Tag Archives: BP

Dec 3 2012

Of Goldman Sachs & Tenghizchevroil

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Goldman Sachs CEO Lloyd Blankfein tesifies before the Senate in April 2010

By Dean Henderson, Left Hook

In July 2010 those poor billionaire chaps at the bloodsucking firm otherwise known as Goldman Sachs, admitted no fraud and got slapped with a $550 million fine by the SEC. Should have been ten times the money and jail time, but hey, these same guys stiffed us for a trillion in the “banker bailout” two years ago, so who’s counting.

The first $250 million went to Royal Bank of Scotland and the German bank IKB Deutsche Industriebank AG. The other $300 million will go to the US Treasury. Seems fair that some banksters should get half, don’t you think? Glass half full: Any time you deal with a banker and come out with more than half, well hell, you did alright.

The fine amounted to 14 days of profits at Goldman Sachs. As Adelphi University professor and former Bear Stearns managing director Michael Driscoll put it, “That is a steal (for Goldman)”. Goldman shares and options surged on the news.

On the bright side, it was the biggest fine ever levied against a corporation by a US government agency. And the Justice Department is now bringing criminal charges against Goldman’s Rajiv Gupta. Citigroup found itself recently explaining how it cooked its books. And German police raided every office of UBS (Union Bank of Switzerland) on German soil in a single day, demanding records of wealthy German tax evaders.

Not well rested the heads of Morgan Stanley, JP Morgan Chase, Deutsche Bank and Bank or America, either. All spent the week waiting for the next SEC subpoena and word has it they are forthcoming.

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Nov 26 2012

US-Created “Syrian Opposition” Led by Big Oil Rep

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By Tony Cartalucci, Land Destroyer for Activist Post

A year ago, it was reported that Libya’s new NATO-installed prime minister, Abdurrahim el-Keib, was in fact a long-time US resident, having taught at the University of Alabama and was formally employed by the Petroleum Institute, based in Abu Dhabi, UAE and sponsored by British Petroleum (BP), Shell, France’s Total, the Japan Oil Development Company, and the Abu Dhabi National Oil Company. El-Keib is listed as a “Professor and Chairman” in his Petroleum Institute profile which also describes extensive research conducted by him sponsored by various US government agencies and departments over the years.

His long history of serving and working in coordination with Western governments and corporations made him and his collaborators the ideal candidates to prepare Libya for its place within the Wall Street-London international order.

Now it is revealed that the US-handpicked opposition, announced in Doha, Qatar earlier this month, is led by a similarly compromised figure, Moaz al-Khatib. The corporate-financier-funded Carnegie Endowment for International Peace reported of al-Khatib that:

Moaz al-Khatib, an oil sector engineer and former imam of the Umayyad Mosque in Damascus, has garnered substantial praise since his designation, while Riad Seif and Suhair al-Atassi bring their own credibility to the coalition. They have now set up shop in Cairo and have received the full endorsement of France, Italy, the United Kingdom, Turkey, and the members of the Gulf Cooperation Council as the ‘sole representative’ of the Syrian opposition. The European Union and the United States have endorsed the group in a more general fashion.

Even more importantly, from Syrian citizens of various affiliations with whom I have met recently, it is clear that al-Khatib and his associates seem to draw praise for their opposition to the regime—as an imam, al-Khatib refused to follow the speeches imposed by the regime and was imprisoned—their resistance, and their tolerance. These endorsements are a first achievement, but a number of steps are necessary before Moaz al-Khatib becomes the real head of the Syrian opposition and enters into a substantive relationship with EU leaders.

However, this resounding praise should be kept in the context that among the Carnegie Endowment’s sponsors are in fact many “oil sector” giants including British Petroleum (BP), Chevron, Exxon, and Shell.

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Oct 29 2012

Illuminati, Nazis & the Illegal State of Israel

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By Dean HENDERSON, LEFT HOOK

If we wish to end the Israeli/Palestinian conflict, we need to know who created Israel and why. In 1917 British Foreign Secretary Arthur Balfour penned a letter to Zionist Second Lord Lionel Walter Rothschild in which he expressed support for a Jewish homeland on Palestinian-controlled lands in the Middle East. This Balfour Declaration justified the brutal seizure of Palestinian lands for the post-WWII establishment of Israel.

