(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…
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