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

Aurora Shooting Victim Parents Face $200K Court Fees, Bankruptcy, After Failing to Sue Ammo Dealers
2015-08-01 2:17
The 2012 Colorado Theater Shooting still doesn’t add up… Media character and ‘Shooter’ James Holmes in court in 2012-2013. In 2014, Sandy and Lonnie Phillips, the mother and stepfather of Aurora Theater Shooting victim Jessica Redfield Ghawi, tried to sue the ammo companies they believe supplied shooter James Holmes with his ammunition, body armor and other items. They bleived that the online retailer BulkAmmo.com had sold Holmes ...
FBI's Joint Terrorism Task Force Investigating Confederate Flags at MLK's Ebenezer Baptist Church
2015-08-01 2:21
According to the Atlanta Police Department, two White men left four small Confederate Battle Flags outside MLK’s Ebenezer Baptist Church in Atlanta … and get this, the FBI’s Joint Terrorism Task Force is on the scene investigating the incident. Atlanta police Chief George Turner said his agency was working with federal authorities and they have not determined what charges might be ...
Democratic National Committee Chair Wasserman Schultz Can’t Explain Difference Between Democrat Party and Socialism
2015-08-01 2:08
Things got very awkward today when Chris Matthews asked DNC Chair Debbie Wasserman Schultz what the difference was between the modern Democratic Party and Socialism. We haven’t seen that dazed look since Rachel Dolezal was busted as a fraud. Wasserman Schultz was speechless. Completely stumped. Couldn’t answer. Then changed the subject. Because we all know there is no difference between today’s Democrat Party and the radical ...
Catching on slow: Yet Another Study Show Cellphone Radiation Cause Cancer
2015-08-01 1:44
The scientists were right — your cell phone can give you cancer. There have long been whispers of a cancer connection from your cell — and a new study backs up the claims. "These data are a clear sign of the real risks this kind of radiation poses for human health," study author Igor Yakymenko said. Yakymenko’s meta-study — basically a study of ...
Trump Goes #Cuckservative on Immigration
2015-08-01 1:28
For weeks, the media have trumpeted the supposed death of the Trump campaign. First, they claimed, Trump’s campaign imploded on launch thanks to his comments about illegal immigration. Then they claimed that Trump was finished because of his slap at Senator’s (R-AZ) war service. But neither of those comments alienated Trump’s base – he’s maintained his seven point lead over ...
More News »