The Secret of the Seven Sisters: Story of the Oil Cartels
2013 04 16

From: Al Jazeera

A four-part series that reveals how a secret pact formed a cartel that controls the world’s oil.

On August 28, 1928, in the Scottish highlands, began the secret story of oil.

Three men had an appointment at Achnacarry Castle - a Dutchman, an American and an Englishman.

The Dutchman was Henry Deterding, a man nicknamed the Napoleon of Oil, having exploited a find in Sumatra. He joined forces with a rich ship owner and painted Shell salesman and together the two men founded Royal Dutch Shell.

The American was Walter C. Teagle and he represents the Standard Oil Company, founded by John D. Rockefeller at the age of 31 - the future Exxon. Oil wells, transport, refining and distribution of oil - everything is controlled by Standard oil.

The Englishman, Sir John Cadman, was the director of the Anglo-Persian oil Company, soon to become BP. On the initiative of a young Winston Churchill, the British government had taken a stake in BP and the Royal Navy switched its fuel from coal to oil. With fuel-hungry ships, planes and tanks, oil became "the blood of every battle".

The new automobile industry was developing fast, and the Ford T was selling by the million. The world was thirsty for oil, and companies were waging a merciless contest but the competition was making the market unstable.

That August night, the three men decided to stop fighting and to start sharing out the world’s oil. Their vision was that production zones, transport costs, sales prices - everything would be agreed and shared. And so began a great cartel, whose purpose was to dominate the world, by controlling its oil.

Four others soon joined them, and they came to be known as the Seven Sisters - - the biggest oil companies in the world.

In the first episode, we travel across the Middle East, through both time and space.

Episode 1 - Desert Storms



Throughout the region’s modern history, since the discovery of oil, the Seven Sisters have sought to control the balance of power.

They have supported monarchies in Iran and Saudi Arabia, opposed the creation of OPEC, profiting from the Iran-Iraq war, leading to the ultimate destruction of Saddam Hussein and Iraq.

The Seven Sisters were always present, and almost always came out on top.

Since that notorious meeting at Achnacarry Castle on August 28, 1928, they have never ceased to plot, to plan and to scheme.

Episode 2 – The Black El Dorado



At the end of the 1960s, the Seven Sisters, the major oil companies, controlled 85 percent of the world’s oil reserves. Today, they control just 10 percent.

New hunting grounds are therefore required, and the Sisters have turned their gaze towards Africa. With peak oil, wars in the Middle East, and the rise in crude prices, Africa is the oil companies’ new battleground.

[...]

Read the full article at: aljazeera.com



Related Articles
The Seven Sisters (Oil Companies) - Wikipedia
As Oil Industry Fights a Tax, It Reaps Billions From Subsidies
Oil and Drug Cartel Behind WWII Nuremberg Records Reveal


Latest News from our Front Page

Whistleblower: Margaret Thatcher knew all about underage sex ring
2014 07 29
Margaret Thatcher was told about alleged sex parties with under-age boys held by one of her closest aides claims her former personal bodyguard. Barry Strevens, who worked as the prime minister’s personal bodyguard, said that he passed on allegations about her confidant Sir Peter Morrison. The former senior police officer said that Lady Thatcher appointed Sir Peter deputy party chairman of the ...
The Absurd, Bureaucratic Hell That Is the American Police State
2014 07 29
“The greatest evil is not now done in those sordid ‘dens of crime’ that Dickens loved to paint. It is not done even in concentration camps and labour camps. In those we see its final result. But it is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed and well-lighted offices, by quiet ...
Australian Government Pushing ‘Internet Tax’ To Pay For NSA Style Spying
2014 07 29
Forcing private companies to become mass surveillance hubs The Australian government is pushing to implement a ”surveillance tax” on the people of the country in order to pay for a mandate that would see communications companies retaining data on customers for two years. In a disturbing development that should serve as a warning to Americans, the Australian Attorney-General admitted that the surveillance ...
Japanese leader proposes first-ever ’Robot Olympics’
2014 07 29
Nations of the world will be sending their most talented athletes to Tokyo in 2020 for the Olympic Games – but if Japanese Prime Minister Shinzo Abe gets his way, they might also be pitting robots against each other. Abe announced his vision while touring robotics factories in Tokyo and Saitama, which is located just north of the country’s capital. According ...
Israel Student Union Set Up “War Room” to Sell Gaza Massacre on Facebook
2014 07 29
This article was published on July 14, 2014. The death toll in Gaza as of today, July 23, 2014, reaches 678 according to Al-Akhbar. Students at the IDC Herzliya “war room,” seen here in a screenshot, focus on posting propaganda justifying Israel’s attack on Gaza on Facebook. As the death toll from Israel’s savage bombardment of Gaza continues to climb, Israel has ...
More News »