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 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

ABC Is Hiding Details of Killer Vester Flanagan's Manifesto ...(Must Be Littered With Liberal Propaganda)
2015-08-29 3:45
Killer Vester Flanagan was a big Obama supporter. But, you’d never know it from the liberal media. The media is hiding Flanagan’s political leanings from the American public. ABC has yet to release Flanagan’s manifesto. It must be littered with embarrassing liberal propaganda. The Tatler reported, via Instapundit: Two days ago, ABC News reported that Vester Flanagan, the murderer of two WDBJ employees, sent a 23-page ...
Austria, Libya count dead as number of migrants crossing Mediterranean soars
2015-08-29 1:37
Austria said on Friday 71 refugees including a baby girl were found dead in an abandoned freezer truck, while Libya recovered the bodies of 82 migrants washed ashore after their overcrowded boat sank on its way to Europe and scores more were feared dead. The U.N. refugee agency said the number of refugees and migrants crossing the Mediterranean to reach Europe ...
Financial Times Calls For Abolishing Cash
2015-08-29 1:07
liminating physical currency necessary to give central banks more power The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power. Entitled The case for retiring another ‘barbarous relic’, the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which ...
Serbian government bans anti-mass immigration protests, and plans ahead for mass immigration
2015-08-29 1:52
Nebojsa Stefanovic, Serbia’s Interior Minister said protesters who are concerned about “an EU plan” to settle thousands of illegal immigrants into the country, will not be allowed to voice their concerns in a protest march on Monday, 31st of August. “We will not allow the expression of intolerance and hatred to be something that is characteristic of Serbia” said Stefanovic. “The Ministry ...
Germany asks Facebook to remove 'racist' anti-migrant posts
2015-08-28 20:32
Heiko Maas, Germany's justice minister, says social network should remove xenophobic posts in the same way it deals with nudity Germany is calling on Facebook to remove “xenophobic and racist” anti-migrant posts from its website and apps. Heiko Maas, the German justice minister, has written to the company to demand an urgent review of its policy over hate messages. “Photos of certain ...
More News »