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Behind The Oil: Veco's Bill Allen
Who is the man behind the key scandals erupting in Alaska? It's Bill Allen, former CEO of Veco Corp., of course. But how did he get to be such a political force in the state? The Los Angeles Times take us through Allen's story:
Of all the scandals and investigations, the one that has drawn the most attention here -- and that could lead to a watershed change in Alaska politics -- centers on Allen, a high school dropout from Socorro, N.M., who arrived in Alaska in the 1960s as a welder.When oil was discovered in Prudhoe Bay in 1968, Allen formed the VECO oil-services company with a partner who later left, and then rode the roller-coaster economy of the Alaska oil fields.
Veco filed for bankruptcy in the 1980s, but was saved by (of all things) the Exxon Valdez spill which drenched Prince William Sound with millions of gallons of oil. Veco got the major contract to clean it all up.
Allen had become a big political player in Alaska by then, and his clout only grew over the years. The Times points out that it's hard to pin down Allen's drive, whether its greed or a thirst for political power (or both).
Regardless, Allen's politicking focused on pushing through development projects. Eventually, he became the face of oil lobbying.
Allen's biggest effect has been through political fundraising and the access that buys. Allen used his wealth to become the oil industry's chief lobbyist, and was so entrenched in Juneau that when he ran afoul of state lobbying regulations, he got them changed."To me he was one of those tall, gruff cowboy types who I always thought lived by a code," said former state Rep. Ethan Berkowitz, a Democrat. "It was his own code."
Allen became so entrenched in Alaska's system that news of his guilty plea "came as a shock even to politicians who had seen Allen at work."

Comments (6)
Anonymous wrote on August 17, 2007 12:11 PM:You mean "news of his guilty plea "came as a shock ESPECIALLY to politicians who had BENEFITED from Allen at work AND ASSUMED THEY WERE ENTITLED TO ANYTHING THEY COULD STEAL FROM THE PUBLIC."
Anonymous wrote on August 17, 2007 1:31 PM:1.00% change in Alaska oil taxe
750,000 barrels per day from North Slope
x 365 days
=273,750,000 Barrels
x$60.00 per barrel
=$16,425,000,000 oil's market value
x 1.00%
=$164,250,000 for ever 1.00% change in taxes to Big Oil
VECO bribed legislators with peanuts and Big Oil got hundreds of millions of dollars
PalmerBuyer wrote on August 17, 2007 7:00 PM:MSM will not show Alaskans these simple numbers
Unfortunately the Press has only touched the 'tip of the iceberg'. It will take years for all of the 'poo' to come out.
The sense of entitlement that these people feel is scary and heartbreaking.
They have turned our beautiful state into a soap opera.
Follow the money Stevens forced on the Army and Air Force - For un-needed and un-requested 'pet' projects that benefited his friends. Follow the money.
code word: CRIME, as it is one and I hope they all get justice
Donald from Hawaii wrote on August 19, 2007 6:28 PM:Whaddaya know? My code word is "SNAKE."
Nothing I say about Bill Allen could possibly top that.
Anonymous wrote on August 20, 2007 12:48 AM:Future indictiments coming with VECO corruption and local newspaper does a 1 page spread on transexuals
Bill Allen will dwarf Jack Abromoff and our local media is a joke! No wonder they got away with it for 30 years
S wrote on October 22, 2007 3:54 PM:more allen stuff