Russ Baker & Jonathan Z. Larsen - Newly released internal CIA documents assert that former president George Herbert Walker Bush's oil company emerged from a 1950's collaboration with a covert CIA officer.

Bush has long denied allegations that he had connections to the intelligence community prior to 1976, when he became Central Intelligence Agency director under President Gerald Ford. At the time, he described his appointment as a 'real shocker.'

But the freshly uncovered memos contend that Bush maintained a close personal and business relationship for decades with a CIA staff employee who, according to those CIA documents, was instrumental in the establishment of Bush's oil venture, Zapata, in the early 1950s, and who would later accompany Bush to Vietnam as a “cleared and witting commercial asset” of the agency.
According to a CIA internal memo dated November 29, 1975, Bush's original oil company, Zapata Petroleum, began in 1953 through joint efforts with Thomas J. Devine, a CIA staffer who had resigned his agency position that same year to go into private business. The '75 memo describes Devine as an “oil wild-catting associate of Mr. Bush.” The memo is attached to an earlier memo written in 1968, which lays out how Devine resumed work for the secret agency under commercial cover beginning in 1963.

“Their joint activities culminated in the establishment of Zapata Oil,” the memo reads. In fact, early Zapata corporate filings do not seem to reflect Devine's role in the company, suggesting that it may have been covert. Yet other documents do show Thomas Devine on the board of an affiliated Bush company, Zapata Offshore, in January, 1965, more than a year after he had resumed work for the spy agency. Read all @ Realnews.org