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Author Topic: Iran cuts off oil supplies to Britain, France  (Read 8921 times)

Offline zorgon

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Iran cuts off oil supplies to Britain, France
« on: February 19, 2012, 06:25:48 PM »
Iran cuts off oil supplies to Britain, France
19 February, 2012, 17:02



Iranian President Mahmoud Ahmadinejad (C) tours the Abadan oil refinery during the inauguration of a petrol making unit in the southwestern city of Abadan on May 24, 2011 (AFP Photo / ISNA / Amir Pourmand)

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The move was confirmed by the country’s Oil Ministry, with the spokesman saying that Iran will be “selling its oil to new customers”.

The decision is not expected to have a big impact, as France only bought three percent of its oil ? 58,000 barrels a day ? from the Islamic republic last year, and Britain buys less than 1 per cent.

But it was seen as a warning shot to other EU nations that are bigger consumers of Iranian oil, including Italy, Spain and Greece. The latter would be the most affected, should Iran go ahead with the cuts, as crisis-hit Greece gets more that 30 percent of its oil needs from the Islamic Republic.

As a whole, the bloc currently buys about 18% of Iran's oil exports. Iran is the world’s 4th largest oil supplier, with China, India and Japan its largest buyers.

Earlier this month, Iran's Oil Minister threatened to cut the Republic’s oil exports to "some" European countries. "We have our own customers … The replacements for these companies have been considered by Iran," Nikzad said.

News of Iran cutting supplies to 6 EU member states caused a lot of concern in Europe – and in world’s markets, with the price of Brent oil jumping above $120 a barrel.

The move to cut supplies to France and Britain appears to be a response to the European Union decision to ban Iranian oil imports. The ban was introduced as a part of ongoing economic sanctions designed to force the Islamic Republic to give up its controversial nuclear program.

The measures have hit Iran’s economy hard, but Tehran has remained defiant and simply responded by ramping up its nuclear activities.

Last week, Iran said it had installed another 3,000 centrifuges to increase its uranium enrichment capabilities.

Iran cuts off oil supplies to Britain, France

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #1 on: February 19, 2012, 06:28:20 PM »
Iran cuts oil exports to British, French firms
Sun Feb 19, 2012 1:8PM GMT



Iran’s Oil Ministry announces it has cut oil exports to British and French firms in line with the decision to end crude exports to six European states.

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The move comes as Iranian Oil Minister Rostam Qasemi had earlier hinted at the possibility of Iran’s halting oil exports to certain European countries.

Iranian Oil Ministry Spokesman Alireza Nikzad-Rahbar said Sunday that Iran has no problem in exporting and selling crude oil to its customers.

“We have our own oil customers and replacements for these [British and French] companies have already been chosen and we will sell the crude oil to new customers instead of the British and French companies,” Nikzad-Rahbar pointed out.

European Union foreign ministers agreed to ban oil imports from Iran on January 23 and to freeze the assets of the Iranian Central Bank across the EU in a bid to pressure Iran over its nuclear program.

The sanctions will become fully effective on July 1, 2012, to give EU member states enough time to adjust to the new conditions and find alternative crude oil supplies.

Despite the widely publicized claims by the US, Israel and some of their European allies that Iran's nuclear program may include a military aspect, Tehran insists its nuclear work is civilian in nature.

Iran argues that as a signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Agency (IAEA), it has the right to develop and acquire nuclear technology for peaceful purposes.

The IAEA has conducted numerous inspections of Iran's nuclear facilities but has never found any evidence indicating that Tehran's civilian nuclear program has been diverted towards nuclear weapons production.

MP/PKH/HGH

Iran cuts oil exports to British, French firms

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #2 on: February 19, 2012, 06:40:08 PM »
Want to know the real reason why gas prices are high?

Reposted from ATS

Originally posted by Drew99GT at ATS
In 2008, according to this article, 2 men and 1 trading firm caused the entire ramp up in gas prices in 2008 because they bought 84 percent of all deliverable oil.  They essentially caused a shortage and bet against that shortage in the futures market.


  • The CFTC complaint alleges that the traders carried out the scheme in January and March 2008.  By mid-January they had accumulated 4.6m barrels of physical oil, or two-thirds of oil available for delivery against the February WTI futures contract. In March they bought 6.3m barrels, equal to 84 per cent of oil available for delivery against the April contact.  The regulator alleged that Parnon Energy, a US oil trader, together with its Swiss and UK affiliates Arcadia Energy (Suisse) and Arcadia Petroleum, made more than $50m from the scheme in January and March 2008 [...]  The buying created the impression of a shortage and pushed up the price of WTI futures on the New York Mercantile Exchange. Ahead of their move in the physical market, the traders allegedly bought large amounts of futures and other financial instruments that would profit from a price rise.  “They wanted to lull market participants into believing that supply would remain tight,” the CFTC said. “They knew that as long as the market believed that supply was tight and getting even tighter, there would be upward pressure on the prices of WTI for February delivery relative to March delivery, which was their goal.”

CFTC Charges Oil Traders in 2008 Speculation Scheme

Well, last year the Dodd Frank amendment went into effect and the CFTC is limiting the amount of physical oil that a financial speculator can own at 25%.  That means the largest wall street investment banks can now only own 25% of all physically available oil to speculate with using futures.

