Kochland Read online

holdouts against construction of, 371, 384

  leaks in, 189, 526

  in Louisiana, 46, 253

  natural gas, 65, 250–53, 259, 263, 267, 285

  at Pine Bend refinery, 55, 85–86

  profitability of, 394

  regulation of, 94

  software program for running, 247, 583

  in Texas, 462, 470–71, 476

  traders need for access to, 99, 231–32, 237, 239

  transport of stolen oil through, 13, 16, 25–26, 47–49, 128–29, 156, 582

  of Williams Company, 85, 159

  Pittenger, John C., 191, 295

  Pittsburgh Post-Gazette, 444

  Pohlman, Randy, 368, 381

  polishing ponds, 160, 167, 168, 171, 174

  pollution controls, 6, 148–49, 164, 316, 406

  state, 149, 160, 173, 177–84, 187, 188

  polyvinyl chloride, 99–100

  populism, 409, 454, 533, 550

  Porter, Michael, 121, 191

  Portland Rising, 382

  Post Office, US, 14

  poultry industry, 425

  Pratt, Benjamin, 330–31

  Pratt Industries, 527

  PRDIST LLC, 540

  Price, Bill, 142

  Price, Tom, 458

  price controls, 14, 92, 108, 113, 250–51, 257, 263

  Princeton University, 191, 571

  private equity, 4, 198, 294–95, 313, 322, 331, 345–46

  acquisitions financed with, 198, 295, 303, 310, 318–20, 323–24, 501

  privately held corporations, 25, 29, 97, 101, 217

  acquisitions of, 319–20, 483

  labor contract negotiations with, 374

  process owners, 162–64, 175, 181, 188, 225, 589

  compliance teams and, 315

  decision rights of, 152, 164

  profit centers overseen by, 162

  union members and, 181

  use of nonprofit support services by, 163–64

  Procter & Gamble, 274

  Project Snow, 503

  proppants, 465

  propylene, 246, 476,

  Pruitt, Scott, 557–61, 588

  publicly traded companies, 1–3, 303, 563

  Public Service Company of New Mexico (PNM), 281, 283, 587

  pulp mills, 307, 309–12, 316, 318, 585

  Purina Mills, 199–213, 215, 223, 224n, 239, 261, 351

  acquisition of, 199, 201–2, 205, 320, 591

  bankruptcy of, 211–12

  Danforth family’s founding and management of, 202–3

  impact of government farming policy changes on, 204–5

  livestock feed produced by, 199–201, 213

  pig business of, 206–9

  puts and calls options, 256

  Pyle, Thomas, 449

  Quantitative Easing, 569

  Quinn, Joseph, 61–64, 77–78, 588

  Quinn, Rita, 61

  Raise Wages, Cut Carbon bill, 418

  Rapp, Chris, 182

  Razook, Brad, 466–67, 470–71, 572, 588

  Reagan, Ronald, 114, 146–47, 227, 228, 376, 473

  Recessions, 81, 303, 335, 346, 361, 570

  following crash of 2008, 8, 421, 435, 442, 464, 517

  global, 354, 356

  oil price spikes preceding, 23

  public faith in government eroded by, 113

  RedPrairie data firm, 332–33

  Red Wing Potteries, 57–58

  refineries, 1, 47, 221, 267, 299, 566, 570

  annual bonuses at, 255

  Asian, 504

  BAT and, 544

  Clean Air Act loopholes for, 148–49

  during crash of 2008, 352, 353, 356

  emissions from, 399, 412–13

  equipment for, 40

  among Fred Koch’s business, 35, 37

  futures contracts purchased by, 235–37, 248–49

  industrial sabotage at, 2

  market trading and, 230–32, 258

  natural gas, 45, 194–95, 470, 472

  obstacles to building, 473–74

  profitability of, 5–6, 475

  skills required for operating, 312, 368, 501

  in Soviet Union, 42

  value of, 394

  workplace safety at, 113

  See also Corpus Christi refinery; Pine Bend refinery

  Reid, Harry, 427, 443, 445, 454–56

  renewable energy, 397, 417, 422, 456, 478–82

  mandates for, 414–15, 478, 479

  subsidies for, 360, 411, 477, 481

  Republicans, 430, 438n, 532–33, 535–36, 557, 589

  bailout after 2008 crash rejected by, 359

  campaign contributions to, 150, 408–9, 419

  cap-and-trade legislation positions of, 393–94, 403, 420–22, 424–25, 442–45, 451–57

