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Thu Apr 11, 2013, 02:17 PM

The Secret of the Seven Sisters

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 - Exxon, Shell, BP, Mobil, Texaco, Gulf and Chevron - the biggest oil companies in the world


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Reply The Secret of the Seven Sisters (Original post)
Ichingcarpenter Apr 2013 OP
elleng Apr 2013 #1
Ichingcarpenter Apr 2013 #2
elleng Apr 2013 #3

Response to Ichingcarpenter (Original post)

Thu Apr 11, 2013, 02:24 PM

1. Thanks. Nothing like history,

good or bad.

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Response to elleng (Reply #1)

Thu Apr 11, 2013, 02:33 PM

2. Hitler couldn't have had his blitzkrig

without the support of Exxon (standard oil) and Ford who gave him the technology.

I posted that story years ago on DU.

Anyway, I just started this series and its good for those that don't know how these fuckers work.

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Response to Ichingcarpenter (Reply #2)

Thu Apr 11, 2013, 02:40 PM

3. Its good for most of us,

many haven't studied history closely, and of course its barely being taught now.

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