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All about the Oil Wars

Wed Apr 9 03:36:34 2003
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All about the Oil Wars

"The trouble with this country is that you can't win an election without the oil bloc, and you can't govern with it."
Franklin D. Roosevelt
http://www.hermes-press.com/oilrulers1.htm

[snip]

Even though Iraq is under an embargo at present, it's estimated that Iraq ships approximately 100,000 barrels of illicit oil (in excess of the U.N.-approved export quota) per day. At the end of the U.S. rulers' war against Serbia in Bosnia and Kosovo, an embargo was slapped on Serbia. However, recently Serbia has been receiving blackmarket oil from Russia. That's why U.S. Navy SEALs recently boarded a Russian ship in the Gulf of Oman: to warn the Russians not to continue selling oil to Serbia.

The world oil cartel continues to fix gasoline prices worldwide. As this article is being written, for example, prices in California have skyrocketed. During the past year, world crude oil prices have increased by approximately 340%. The April 1999 decision by OPEC to cut production quotas contributes to the hyperinflation of oil prices, but it's only a part of the problem. OPEC now produces about 40% of the world's oil supply.

The real cause of the current rise in price for oil is that speculators are now moving into what are called hard commodities: energy, base metals, and food. On March 8, 2000, Iranian Oil Minister, Bijan Namdar Zanganeh, pointed out in a speech on Iran State TV that speculation, rather than physical shortages in crude oil, lay behind the current surge in oil prices.

This series deals with plutocracy, the rule of a nation by those with wealth. Plutocrats deal in all sectors of the economy, oil as well as all others. Currently these plutocratic speculators are making billions of dollars through their Wall Street scam, primarily in the technology stocks which are being artificially inflated beyond any relation to the real value of the companies offering the stocks.

For example, in February, 2000, Bloomberg News reported that the stock of the $23 million Internet company NetJ.com, which went public in November, 1999, had doubled in share price to nearly $4. This occurred despite the fact that the company plainly disclosed in documents submitted to the Securities and Exchange Commission that it not only had no profits but no revenues and in fact that it did no business of any kind. The documents indicated that NetJ.com might begin doing business soon, but perhaps not. If it did begin doing business, it had no specific idea what kind of work it would do.

Along with their hyperinflationary speculation in the markets, oil corporations continue to buy politicians, resulting in Oil Rulers dominating every nation in the world.
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ARE WE PUMBING ANY OIL IN WEST TEXAS?