Israel would serve, not as some high-minded “Jewish homeland”, but as lynchpin in Rothschild/Eight Families control over the world’s oil supply. Baron Edmond de Rothschild built the first oil pipeline from the Red Sea to the Mediterranean to bring BP Iranian oil to Israel. He founded Israeli General Bank and Paz Oil and is considered the father of modern Israel.

The Rothschilds are the planet’s wealthiest clan, worth an estimated $100 trillion. They control Royal Dutch/Shell, BP, Anglo-American, BHP Billiton, Rio Tinto, Bank of America and scores of other global corporations and banks. They are the largest shareholders in the Bank of England, the Federal Reserve and most every private central bank in the world. They needed a footprint in the Middle East to protect their new oil concessions, which they procured through Four Horsemen fronts like the Iranian Consortium, Iraqi Petroleum Company and Saudi ARAMCO.

Rothschild’s Shell and BP formed these cartels with the Rockefeller half of the Four Horsemen- Exxon Mobil and Chevron Texaco. This new alliance required a “special relationship” between Great Britain and the US, which still exists today. Rothschild and other wealthy European shareholders could now utilize the United States military as a Hessianized mercenary force, deployed to protect their oil interests and paid for by US taxpayers. Israel would serve the same purpose in closer proximity to the oilfields. The Israeli Mossad is less a national intelligence agency than it is a Rothschild/Rockefeller family security force.

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Oct 24 2012

ARAMCO & The House Of Saud

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The only thing that was more striking than America’s cynicism- from paranoid right and jaded left alike – toward’s the Arab Spring was this nation’s collective journalistic ignorance about the Middle East region.

Pundits compare revolutionary Iran, where a still-nationalized oil sector has Big Oil licking it’s profit-inflated lips, to Algeria and Yemen, where CIA intrigues installed reactionary governments to replace progressive one’s which opposed the Gulf War in 1991. They compare socialist Syria with US puppet monarchies in Bahrain and Jordan.

There are generally two types of Arab governments in the Middle East. The democratic one’s have been our enemies. The monarchs and dictators have been our friends. And the game has been all about oil.

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(What follows is excerpted from Chapter 3: JP Morgan & the House of Saud: Big Oil & Their Bankers…)

By Dean HENDERSON, LEFT HOOK

With 261 billion barrels of crude oil lying beneath its soil, Saudi Arabia remains the lynchpin in the international oil grab presided over by the Rothschild/Rockefeller-controlled Four Horsemen. If revolution in the Middle East really hits its stride, then it must pay a visit upon the most crooked monarchy of all- the House of Saud.

As Joseph Story, Middle East analyst and former ARAMCO executive once said, “Only one factor is involved in where the price of oil is going to go, and that is Saudi Arabia”.

In 1933 Standard Oil Company of California (Socal) negotiated the first oil concession in Saudi Arabia with Saudi Finance Minister Abdullah Sulaiman. The Saudis were to get a 30,000 British pound loan and 5,000 pounds for the first year’s rent, all payable in gold. But US President Franklin Delano Roosevelt (FDR) had just embargoed gold exports in response to the Great Depression and Socal’s request for an exemption was turned down by FDR’s Secretary of State Dean Acheson.

Socal circumvented the embargo by procuring the gold from the London branch of Morgan Guaranty Trust. When the Saudis asked Socal officials what they should do with their newfound wealth, Socal recommended depositing it at Morgan Guaranty Trust. The Saudis complied.

In 1938 Socal, which later changed its name to Chevron, struck oil in both Saudi Arabia and Qatar and founded the Arabian American Oil Company (ARAMCO). Chevron quickly brought in Standard Oil of New Jersey (later Exxon), Standard Oil of New York (later Mobil) and Texaco as partners. This American half of the Four Horsemen would grow ARAMCO into the largest oil company in the world, nearly three times the size of Royal Dutch/Shell.

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Oct 24 2012

The Four Horseman of the Gulf: Transocean’s Role

By David Hodges, thecommonsenseshow

Louisiana has crept back into the news again, and again, this news is not good. It is long overdue that credit be given where credit is due with regard to the underlying conspiracy in relation to the Great Gulf Coast Holocaust. As the Gulf, once again, stands upon the precipice of disaster, it is time to begin naming names. After reading the next two articles, I believe that most readers will join me in calling for indictments and long prison sentences for the complicit officials of BP, Halliburton, Goldman Sachs and Transocean.

