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Energy Cartel

Energy Cartel

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Published by Hal Shurtleff

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Published by: Hal Shurtleff on Jan 13, 2012
Copyright:Attribution Non-commercial

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12/17/2013

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ENERGy·
··m
.
CARTEL
GaryAllen
isauthorof
NoneDareCall
It
Conspiracy,
The
RockefellerFile,Kissinger:SecretSideOf
The
SecretaryOf
State,
Jimmy
Carter/Jimmy
Carter,
and
Tax
Target:Washington.
Heisan
AMERICAN
OPINION
ContributingEditor.
THE
newspaperheadlinestellus
that
America'sbalanceof
payments
deficitshave
hit
anall-timehighbecausewe
must
nowimport,
and
pay
for,
half
ofouroilfromabroad.
The
wireservicesalsoinformus
that
O.P.E.C.,
the
OrganizationofPetroleumExportingCountries,isgoingtohoist
the
priceofoilinto
the
rangeoffifteendollarsabarrel.Uponreading
JAN
UARY,1979
thesebad-newsbulletins,millionsofAmericansjoinedinritualcursingoftheArabs.Herearetheseforeigners,
parading
aroundalldayin
their
bath-
robes,
and
threateningtothrow
the
wholeworldintodepression.
They
havegreedilyhijacked
the
priceofpetroleum,overasix-yearperiod,byamonstroussix
hundred
percentfrom$2.50foraforty-twogallon
jug
1
 
EnergyisthelifelineoftheAmericanecon-omy,yettheeffortthatraisedthepriceofoil600percentwastheworkofaconspiracybasedintheUnitedStates.EconomistJulianSnyder
says
O.P.E.C.wascreatedthroughtheStateDepartmentwiththehelpoftheSevenSistersofoilandtheNewYorkmegabanks.
upto
the
rangeoffifteendollars.Arabsarenow
about
aspopularin
the
United
States
as
Jack
the
Ripper
at
aCOYOTEconvention.
Let's
faceit.
There
islittle
aboutthe
Arabswithwhich
the
typicalAmericancanidentify.
The
culturein
the
camellandsisradicallydifferentfromourown,asisvirtuallyeveryaspectof
their
lives.SinceveryfewArabsliveinAmerica,thereisnopoliticalconstituencyto
attract
the
s
ympathy
ofvote-hungrypoliticians.Anditisonly
natural
that
the
consumerwhohas
just
fedhis
"Gaseater
485"somethingin
the
neighborhoodoffourteendollarsforatankfulof"SuperNoKnocks"findsit
hard
toforgetwhenitonlycostsixdollarstofill-'er-up.Americansaresoangry
at
the
Arabs
that
onetakeshislifeinhis
hands
ifhewearshisbathrobe
out
on
the
sidewalktopickup
the
morningnewspaper.We
haven't
seenaGalluppollon
the
subject,
but
wewouldbewillingto
bet
fromourownexperience.
that
the
vast
majorityofAmericansdo
not
realize
that
whenwespeakofMiddle
Eastern
oilweare
not
onlytalking
about
the
SheiksofAraby
but
also
abouttheir
partners;
the
multinationaloilcompanies.Especially
the
so-calledSevenSisters,whoareExxon,Mobil,
Standard
ofCalifornia,Texaco,Shell,Gulf,
and
British
Pe-
2
troleum.For
the
Arabs,yousee,don
't
have
their
ownoilcompanies.
Their
operationsare
dominated
by
the
sevenmultinationals.
It
is
true
that
the
O.P
.E.C.nationshavenationalized,orarein
the
processofnationalizing,
their
oilproperties.
In
the
past
,oilcompaniesob
tained
concessions
from
the
hostnationstodevelopoilresourcesin
return
forwhichthey
paid
thosegovern
ments
aroyalty.
There
wasneverany
doubt
astowhosepropertiesweweretalkingabout.
Thesand
belongedto
the
sheik,
but
the
oilwellsbelongedtoExxon.
Then,
alongcame
O.P
.E.C.
The
mastersofO.P.E.C.have,with
the
helpofourgovernment
andthe
SevenSisters,
put
together
the
mostsuccessfulcartelofalltime.
The
organizationwasestablishedin1960byfiveoil-producingnationstounify
their
petroleumpolicies.
They
facedwhatwasthenstrictlyabuyers'market.Oilwasingreatover-supply
and
PersianGulfoilwascommanding
the
princely
sum
ofeighty-eightcentsabarrel.
The
official
story
has
it
that
O.P.E.C.wasthebrainchildofone
Juan
Pablo
Perez,who
many
yearsago
~
was
runout
ofVenezuelaforhisradi-]calactivities.Duringhisexile,Perez
cil
~
spent
twoyearsinNewYorkCitybe-
~
foregoingonto
structure
O.P.E.C.
~
There
arethoseofasuspicious
bent
~
AMERICAN
OPINION

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