Oscar Wyatt

Oscar Wyatt

Oscar Sherman Wyatt, Jr. (born 1924) is an American businessman. He was the founder of Coastal Corporation. In 2007 he pled guilty in a U.S. federal court to illegally sending payments to Iraq under the Oil for Food program.[1]

Contents

Early history

Wyatt was born in 1924 in Beaumont, Texas and grew up in Navasota, Texas. He worked on farms and at a gas station before earning his pilot's license at age 16 to work as a crop duster. Wyatt later attended Texas A & M University but left in 1942 to enlist in the Army Air Corps. As a combat aviator, Wyatt was a decorated WWII pilot by age 21. After the war, he returned to Texas A & M and earned his degree in Mechanical Engineering. .[2]

Early business history

Wyatt entered the refining industry in the early 1960s. And he began to attend Organization of Petroleum Exporting Countries (OPEC) meetings in Vienna, Austria. The U.S. refineries were optimized for high sulfur ("sour") crude oil, so Wyatt began to buy Iraqi oil in 1972.[3]

Later business history

Wyatt retired as Coastal's chairman in 1997 yet continued to serve as Executive Committee chairman until Coastal's sale to the El Paso Natural Gas Company in January 2001. In July 2001, Wyatt created a new company - the NuCoastal Corporation - to explore energy opportunities available across the globe. Today, Wyatt continues to consult with other petroleum related interests to help them improve their processes and procedures, and maximize their pipeline and refinery operations, resulting in better returns for common shareholders.[4]

Incarceration

In October 2007 Wyatt plead guilty to conspiring to, under the Oil for Food program, make illegal payments to Saddam Hussein's Iraq. Wyatt received a one year prison sentence, and was sentenced to serve in the minimum security camp of the Federal Correctional Complex, in Beaumont, Texas.

Personal life

Wyatt has been married to socialite Lynn Wyatt since 1963 and has four children. Wyatt and his wife reside in the Houston neighborhood of River Oaks.

References

  1. ^ Fowler, Tom. "Wyatt begins 1-year prison term." Houston Chronicle. January 2, 2008. Retrieved on August 22, 2010.
  2. ^ Texas oil tycoon Wyatt in legal fight of his life | Reuters
  3. ^ Lynch, David J. "Prison term could cap oil trader's legendary career." USA Today. August 22, 2010. Retrieved on August 22, 2010.
  4. ^ Oscar S. Wyatt, Jr

http://lcpirate.com/links/kplc-tv-lake-charleslafayette-louisiana-hurricane-rita-videodvd-feds-execute-search-warrant-on-pelican-refinery/

External links


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Oscar 1995 — Oscar Statuette Ausgezeichnet als Bester Hauptdarsteller: Tom Hanks für Forrest Gump. Die …   Deutsch Wikipedia

  • Oscar Lua — No.       Retired Linebacker Personal information Date of birth …   Wikipedia

  • Wyatt Earp (película) — Wyatt Earp Título Wyatt Earp Ficha técnica Dirección Lawrence Kasdan Producción Kevin Costner, Dan Gordon, Michael Grillo, Lawrence Kasdan …   Wikipedia Español

  • Oscar de la photographie — Oscar de la meilleure photographie L Oscar de la meilleure photographie (en anglais, Academy Award for Best Cinematography)[1] est une récompense cinématographique américaine décernée chaque année, depuis 1929 par l Academy of Motion Picture Arts …   Wikipédia en Français

  • Oscar du meilleur directeur de la photographie — Oscar de la meilleure photographie L Oscar de la meilleure photographie (en anglais, Academy Award for Best Cinematography)[1] est une récompense cinématographique américaine décernée chaque année, depuis 1929 par l Academy of Motion Picture Arts …   Wikipédia en Français

  • Oscar B. Jackson Jr. — Oscar B. Jackson, Jr. Oklahoma Secretary of Human Resources and Administration Incumbent Assumed office 1991 Governor David Walters Frank Keating Brad Henry Mary Fallin …   Wikipedia

  • Oscar J. Zuniga — Oscar J. Zuniga, Sr. Born May 30, 1922(1922 05 30) Laredo, Webb County, Texas, USA Died July 28, 2007(2007 07 28) (aged 85) Paul Young Ranch, near Laredo, Texas …   Wikipedia

  • Oscar Jones — Pitcher Born: October 22, 1879(1879 10 22) Carter County, Missouri Died: June 16, 1953(1953 06 16) (aged 76) Fort Worth, Texas …   Wikipedia

  • Wyatt Earp (película) — Wyatt Earp es una película de cine basada en la vida de Wyatt Earp, y su actuacion en Tombstone. La película fue nominada al Oscar a la mejor fotografía …   Enciclopedia Universal

  • Wyatt Earp - Das Leben einer Legende — Filmdaten Deutscher Titel: Wyatt Earp – Das Leben einer Legende Originaltitel: Wyatt Earp Produktionsland: USA Erscheinungsjahr: 1994 Länge: 182 Minuten Originalsprache: Englisch …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”