Democrats talk at the Denver convention about creating and keeping American jobs and producing American energy..
Arco Oil Company was considered the jewell of all American oil companies for having explored and developed the Alaskan North Slope and at one time owning eighty percent of our proven Alaskan oil reserves. Arco Oil Company was subsequently bought out later by foreign owned British Petroleum during the second administration of Bill Clinton. The point of this comment is twofold. The long-term hostility of the Democratic Party leadership toward United States owned energy companies has led to the sale of United States oil companies to foreign interests and that nuclear power plants can even be located next to wonderful wildlife and park areas and make good unobtrusive neighbors. Arco Oil Company with its substantial Alaskan oil reserves should have bought out British Petroleum instead of the other way around. Comanche Peak in Glen Rose the last nuclear power plant built in the United States symbolizes the death of the American owned nuclear power industry and the decline of United States owned oil companies due to the hostile business environment created by Democratic Party leadership.
Sinclair Oil Company and Arco Oil no longer exist, British Petroleum has replaced them under the second Democratic administration of Bill Clinton.
Democrats talk at the Denver convention about creating and keeping American jobs.
Ironically the building that housed the largest research and development division of Arco Oil Company in Texas was sold by British Petroleum to Perot Systems and now serves as its headquarters. Perot Systems was founded by Ross Perot who previously created EDS Electronic Data Systems and who most importantly has been credited with throwing the 1992 to Bill Clinton by drawing off many independent voters who would have voted Republican for George Bush senior. Perot Systems derives a significant amount of its business from state and federal contracts. A building that used to house American engineers, geologists, scientists, logistics people and ordinary employees who worked for an American owned oil company that strived to fill the gas tank for the average American now houses a company that focuses on giving computer support on state and the federal government social service contracts. This is the Democratic Party version of a success story. Outsourced government work under Bill Clinton replaces a former American owned world admired jewell of the oil industry that had provided gas for the American gas tank and many good American jobs for many years.









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