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Not Lookin' Good for Sen. Stevens ...

09.11.07 -- 11:24PM
By Josh Marshall

From the AP ...

During a secret meeting to discuss what prosecutors say was a dirty deal to keep Alaska oil taxes low, two oil contractors said they had a powerful ally coming to town who could help build support for the plan: Sen. Ted Stevens.

The FBI played a videotape of the 2006 meeting Tuesday in a corruption trial against former Alaska House Speaker Pete Kott, who is accused of taking gifts and favors in exchange for supporting oil interests.

In the grainy video, VECO Corp. executives Bill Allen and Rick Smith can be heard talking about how to ensure passage of an oil tax bill. If approved, the bill would increase chances that a natural gas pipeline would be built, a deal that could mean huge profits for VECO.

Now, note that name: Bill Allen. And remember that criminal investigation Stevens is already the subject of? The one where the oil services executive renovated Stevens' home for him? Yeah, same guy: Bill Allen.

Here's our report from early June on the house renovation scandal ...

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