  deregulation advocated by, 287

  Koch’s denunciations of, 94, 112

  at Koch’s donor conferences, 458

  climate change denial of, 561–62

  labor union voters for, 528

  limitations on new refineries supported by, 474

  lobbying of, 408, 416, 419–20

  New Deal programs abolished by, 204

  Obamacare repeal attempted by, 537, 540–41, 546

  regulatory legislation passed by, 92–94

  renewable energy advocacy of 478–82

  right wing challenges to incumbent, 451–52, 581, 584–86

  on Senate Select Committee on Indian Affairs, 19

  in state senates, 142, 275

  tax legislation of, 542, 546–49, 551

  trade agreements opposed by, 446

  2010 midterm elections victory of, 462

  Revell, Oliver “Buck,” 20

  Revolutionary War, 429

  Rice University, 240, 253, 254

  Rio de Janeiro Climate Accord (1992), 394

  Rivergate warehouse, 372, 388

  Robertson, David, 221, 470, 510–11, 572–73, 589

  Rockefeller, John D., 22–23, 93

  Rock Island Oil and Refining Company, 37, 38, 47

  Roos, Brian, 164, 167–70, 172, 176, 177, 180, 184

  as process owner at Pine Bend, 162–63, 188, 589

  Roosevelt, Franklin Delano (FDR), 92, 95, 204, 414

  election of, 93, 360–61

  See also New Deal

  Roskind, Herbert, 100–104, 589

  Rothbard, Murray, 501, 547–48, 589

  Rubin, Robert, 348

  Rubio, Marco, 532

  Rudd, Leslie, 485, 487, 500, 509, 574, 589

  Rusch, Timothy, 188

  Ryan, Paul, 458, 540–42, 547–49

  safety net programs, 5, 278, 438, 542

  Sahatjian, Laurie, 412

  St. Paul Pioneer Press, 79

  Salomon Brothers, 246

  Salvation Army, 487

  Sanders, Bernie, 528

  Sandia National Laboratories, 468

  Santelli, Rick, 436

  Saudi Arabia, 85, 463

  in OPEC, 472

  Scalia, Antonin, 458

  Schnare, David, 555–57, 559–61, 589

  Schwab, Justin, 555

  Schwarzenegger, Arnold, 292

  Schwarzman, Stephen, 346

  Science of Success, The (C. Koch), 330, 338, 339

  Science and Technology Policy, Office of, 401

  Scotland, 231

  Searle, Jeff, 264

  Secure Source International, 608n

  Seibert, Walter and Zachary, 493–97, 589

  Sementelli, Tony, 467, 470–71, 590

  Senate, US, 411, 438, 440, 454, 559

  Affordable Care Act in, 445

  Charles Koch investigated by, 216, 268

  Energy Committee, 269

  Environment Committee, 443

  Finance Committee, 450

  fuel shortages investigated by joint committee of House and, 73

  Indian Affairs Committee, 17–19, 23–24, 46, 130–31

  lobbying of, 407–9

  oil theft investigate
d by, 12–14, 17–28, 33, 133–38, 144–45, 268, 290–91, 394, 581, 590