As I pointed out in a previous article, we now conclusively know that Methane laden oil and Corexit, resulting from the BP oil spill, permeates the entire geological structure and threatens to reap widespread devastation upon the beleaguered State and perhaps even the entire region. The methane and Corexit has even made its way into the New Madrid Fault prompting FEMA earthquake drills and the need to ship thousands of generators to Louisiana. Additionally, the ongoing health, safety of the food and the quality of the air are still seriously jeopardizing the health of Gulf Coast residents and I call for justice for this catastrophe which knows no bounds.

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Oct 22 2012

The Gulf Cooperation Council: Rockefeller/Rothschild Puppet Monarchy

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(Excerpted from Chapter 5: Persian Gulf Rent-a-Sheik: Big Oil & Their Bankers…)

By Dean HENDERSON, LEFT HOOK

It shouldn’t have surprised anyone when the six nations which make up the Gulf Cooperation Council (GCC) called on their Western protectors to enforce a no-fly zone in the skies over Libya last year. Why would these Arab nations- Saudi Arabia, Kuwait, Bahrain, UAE, Oman and Qatar- clamor for an act of war against another Arab oil-producer? A brief history of the GCC is in order.

The Iranian Revolution of 1979 was a watershed event. With the Shah deposed and the Iranian Consortium nationalized, the Four Horsemen- Exxon Mobil, Chevron Texaco, BP Amoco and Royal Dutch/Shell- and their Rockefeller/Rothschild owners sought to create a more comprehensive security system for the safeguarding of Persian Gulf crude oil. The House of Saud was fast becoming a lightning rod for Arab nationalists, who saw the monarchy as a Western surrogate.

The State Department sought to take pressure off the Saudis by finding other regional leaders willing to embrace the same oil for arms quid pro quo that had been in force in the Kingdom since the early 1950’s. That arrangement involves the US arming the House of Saud to protect it from enemies both foreign and domestic. In return the Saudis serve as “swing producer”, ensuring the West a steady and relatively cheap supply of oil. While US spook outfits like SAIC, Booz Hamilton, TRW and Vinnell Corp. trained the Saudi National Guard, Pakistani and Egyptian pilots (Saudi nationals were not to be trusted) were trained to fly US F-15 fighters in protection of the Kingdom. The Saudis in turn became the primary funder of CIA/MI6/Mossad covert operations worldwide, including those aimed at Libya from bases in Exxon Mobil-controlled Chad.

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Oct 5 2012

JP Morgan Chase & the Looting of Iran

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(Excerpted from Chapter 1: David Rockefeller & the Shah of Iran: Big Oil & Their Bankers…)

Yesterday the US Justice Department charged two men with conspiring with the Iranian government to assassinate Saudi Arabia’s US Ambassador Adel al-Jubeir. Today Occupy Wall Street protesters announced that they would target JP Morgan Chase. The historical irony of the two seemingly unrelated events is colossal.

Under the under-fisted rule of the US puppet Shah of Iran – who came to power after the BP-sponsored Mossadegh coup – Chase Manhattan, which later merged with JP Morgan to become JP Morgan Chase, issued letters of credit for all Iranian oil exports and monopolized deposits from the National Iranian Oil Company (NIOC), even after Iran nationalized Four Horsemen oil interests to create NIOC.

Chase controlled the Pahlevi Foundation which owned an oil company, 12 Iranian sugar refineries, electronics firms, cemeteries, mines, industrial bakeries, the country’s General Motors franchise, and a slew of banks – including the Shah’s personal piggy bank – the Bank Omran. While “Omran” means “development”, the Pahlevi Foundation focused only on developing the fortunes of both the Shah and Chase Manhattan.

David Rockefeller, whose family controls majority interest in the bank, chaired Chase. The Rockefellers added to their fortune during the Shah’s reign, taking in far more oil deposits in the country than it made in loans. [1] By 1978 Iran had become the world’s fourth largest oil producer, supplying 18% of both Japan’s and West Germany’s oil, 50% of Israel’s and 100% of the South African apartheid regime’s. [2] Yet the average Iranian worker languished in poverty.

Other Western banks behaved in similar fashion. This did not go unnoticed by Iran’s Central Bank Governor Al-Reza Nobari, who watched as his country sank deeper into debt while the Shah and his American bankers got filthy rich. Nobari declared, “All the banks knew that the Bank Omran was the Shah’s personal repository for his pocket money. But they went on lending to Bank Omran. Citibank lent, for example, $55 million to (the Shah’s sister) Princess Ashraf for a housing project. On the site of the housing project she built a palace.”

