. Like Ambassador Rice, Former Secretary of State Rice is a mult-millionaire, and she actually had an oil tanker named after her.

Both of these women have long-held ties to the oil industry, which include millions of dollars invested in the petroleum industry.

Susan Rice, thought by many to be Obama’s number one pick for Secretary of State, holds millions of dollars in investments in Canadian oil companies and banks with stakes in the  $7 billion Keystone XL Pipeline, according to apiece out today from OnEarth, a magazine published by the environmental advocacy group Natural Resources Defense Council. As head of the State Department, Rice would have ultimate authority in determining the fate of the pipeline, which would link northern Alberta’s remote oil sands fields to Texas’ Gulf Coast refineries.

The piece reveals that Rice has significant holdings (PDF) in more than a dozen Canadian oil companies and banks that would benefit from the growth of the Canadian tar sands industry and the construction of the controversial pipeline. OnEarth’s Scott Dodd finds that nearly a third of Rice’s personal net worth—estimated in 2009 to be between $23.5 million and $43.5 million—is invested in Canadian oil producers, pipeline operators, and other energy companies including several with egregious environmental records on both sides of the border. Financial disclosure reports further show that Rice has between $300,000 and $600,000 invested in TransCanada, the company that is seeking the permit from the State Department to build sections of the pipeline from Oklahoma to the Canadian border.READMOREHERE

So, what are we learning here? It ain’t the skin color, but the political party which irks certain mossybacked Republicans. On the other hand, the electorate at large needs to understand that the “oil bidness” still controls politics—no matter if the elephant or donkey is driving the bus

Entry #215

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