  Triad laundering of campaign contributions reported to, 150–51

  during Trump administration, 536, 540, 541, 550–51, 557, 562

  Waxman-Markey bill in, 422, 424, 429, 442–45, 447, 449–53, 455, 456, 462

  Ways and Means Committee, 547

  September 11, 2001, terrorist attacks (9/11), 227, 228

  7-Eleven stores, 322

  Seven Sisters, 472

  shale gas deposits, see fracking

  Sharp, Jeff, 398, 424–26, 590

  Shawley, Dianne, 149, 609n

  Shell Oil Company, 292

  Short, Marc, 548–49

  Silicon Valley, 269

  Singapore, 100, 241

  60 Plus Association, 540

  Skocpol, Theda, 455

  Smalley, Danielle, 189–90

  Smith, Chris, 442

  Smith, Vernon, 369

  Sobotka, David, 261, 264, 590

  Socialism, 18, 41, 299, 363, 368, 431, 441, 570

  Social Security, 93, 114, 147, 227, 340, 438, 531

  solar energy, 413, 414, 422, 477, 479, 481, 482

  Soliman, Sam, 221, 245–46, 250, 255, 261–62, 295

  Sollers, Wick, 27–29, 31, 33, 590

  Soul of America, The (Meacham), 427

  sour water stripper, 66–67

  South Carolina, 275, 316, 417, 442, 449

  Americans for Prosperity chapter in, 437

  Inglis as Republican congressman from, 416, 435, 584

  Tea Party in, 581

  textile industry in, 446

  South Dakota, 19

  Southerland, Sam, 523

  Southern California Edison Company, 285

  Soviet Union, 42, 204

  fall of, 401

  Specter, Arlen, 444

  Stainmaster carpet, 312

  Stalin, Joseph, 42

  Standard Oil Company, 22, 146

  Standard & Poor’s, 224n, 519

  Steele, Jackie, 528, 529

  Stephens, Jeff, 253

  Stone, Jason, 189

  Stormoen, Terry, 180, 181, 184, 186, 188

  Stossel, John, 458

  subsidiaries, 26, 130, 213, 216, 223, 502, 503

  subsidies, government, 5, 204, 406–7, 424, 464, 468

  for health insurance, 537, 539

  for renewable energy, 477, 481

  sulfur dioxide emissions, 403

  Summers, Larry, 348

  Sumner, Arnie, 200–204

  Sundial Beach Resort, 139

  Sun Oil, 21, 126–27

  Sununu, John H., 401

  Superior Oil Company, 47

  supply and demand, 42, 83, 94, 252, 276, 282, 286

  Supreme Court, US, 93, 458, 459, 536, 541

  swaps, 238–39, 246, 291

  credit default, 348, 350

  interest rate, 247, 258

  Switzerland, 503

  synthetic fibers and materials, 3, 127, 312–13, 569

  Syria, surprise military attack on Israel by, 80

  Target, 333

  tax havens, 502–3

  Tax Policy Center, 551

  Teamsters union, 64, 75–77, 386–87

  Tea Party, 455, 539–40, 587, 588, 590

  Americans for Prosperity coordination with, 445, 451, 459

  Beck’s influence in, 439, 458

  origins of, 433–34, 436–39, 441, 581

  Republican congressmen and senators pressured by, 442–43

  Teninty, Ron, 375–76, 388, 635n

  terephthalic acid, 127

  Terry, Bob, 302

  Texas, 43, 121–41, 415, 542, 545, 586

  Americans for Freedom in, 430

  Bush administration’s roots in, 227

  Chase Koch in, 499–500

  chemical plants in, 127, 222, 315–16, 353, 523–24

  drilling rigs in, 41, 84

  energy trading in, 287, 590

  Enron in, 273, 276

  fracking in, 469, 472, 476, 588

  natural gas storage facilities in, 259

  oil theft in, 19, 49, 134, 141, 145

  Paulson’s contacts from, 55, 65–67

  pipelines in, 189, 462–63

  refineries in, 52, 84, 85, 122, 149, 415–16, 421, 472 (See also Corpus Christi refinery)

  Texas A&M University, 261, 268, 499

  think tanks, 5, 152, 402, 440, 445, 479, 554

  Koch’s internal, see development group

  libertarian, 268, 395

  political influence of, 135, 143, 423, 442, 445–46, 571

  Third Way, 446–47

  Thomas, Clarence, 458

  Thorning, Margo, 448, 450

  Tiahrt, Todd, 150

  Tillman, Charles O., 136–37

  timber industry, 307–11, 323, 328, 327

  Time magazine, 360

  Timmons, Jay, 448

  toxic pollutants, 148, 159–61, 165–71

  Transportation, US Department of, 114

  TRAX monitoring system, 516–17, 525, 651n

  Treasury, US, 359

  Triad Management Services Inc., 150

  Trimm, Dennis, 328–33, 336, 339–41, 385, 590

  Tromberg, Ernie, 59, 67, 77, 184, 590

  Trump, Donald, 531–45, 548–52, 554–57, 560–63, 582, 590

  Border Adjustment Tax proposed by, 542–50

  campaign of, 532

  climate change regulation opposed by, 552, 560, 561

  election of, 532–33

  inauguration of, 534

  Obamacare repeal attempted by, 537–41

  policy differences between Koch and, 532–33, 535–39, 541, 542, 544–47, 549–50, 587, 589