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Oct 2 2012

The Eight Families’ Rigged Oil Game

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By Dean HENDERSON, LEFT HOOK

(Excerpted from Chapter 7: The Four Horsemen: Big Oil & Their Bankers…)

After World War II – during which Royal Dutch Shell Chairman Sir Henry Deterding loudly supported the Nazis, while Exxon and Texaco collaborated with the Nazi I.G. Farben combine – the Four Horsemen turned their full attention to the Middle East. There the cartel operated under names like Iranian Consortium, Iraqi Petroleum Company and ARAMCO.

With the rise of the Organization of Petroleum Exporting Countries (OPEC) as a producer cartel, the companies devised increasingly sophisticated ways to diminish OPEC’s collective bargaining ability.

Nationalistic governments were destabilized, discredited and overthrown by the CIA at the behest of Big Oil. Henry Kissinger set up his International Energy Agency (IEA), which the French called a machine de guerre.

Both Nixon’s Twin Pillars Policy and Reagan’s Gulf Cooperation Council (GCC) were efforts to divide OPEC between wealthy banker nations and poor industrializing nations, with the Saudis playing the key role of swing producer in both schemes.

As oil trader George Perk once commented of the Four Horsemen/Saudi relationship, “The oil markets are not free markets. Oil company officials bribe officials in Saudi Arabia. They only get into the market for a fix.”

Following the Gulf War Jordan’s King Hussein commented of the Saudi role in diminishing OPEC’s bargaining power, “At the grassroots level, long-submerged feelings of resentment on the part of most Arabs toward the Saudis are now out of the bottle. We resent the fact that they buy everything – technology, protection, ideas, people, respectability… the Arab people are saying that the US and Saudi Arabia are indistinguishable, and from this they conclude that the Saudis are backing Israel. Have the Saudis no shame?”

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Sep 11 2011

NATO’s War Crimes in Libya : Who Grieves for the Fallen Heroes?

 

 

 

 

 

 

 

by Prof. James Petras

‘The conquest and occupation of Libyan is first and foremost a military victory for NATO. Every aspect of the military offensive was spearheaded and directed by NATO air, sea and ground forces. The NATO invasion of Libya was basically a response to the “Arab spring” : the popular uprisings which spread from North Africa to the Persian Gulf . The NATO assault formed part of a general counter-attack designed to contain and reverse the popular democratic and anti-imperialist movements which had ousted or were on the verge of overthrowing US-client dictators.

Political and military considerations were foremost in motivating the NATO invasion: As late as May 2009, the U.S. and European regimes were developing close bilateral military, economic and security agreements with the Gaddafi regime. According the British daily, the Independent (9/4/2011), official Libyan documents found in its Foreign Office described how on December 16, 2003, the US CIA and British MI6 established close collaboration with the Gaddafi government. The MI6 provided Gaddafi with details on Libyan opposition leaders exiled in England and even drafted a speech for him as he sought rapprochement with the outside world.

U.S. Secretary of State Clinton presented Mutassin Gaddafi to the Washington press during a visit in 2009 stating, “I am very pleased to welcome Minister Gaddafi to the State Department. We deeply value the relationship between the United States and Libya . We have many opportunities to deepen and broaden our co-operation and I am very much looking forward to building on this relationship.”(examiner.com 2/26/2011).

Between 2004-2010 the largest oil and petroleum service multinational corporations, including British Petroleum, Exxon Mobil, Halliburton, Chevron, Conoco and Marathon Oil joined with military-industrial giants like Raytheon and Northrop Grumman, Dow Chemical and Fluor and signed enormous investments and sales deals with Libya (examiner.com op cit).

In 2009, the U.S. State Department awarded a $1.5 million dollar grant to train Libyan civilian and government security forces. The White House budget for 2012 included a grant for training Libyan security forces. General Dynamics signed a $165 million dollar deal in 2008 to equip Libya ’s elite mechanized brigade (examiner.com ibi).

On August 24, 2011 Wikileaks released US embassy cables from Tripoli , which described the positive assessment a group of leading Republican senators had made of US-Libyan relations in during their visit in late 2009. These cables highlighted ongoing security training programs involving Gaddafi’s police and military, as well as the US’ strong support for the regime’s repression of radical Islamists, many of whom are now leading the NATO-backed ‘rebel forces’ now occupying Tripoli.

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