| Abstrakt: |
The article presents information about oil salesman Robert Sutton. A year ago, despite big trouble with the law, Robert Sutton was flying high. His $150 million net worth had put him on the Forbes Four Hundred of 1982; private jets whisked him to his estates in Louisiana, California and the Bahamas. During the 1970s, when the Organization of Petroleum Exporting Countries pumped up oil prices fivefold, the U.S. Congress allowed the price of newly discovered U.S. oil or crude produced from stripper wells to be pegged at up to six times that of old oil found before 1973. The hustlers, big and little, soon caught on, and by 1980 as much as 10% of U.S. domestic oil was being falsely certified, costing consumers $10 billion. Half of that windfall, investigators claimed, probably went into the pockets of operators like Robert Sutton. |
