From Veterans Today
By Dean Henderson
''A tidal wave of mergers at the turn of the millennium transformed
Sampson’s Seven Sisters – Royal Dutch/Shell, British Petroleum, Exxon,
Mobil, Chevron, Texaco and Gulf – into a more tightly controlled cartel
which, in my book Big Oil & Their Bankers…, I term the Four Horsemen: Exxon Mobil, Chevron Texaco, BP Amoco and Royal Dutch/Shell.
By the late 1800’s John D. Rockefeller had become popularly known as
“the Illumination Merchant” during a time when oil was powering the
reading lamps of every American household. Rockefeller figured out that
it was the refining of oil into various end products and not actual
crude production which held the key to control of the industry.
By 1895 his Standard Oil Company owned 95% of all refineries in
theUSwhile expanding operations overseas. Summing up his attitude
towards his new oil monopoly, Rockefeller once stated, “The day of
combination is here to stay. Individualism is gone never to return.''
read more
No comments:
Post a Comment