Saturday 24 June 2017

Saturday News: Preferred customers first

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OIL & GAS INDUSTRY MOGULS WRITING THEIR OWN TICKET IN TRUMP ADMINISTRATION: Just four days after he was inaugurated, President Donald Trump delivered a clear message that he would use his office to help industry friends and political allies. He signed a Jan. 24 executive order that assured completion of the Dakota Access pipeline, which will transport oil fracked by various companies, including one owned by Oklahoma oilman Harold Hamm, his longtime friend and energy adviser. Since that day, the president has tapped various friends and supporters to help shape his infrastructure agenda, including CEOs who have a financial interest in the regulatory relief Trump is promising and implementing. These include Stephen Schwarzman, who heads the New York-based Blackstone equity firm, which has multi-billion-dollar investments in infrastructure nationwide.
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