VIDEO – Oklahoma oil billionaire, Harold Hamm, gave Restore Our Future $985,000 just weeks after being named the Romney campaign’s top energy adviser.
Harold Hamm’s involvement in the campaign and his subsequent giant donation to Romney’s Restore Our Future super PAC sounds (to most rational people) like it would be illegal, under the law that Super PACs are not allowed to coordinate with the candidate’s campaign. However, in yet another example of the ridiculous new campaign financing reality – corruption that was legalized by the Supreme Court’s Citizens United decision – it is actually legal.
And apparently, Mitt Romney thinks the American people are too stupid to figure it out: Romney’s campaign said Hamm’s contributions to the super PAC supporting Romney were unrelated to his policy advice as their top energy adviser. Yes, they actually said that.
Hamm, whose personal net worth is around $11 billion, according to Forbes, is just one of many big oil billionaires supporting Restore Our Future. William Koch (Oxbow Corp. energy conglomerate) and Joseph Craft (Alliance Holdings coal producer), gave $2 million and $500,000 respectively to the super PAC. Hamm’s company has a majority stake in the Baaken formation, a 15,000-square-mile tract strewn with deep-rig wells and “fracking” sites.
Of course, his campaign website describes solar and wind energy as having failed to become economically viable or make a significant contribution to our energy supply. Romney is advocating for more pipelines, opening U.S. oil and gas reserves for more development, and he opposes increased regulation of fracking.