Our post yesterday about who is profiting from the coming carbon capture "bonanza" introduced us to William Gray Stream, heir to the Stream family oil fortune. As a function of his inherited status, Stream has spent time buttering up politicians and sitting on important state boards and stuff. But, like a lot of these guys, he hasn't really made or created anything. He tried to make somebody else's tech startup work for a while but that didn't seem to pan out. Now he's likely to reel in passive income from federal carbon subsidies.
There are a ton of guys like this running around now at this stage of empire deterioration. Little lords who didn't build the thing they own now by accident. But their ownership of the thing holds dire consequences for the rest of us. (Yes you are supposed to conjure an image of Elon here.)
Today, we're reading this story about Jeff Landry's latest ethics charge. Landry has a number of shameful relationships with wealthy benefactors that ought to disqualify him from holding a major public office on sheer principal. But we're way beyond that now.
At least one flight did violate the law, the state Ethics Board thinks. On Friday, Landry said on Facebook that the Ethics Board charged him over one of the free flights from a top donor. A Republican, he labeled the charge "election interference," and blamed Democratic Gov. John Bel Edwards, who appoints the board members.
The flights show ties that do not turn up on public records between Landry and some of his top backers.
Greg Mosing of Broussard, a wealthy businessman who also ran a pro-Landry PAC called Make Louisiana Great Again, said he took Landry on a host of trips on a Bombardier Challenger jet in recent years. The destinations included Hawaii, Dallas, South Dakota and South Carolina, dating from 2020.
Really looking forward to seeing any criticism of the candidate derided as "election interference" for the next month or so. The thin skin on modern Republicans is amazing.
Anyway, that's not really the point here. What is the point is the link in this story elaborating on Greg Mosing, "wealthy businessman." Let's take a look at how he comes by that.
Frank's International's roots date back to 1938, when Frank Mosing founded Frank's Casing Crew & Rental Tools, an oil well casing company that he initially operated out of his garage in Louisiana. Over time the company expanded into oil field services, including manufacturing pipes and connectors for oil and gas wells. Now called Frank's International, it has manufacturing facilities in 60 countries and is headquartered in Amsterdam, the Netherlands. Frank's grandson, Donald Keith Mosing, serves as the company's executive chairman and was previously its CEO and President. The company went public in 2013; the Mosing family still owns more than 75% of the company
Way back in 1938, Frank Mosing tinkered around in his garage at just the right time to end up an oil field services small business tyrant. And the rest is history. And now Greg gets to fly Jeff Landry to CPAC so he can complain about wokeness.
These are the guys who are turning the wheel now. And none of them have the faintest idea how it even works.
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