“Control food and one controls people; control finance and one controls governments, but control oil and one can control the destinies of nations “ Henry Kissinger 1972.
It was oil that made up the core of the wealth and power of the Rockefeller family. The founder John D Rockefeller started out in the oil business in 1863. First as an oil trader, then as a refiner, then as the sole refiner in America. Over the next 50 years, his company, Standard Oil became the largest business enterprise in the world.
At the end of the Second World War, in 1945, his five grandsons became the leaders of the American Empire that would soon come to dominate the world. Besides the oil business, the family also had branched out into finance, The result was the Rockefeller family came to dominate American finance, through its control of such key institutions as the Federal Reserve Bank of New York, Citigroup, Chase Manhattan (or JP Morgan Chase), American Express and others. Through control of finance, they became controlling shareholders in a variety of businesses, from IBM, Intel, GE, Boeing, Microsoft, and thousands of other companies.
Along with this came their grip on the social side of the world. They were after total control over all aspects of human life, from education, to health, to food, entertainment, religion, media, and food.
The family had one constant motto, right from 1865 till now: “Competition is a sin”.
The Rockefeller family took the long view, planning things out that would show results after decades. Remember, an oil field takes about 30 to 40 years from discovery to full extraction of all the oil in the ground.
Coming to the current time period, we find that the international oil companies (IOC) have about 100 billion barrels of oil as reserves on their books. These companies are ExxonMobil, Chevron, BP, Shell, Total, and many other smaller privately-owned or listed companies.
The total global oil reserves are around 1 trillion barrels. This means that the IOC’s own roughly 10% of all the oil in the world. The balance, 90%, is owned by many national oil companies (NOC). These are such companies as Aramco (Saudi Arabia), Gazprom and Rosneft (Russia), and the national, state-owned or controlled companies owned by the governments of Angola, Nigeria, Venezuela, Brazil, Argentina, Mexico, Libya, Iran, Iraq, the Gulf States. And the Rockefeller Empire wants that remaining 90% under their control. It’s very possible, and do-able. And more often than not, New York achieves its aims.
New York has come out with a brilliant strategy. In June 2014, in a deal made between Saudi Arabia and Washington, both parties agreed to start dropping the price of oil, and to pump more, thus bringing on the decline in oil prices at a much faster rate. New York told Saudi Arabia that this would hurt its two main enemies in the region – Russia and Iran. It is an exact repeat of what happened in 1986. The price fall then brought about the collapse of the Soviet Union, as well as defeating Iran in 1988, in its war with Iraq.
Only this time, New York wasn’t being fully open with Riyadh. The Rockefeller game plan was to cause such a drop in oil prices that the national oil companies would be badly affected financially. And it is what is happening currently. There is talk of privatizing, or listing parts of national oil companies, such as Petrobras, Rosneft, Aramco, and a few others.
Prices are sliding. Oil storage around the world are nearly full. And yet, production is increasing. Expect the oil price to drop even further when there is no more storage place left. Industry experts are saying that it could happen within the next few months.
Venezuela, Brazil, Mexico, Ecuador, Bolivia, Iraq, Russia, Nigeria, Angola have all been very badly hit. The Arab oil exporters have got enough financial reserves to see them through the next five years, even with oil as low as $20. Furthermore, the cost of extracting oil in the Arab world ranges from $1 (Saudi Arabia) to as high as $11 (Iran). So, they do not have a cost-loss problem, with low oil prices.
A second point to note is that the financial reserves of the Arab oil exporters would be diminishing at a faster rate as tensions increase in the region. Military spending is going through the roof. So, it is a race between winning the twin battles of low oil prices and increasing military costs before the money runs out.
Every time something negative happens to America, and the world thinks that the power of America is finished, the Rockefeller Empire comes up with another brilliant strategy. This has happened time and again.
It is my assumption that this time around, the US is once again going to see a successful end to this new strategy. The war in Syria is not going to end. Rather it is going to suck in more players from around the world. All the while, America is going to sit back, manipulate events, and watch all their opponents fall one by one. It will suit America to keep the fire stoked in Syria.
At the end of it all, New York will come in and take over the most-weakened national oil companies, then move onto the next national oil company, until ALL the oil in the world is under their control. When that happens, we will be nostalgic about oil prices at $50; rather we would be paying through our noses for it. This complete control over the world’s energy reserves will extend the hold that the American Empire has over the world, by another decade or two, at the most.
In conjunction with the fall in oil prices and all other commodities, is a similar move on the financial side. There is, currently, a global financial war going on. And New York seems to be winning this as well. The financial warfare issue will be discussed more fully in the March issues.
