Oscar Wyatt

The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

by Javier Blas and Jack Farchy  · 25 Feb 2021  · 565pp  · 134,138 words

company with assets across five continents. Other adventurers and businessmen soon elbowed themselves into the oil trading industry. Among them were Gerd Lutter of Marimpex; Oscar Wyatt of Coastal Corporation; David Chalmers of Bayoil; and the Koch brothers. Lutter would spend years courting Soviet and Iranian officials to secure oil deals, supplying

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, however. The conflict dragged on throughout 1990, and the world’s oil traders followed every twist and turn in real time on CNN. One trader, Oscar Wyatt of Coastal Petroleum, got significantly closer to the action, using his personal relationship with Saddam Hussein to secure the release of two dozen American hostages

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under control while alleviating the devastating effect of the sanctions on the Iraqi people. The commodity traders were the first in line for Iraqi oil: Oscar Wyatt, the founder of Coastal Petroleum, got the first cargo when the embargo was lifted in 1996. He was an old hand in Iraq: it was

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payments via a mysterious British Virgin Islands outfit called Peakville Limited, whose wire transfers listed as a contact person Vitol’s top accountant in Geneva; Oscar Wyatt paid through two companies in Cyprus that had been created just after the surcharges were imposed. Glencore followed an even more elaborate route: it bought

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claiming that oil it was selling in the US was compliant with the oil-for-food programme. 15 The American traders faced the harshest penalties. Oscar Wyatt, the owner of Coastal Petroleum, was sentenced to one year in jail, while his friend David Chalmers, the owner of Bayoil, was sentenced to two

The Achilles Trap: Saddam Hussein, the C.I.A., and the Origins of America's Invasion of Iraq

by Steve Coll  · 27 Feb 2024  · 738pp  · 196,803 words

American scientist and businessman who offered to serve as an intermediary between Baghdad and Washington. “Saddam wants to work with Clinton and reach agreements.”[15] Oscar Wyatt, the Texas oilman, also ferried messages from Saddam to the White House that winter. Texas Monthly once described the oilman as Houston’s “orneriest, wiliest

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him. The opportunity to profit from Iraqi oil remained a powerful calling card. Samir Vincent, the Iraqi-born scientist and consultant working for Texas wildcatter Oscar Wyatt, got involved. In 1993, Tongsun Park introduced him to Boutros-Ghali. Park emphasized the need for payments by Iraq to influential friends, to smooth the

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. Albright’s lobbying defeated Boutros-Ghali, clearing the way for the election of Kofi Annan, a Ghanaian diplomat, as his successor. In December, following delays, Oscar Wyatt became the first U.S. oilman to receive an allocation of Iraqi crude under the U.N. program that Boutros-Ghali left as a legacy

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15 percent; Chinese recipients, another 10 percent. Much of the rest went to friends of the regime, including interlocutors with the Clinton administration, such as Oscar Wyatt and Samir Vincent, and even a senior U.N. civil servant who helped supervise Oil-for-Food, Benon Sevan. The sums these individuals could earn

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REFERENCE 14 Tariq Aziz’s comments from contemporaneous notes taken by Vincent. BACK TO NOTE REFERENCE 15 “orneriest, wiliest, most litigious”: Mimi Swartz, “The Day Oscar Wyatt Caved,” Texas Monthly, November 2007; “He is going to carry” and “not a sneaky person”: CRRC SH-SHTP-A-000-753, as excerpted in Woods

The Predators' Ball: The Inside Story of Drexel Burnham and the Rise of the JunkBond Raiders

by Connie Bruck  · 1 Jun 1989  · 507pp  · 145,878 words

loans and $600 million from Milken’s junk (an amalgam of notes, or debt, with high-yielding interest and preferred stock with high-yielding dividends). Oscar Wyatt, chairman and CEO of Coastal, had become a sudden star. There were lots of people at this conference who were shaking Wyatt’s hand, wishing

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guests of this conference, therefore, were the takeover artists and their biggest backers—men like T. Boone Pickens, Carl Icahn, Irwin Jacobs, Sir James Goldsmith, Oscar Wyatt, Saul Steinberg, Ivan Boesky, Carl Lindner, the Belzbergs—and lesser lights about to shine, such as Nelson Peltz, Ronald Perelman, William Farley. The names tend

