The Secret of the Seven Sisters: Story of the Oil Cartels
2013-04-16 0:00

From: Al Jazeera

A four-part series that reveals how a secret pact formed a cartel that controls the worlds 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 worlds 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 regions 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 worlds 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

Professor: Reason Itself Is A White Male Construct
2015-07-04 3:55
A philosophy and religion professor at Syracuse University gave an interview to The New York Times Thursday in which he critiqued the notion of pure reason as simply being a “white male Euro-Christian construction.” Prof. John Caputo was being interviewed by fellow philosophy professor George Yancy for the 13th installment of an interview series Yancy conducts with philosophers regarding racial topics. Given its emphasis on first principles ...
The Broken Window Fallacy
2015-07-04 3:48
Youtube description: This short video explains one of the most persistent economic fallacies of our day. Source: youtube.com
Jenji Kohan and the Jewish Hyper-Sexualization of Western Culture
2015-07-04 3:33
As detailed in The Culture of Critique, Freud and his followers regarded anti-Semitism was a universal pathology which had its roots in sexual repression. The theoretical basis for this can be found in Freud’s Three Essays on the Theory of Sexuality where he linked aggression to the frustration of human drives — especially the sex drive. Kevin MacDonald notes that: ...
Confederate History - Dispelling the Myths
2015-07-03 3:28
History books, the media, the school systems, etc abound in falsehoods and inaccuracies of Confederate and Southern history. This fact sheet will help to clarify and dispell some of these rampant inaccuracies. MYTH - The War of 1861 - 1865 was fought over slavery. FACT - Terribly untrue. The North fought the war over money. Plain ...
Gays Rights May Open Door for Pedophile Rights
2015-07-03 3:31
Democrats have attempted to normalize pedophilia as a sexual orientation. A recent Supreme Court ruling on same-sex marriage may soon allow pedophiles to argue they are suffering discrimination. “Using the same tactics used by ‘gay’ rights activists, pedophiles have begun to seek similar status arguing their desire for children is a sexual orientation no different than heterosexual or homosexuals,” writes Jack Minor ...
More News »