Oily Politics Grease the Wheels of Control
June 5, 2010
The Obama Administration, in keeping with Rahm Emmanuel’s philosophy of “never letting a serious crisis go to waste” is using the BP oil calamity to its advantage. In order to understand the scope of the problem, we must begin by looking at a brief history of BP and how deeply energy markets affect politics. Last week, Obama pretended to accept responsibility for the oil spill, but then ridiculously claimed that he didn’t know that the ties of corruption between the oil companies and politicians would extend past Bush’s administration into his time in office.(1) This is completely absurd, given the long history of oil and energy corruption in America. . BP’s genesis began with the discovery of oil in Iran in 1908 by William Knox D’Arcy and became the Anglo-Persian Oil Company. In 1923, Winston Churchill was secretly paid 5000 British pounds to lobby the British government in order to create a monopoly over Iranian oil. In 1951, the pro-Western Prime Minister was assassinated and the Iranian Parliament nationalized the oil industry by unanimous vote, and elected a new nationalist Prime Minister, Mossadeq. By 1953, the CIA, with British support, led a coup against Mossadeq and he was ousted.
In 1954 the Anglo- Iranian Oil Company changed its name to British Petroleum and became an international consortium that shared profits with Iran at a 50-50 split. The company was 40% owned by Iran, 40% owned by 5 American companies and 20% owned by Royal Dutch Shell and the French Petroleum Company. No Iranians were allowed on the Board of Directors or to audit the company. The 5 American companies include Exxon, Gulf Oil, Mobil, Standard Oil and Texaco; all of which were controlled, merged or or owned by parent companies affiliated with the Rockefeller family over time.(2) . The provenance of later acquisitions and the creation of subsidiaries are intentionally complex, and it is unlikely that the Rockefellers relinquished control over their oil monopoly when it was broken up as a result of the Sherman Antitrust Act.(3) Oil cartels traditionally engage in price fixing. While BP is currently a publicly traded company, this does not mean that stockholders control the company.
In 1979 the Ayatollah Khomeini broke all contracts and gave 90% ownership to BP oil and Iran retained a 10% interest. In 1998, BP merged with Amoco (a subsidiary of Standard Oil), and in 2000, acquired ARCO.
Peter Sutherland was the non- executive chairman of BP for 13 years, until the end of 2009 and is an example of the the type of leadership that rules the world. His “accomplishments” include being non- executive Chairman of Goldman Sachs, director of the Bank of Scotland (until it was taken over by the UK government to avoid bankruptcy), former Director General of GATT (now the World Trade Organization), a chairman of the Trilateral Commission and a UN Goodwill Ambassador. Sutherland was instrumental in the UK’s immigration mess, negating Ireland’s ban on abortion and is reported to be on the steering committee of the Bilderberg group. He has been succeeded by Carl-Henric Svanberg, former CEO of Ericsson telecommunications.(4)
While Obama has claimed full authority over this environmental horror, he did not stop the use of the toxic dispersant “Corexit”. Corexit is produced by NALCO, originally named the National Aluminate Corporation, which formed a limited partnership with Exxon Chemical Company in 1994. Ondeo Nalco was purchased by Goldman Sachs, Apollo and Blackstone in 2003 and is currently a publicly traded company. Given NALCO’s business ties, it seems that safe and natural cleanup methods were avoided in the Gulf to pursue an economic agenda. The use of Corexit in Alaska, after the Exxon Valdez disaster, resulted in toxicity to humans that included respiratory, nervous system, liver, kidney and blood disorders.(5)