Word: charterers
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...income on April 26, 1979, by looking up an old Marine buddy, Jack McGregor, who was then executive vice president of Carey Energy Corp. Billy told McGregor that he could help Carey Energy secure Libyan oil. McGregor explained that his company was being purchased by a conglomerate named the Charter Co. and suggested that Carter make his pitch to the new owners...
...Lewis Nasife, president of Charter Crude Oil, responded to Billy's invitation and visited Carter's Buena Vista home. They talked oil-and big bucks. Charter at the time was getting about 125,000 bbl. of crude a day from Libya. Billy said he thought he could get the company up to an additional 100,000 bbl. If he did so, Carter wondered, what kind of broker's commission would Charter pay? The two men worked out a verbal agreement that was later confirmed in a short "Dear Billy" letter by Nasife. If Billy succeeded in providing...
...Libya," was the way Nasife pointedly concluded the letter of agreement. Billy flew to Tripoli again at the end of August for a visit that coincided with the tenth anniversary of Libya's revolution. He returned without any commitment from Libya to make more oil available to Charter. Instead, Libya was cutting back its oil production and later reduced Charter's allotment...
...Billy in a Machiavellian scheme based on his potential commissions? The Libyans at some point promised to loan Billy $500,000, and the only way he could pay back that kind of money would be through his oil-sale commissions. But the Libyans controlled the sale of oil to Charter; by turning off the flow, they could also put the squeeze on Billy-and perhaps drive him to work harder in their behalf...
...March, Brzezinski learned through an intelligence report that Billy had a deal with Charter that could make him millions. The National Security Adviser telephoned Billy to warn him that he "should not engage in any activity that could cause embarrassment to the Administration." Zbig told the President about this call. In April, Billy received his biggest bonanza yet: a $200,000 check...