  tax code reform of, 541–42, 549–51

  Tulsa, University of, 222

  Turner, Mason & Co., 477

  Turners Falls Paper, 527

  Tyson Foods, 200, 201, 207

  Ukraine, 196

  United Airlines, 504

  United Gas Pipe Line Company, 250, 252

  United Kingdom, fertilizer terminals in, 507

  United Nations, 400, 439

  United Steelworkers Union, 78n, 602n

  Urban, Brad, 467–70

  Utilities Profit Center, 162, 589

  US Attorney’s offices, 131–33, 135, 138, 142, 143, 581, 583

  USA Today, 532

  USDA (US Department of Agriculture), 270, 557

  US Open Tennis, 492, 500

  Utah, 139

  duck hunting in, 34

  Value Added Tax, 542n

  Value Creation Strategies (VCS), 192, 199, 222, 295

  Vanderbilt, Cornelius, 93

  Vanity Fair Magazine, 110, 197

  Varner, Sterling, 104, 106–8, 121, 124, 104, 106–8, 118, 590

  background of, 41, 84

  Bill Koch and, 115, 117, 131

  Charles Koch mentored by, 82

  hiring process involvement of, 43–44, 87–88

  opportunistic approach to business of, 45, 125, 192, 467

  personality of, 40–41, 88, 358

  Vaupel, Ron, 295

  veil, see corporate veil

  venture capitalists, 507, 573

  Vietnam War, 47, 113

  Virginia, 13, 28, 353, 547

  Americans for Prosperity chapter in, 550

  fossil fuel jobs in, 415

  free market think tank in, 139

  volatility, 35–36, 79, 272, 335, 358, 373, 512

  in farming, 204, 205

  of fracking boom, 464

  in global energy business, 481

  management practices for thriving with, 81

  market, 82, 102, 128, 198, 251, 256–63, 275, 569

  protection of workers from, 335, 571

  Voyles, James, 173–74, 176, 178–79, 183–84, 188, 591

  Wackenhut Security, 67

  Wagner Act (1935), 71, 93

  Walker, Jeff, 297

  Walker, Scott, 532

  Wall Street, 191, 254, 261, 294, 310, 590 />
  commodities versus stock and bond exchanges on, 234

  crash of 2008 on, 349–50, 435

  deal making on, 224

  futures trading on, 237–38

  greed-driven activities on, 199, 228

  Koch’s resistance to bankers from, 1–2, 26, 111

  Koch trading floors compared to, 240, 241, 245–47, 253, 304

  private equity firms on, 125, 198

  regulations on, 89, 453

  short-term thinking on, 89, 307

  Wall Street Journal, The, 139, 197, 212

  Walmart, 332, 435, 550

  Warehouse Management System (WMS), 332

  warehouses, 200, 323–43, 347, 590, 587

  declining conditions in, 323–24

  digital inventory control systems at, 332–33

  Labor Management System at, 329–31, 333–39, 341, 342, 373, 376–78, 385, 386, 389, 513

  Market-Based Management at, 328–31, 378

  ranking of employees at, 338–41

  union contract negotiators for, 341–43, 371–90, 513–16, 528, 530–31, 582–84

  Washington State, hydroelectric power in, 258

  wastewater treatment, 154, 162, 165–67

  Watergate scandal, 113, 149

  Watson, Dean, 7, 192–96, 199, 201–13, 299, 320, 591

  Wauna mill, 332

  Waxman, Henry, 5, 414, 419, 422

  Waxman-Markey cap-and-trade bill, 403, 405, 411–15, 422–24, 443, 450–53, 455–57, 588

  American Council for Capital Formation report on economic impact of, 447–49

  House of Representatives passes, 418–22, 424

  protests against, 425, 429–34, 442, 450

  Tea Party opposition to, 546, 590

  Weather Channel, 249

  Wesson, Lisa, 522

  Wesson, Robert, 522–24, 526

  West Power Clearing Model, 276, 277, 279

  West Texas Intermediate (WTI), 545

  Weyerhaeuser, 527

  Weyrich, Paul, 273

  Wheeler, Andrew, 561

  Whitehorn, Dudley, 137

  Whiteville plywood mill, 353

  Wichita Collegiate School, 491, 499

  Wichita Eagle, 38, 212, 495–96

  Wichita State University, 105, 466

  Market Based Management (MBM) Center at, 370, 373, 591

  wildcatters, 51, 468, 469

  Williams, Roger, 41, 43, 44, 91, 104

  Williams, Walter E., 486

  Williams Company, 85, 159

  wind power, 413, 414, 417, 422, 477–81

  Winn, Abel, 369–71, 373–74, 384, 451, 452, 591

  WinterSkinny report, 258

  Wisconsin, 375, 532, 540, 544, 589

  job options in, 53

  Purina Mills pig business in, 209

  2016 presidential election in, 553

  World Trade Center, 227

  Wright, Matthew, 492, 493, 497

  Yale University, 261

  Journal on Regulation, 266

  Yellowstone Park, 35

  Zinc contamination, 167

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