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

Cyclopean Masonry: A Mystery of the Ancient World
2014 04 16
They don’t make things like they used to, and that is, in some cases, a monumental understatement. Silly wordplay notwithstanding, there is something to be said for the construction techniques of the old world. Where modern buildings are designed to withstand the elements; wind, temperature extremes, earthquakes and floods, today’s engineers have to strike a balance between economics ...
Megalithic Origins : Ancient connections between Göbekli Tepe and Peru
2014 04 16
At 6,500 years older than Stonehenge and 7,000 years before the pyramids were constructed, a cult megalithic complex sat atop the hills near current day Sanliurfa, in southeast Turkey. Göbekli Tepe was flourishing an astonishing 12,000 - 14,000 years ago, and today, the preserved remains still exhibits high degrees of sophistication and megalithic engineering skill. Back in the 1990’s when ...
Department of Transportation Uses LRAD Sound Cannons Against Drivers
2014 04 16
The Missouri Department of Transportation revealed two newly acquired LRAD sound cannons this week, which will reportedly be used to target vehicles that speed in work zones. Coming in at $25,000 a piece, the Long-Range Acoustic Device, a sonic weapon best know for its use against protesters and insurgents in Afghanistan, will alert drivers to road conditions by shooting a loud ...
An ’Unknown Holocaust’ and the Hijacking of History
2014 04 16
An address by Mark Weber, director of the Institute for Historical Review, delivered at an IHR meeting in Orange County, California, on July 25, 2009. (A report on the meeting is posted here.) We hear a lot about terrible crimes committed by Germans during World War II, but we hear very little about crimes committed against Germans. Germany’s defeat in May ...
Ex-Mayor Bloomberg Starting $50 Million Gun-Control Network
2014 04 16
Former New York Mayor Michael Bloomberg ramped up his efforts to fight gun violence on Wednesday with a plan to spend $50 million on a grassroots network to organize voters on gun control. The initiative’s political target is the powerful pro-gun lobby, including the National Rifle Association, that spends millions of dollars each year to back gun-rights supporters. Bloomberg’s group, called Everytown ...
More News »