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. Boone Pickens, in Mesa’s run at Gulf; Saul Steinberg, in Reliance’s bid for Disney; Carl Icahn, in his bid for Phillips Petroleum; and Oscar Wyatt, in Coastal Corporation’s bid for American Natural Resources (ANR). Only one of these targets, ANR, had actually been acquired—less than a month before

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entrepreneur—more stunningly displayed than in the case of Nelson Peltz and Peter May. Others he backed before and after—T. Boone Pickens, Saul Steinberg, Oscar Wyatt, Carl Icahn, Ronald Perelman, Sanford Sigoloff, William Farley—were all given access to pools of capital that they could only have fantasized about were there

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investors have the chance of sharing in the upside in return for their risk-taking. Coastal’s takeover of ANR had been an exception, since Oscar Wyatt had been unwilling to give any equity; Milken and his colleagues at Drexel had been so eager to bring one of these takeover bids to

Oil: Money, Politics, and Power in the 21st Century

by Tom Bower  · 1 Jan 2009  · 554pp  · 168,114 words

profiteering from America’s humiliation sparked a federal investigation into suspected tax evasion. Rich’s success also aroused the interest of two independent oil traders: Oscar Wyatt, an American famous for running over anyone who got in his way, and John Deuss, alias “the Alligator,” a scarred buccaneer based in Bermuda, born

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it, Vitol’s skill was to negotiate with Iraqi officials the amount of dollars to be deposited as “commission” in return for the oil. Like Oscar Wyatt in New York, Vitol knew that those payments, or “surcharges,” broke UN sanctions, but none of the traders involved expected any legal consequences. Faced with

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million and promise to abandon the cowboy era and legitimize itself because, with crude so expensive, it, like Glencore, needed banks to finance its trade; Oscar Wyatt of Coastal would be fined $11 million and sentenced to one year and a day’s imprisonment; Chevron paid $30 million to settle corruption charges

The Asylum: The Renegades Who Hijacked the World's Oil Market

by Leah McGrath Goodman  · 15 Feb 2011  · 553pp  · 168,111 words

standing there basically trying to do trades by themselves.” He asked around and found out both men worked for Texas oil man and corporate raider Oscar Wyatt Jr. Until being incarcerated in 2007 for sluicing kickbacks to Saddam Hussein’s regime, Wyatt led a charmed life, running Coastal Corp., an oil company

Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World

by Tom Wright and Bradley Hope  · 17 Sep 2018  · 354pp  · 110,570 words

pitches from the Malaysian. One of them involved a plan for Low to take over Coastal Energy, a Houston firm controlled by legendary Texas oilman Oscar Wyatt Jr. Low, informally advised by Goldman, approached Coastal in 2012 about a takeover, but the firm didn’t believe he could come up with cash

Den of Thieves

by James B. Stewart  · 14 Oct 1991  · 706pp  · 206,202 words

Murdock, Jay and Robert Pritzker, Samuel and Mark Belzberg, Carl Lindner, Nelson Peltz, Saul Steinberg, Craig McCaw, Frank Lorenzo, Peter May, Steve Wynn, James Wolfensohn, Oscar Wyatt, Gerald Tsai, Roger Stone, Harold Simmons, Sir James Goldsmith, Mel Simon, Henry Gluck, Ray Irani, Peter Magowan, Alan Bond, Ted Turner, Robert Maxwell, Kirk Kerkorian

The Bin Ladens: An Arabian Family in the American Century

by Steve Coll  · 29 Mar 2009  · 769pp  · 224,916 words

of February 11—Yogi Berra, the New York Yankees manager; Vice President George Bush; Linda Gray, star of Dallas, the television series about oil barons; Oscar Wyatt, the genuine Texas oil baron; the actress Sigourney Weaver; and Donald and Ivana Trump. “It’s exciting. It’s Americana. It’s Ronald Reagan,” joked

The Secret World of Oil

by Ken Silverstein  · 30 Apr 2014  · 233pp  · 73,772 words

Chapter 3); Hany Salaam, a Lebanese middleman who made numerous deals for Occidental Petroleum Corporation during the days of Armand Hammer, its former chairman; and Oscar Wyatt, a Houston oilman and corporate raider who was sentenced to a year in prison in 2007 in connection with the UN oil-for-food scandal