  • The rule limits traders to 25 percent of deliverable supply in the month nearest to delivery. The spot-month limits apply separately to physically settled and cash-settled contracts. Deliverable supply will be determined by the CFTC in conjunction with the exchanges.

Top U.S. Regulator Approves New Limit on Commodity Speculation in 3-2 Vote

There you have it.  Gasoline demand is at a 10 year low and the United States has a surplus of gasoline that is being sold to other nations, and we now have the highest gas prices this early in the year in history, and it's all because bought and paid for politicians allow greedy speculators to rape us all blind.

  • Gasoline fell as U.S. demand for the motor fuel reached a 10-year low and supplies of the motor fuel rose to the highest level in 11 months.

Gasoline Slips as Demand at 10-Year Low Swells Fuel Inventories

  • Faced with sluggish sales at home, American refineries are shipping gasoline, diesel and other petroleum products abroad in record amounts, turning the country into a net exporter of fuel.

U.S. refiners send gas overseas

  • Gasoline prices have never been higher this time of the year.

Gas prices are highest ever for this time of year

All of this was summarized by someone on Reddit.

Guess what law goes into effect the same exact year oil is supposed to hit $5 a gallon? OMFG, you guessed it! A law allowing Goldman Sachs to buy 25% of all oil on the market

You can bet your bottom dollar that war with Iran will be the next excuse speculators will use to rape the public of their hard earned money through high gas prices.

The American public is so apathetic and so clueless that probably 5% of the population knows about this stuff, and that's why they can get away with it.


19-2-2012 by Drew99GT at ATS
« Last Edit: February 19, 2012, 06:46:29 PM by zorgon »

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #3 on: February 19, 2012, 10:25:41 PM »
Americans are Suckers

There is no nice way to put it... When Bush and his Robber Oil Barons decided to blast Iraq back to the stone age, we heard "Because of what they did on 9/11"... "Because Osama Bin Ladin did it"... "Because we have to fight a war on terror"... "Well... they have WMD's (Weapons of Mass Destruction)"

Okay so we all know that was all a bunch of lies to get us to go to war...

9/11?...  Iraq had nothing to do with it, neither did Osama... in fact the FBI was NOT looking for him in relation to 9/11... (see below)

War on Terror?... Wernher von Braun told us America would create 4 enemies in order to ramp up armaments. 1) Russians 2)Terrorists 3) Asteroids 4) False Flag Alien Invasion

Well we had the 'Cold War' and McCarthyism; #2 is well under way; #3 has been in the news every time there is a passing space rock about to wipe us out; and #4 even the History Channel has done a documentary about.

People forget that we are NOT at "War" with Iraq... we went in to take out their leader, who we supported before and armed up against Iran. It's called "Operation Iraqi Freedom' because we are fighting to free THEM (with benefits to us naturally)

WMD's?... well we all know the truth of that now don't we? (If not see below)

On September 10th 2001 Rumsfeld says $2.3 TRILLION Missing from Pentagon. The next day all hell breaks loose and we need to spend even MORE money



The first thing we did in Iraq was secure the oil wells :o Wouldn't want them set on fire like they did in Kuwait after all...

But back to Exxon Mobile....
« Last Edit: February 19, 2012, 10:27:41 PM by zorgon »

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #4 on: February 19, 2012, 10:32:24 PM »
ExxonMobil Laps up Iraq War Profits

Reprinted with permission _ Spread this around and sign the petition

By Nick Mottern, Director, ConsumersforPeace.org

“EXXON GUNS FOR ALL-TIME PROFIT RECORD” declared CNNMoney.com on January 23, 2008, explaining:


“ExxonMobil, the world’s largest publicly traded oil company, is within striking distance of setting an all-time profit record – again.”

As ExxonMobil prepares to celebrate what could be a record profit of more than $10 billion for the last quarter of 2007, jubilant company officials and stockholders might want to join in a moment of silence for the more than one million war dead in Iraq – Iraqi and American combined. They paid the ultimate price in a war in which ExxonMobil has had a hand and which we can estimate is responsible for at least $2.5 billion of ExxonMobil’s latest profit.

This estimate of ExxonMobil’s war profit, between 20 and 30 percent of its overall profit, was kindly provided at my request by Dean Baker, economist and co-diretor of the Center for Economic and Policy Policy Research, who said that the excess profit can be traced to: (1) the loss of at least one million barrels a day of Iraqi oil production due to the war; and (2) “the additional uncertainty about supplies created by the war.”

“I’m just speculating,” Dr. Baker says, “but the price of oil is probably about $10 to $22 a barrel higher because of the war” attributed to the two factors noted above.   “If (oil) prices were 10 – 20 percent lower, Exxon’s profits might be 20 – 30 percent lower.”

Dr. Baker, who has testified before Congress on the oil industry, specializes in evaluating the social costs of political decisions, studying housing, Social Security and Medicare, as well as oil.

What this analysis means is that the Iraq War is not only a major factor in the profits of ExxonMobil and other major oil companies, but in the cost of gasoline and petroleum products in the U.S. and around the world. The $150 billion plus economic stimulus package before Congress is prompted in part by the oil price inflation besetting U.S. consumers.

CNN reports that: “For every $1 (a barrel increase) in the price of oil, Exxon makes (another) $125 million for the quarter…Exxon is expected to make $39.2 billion for all of 2007, just shy of its previous record of $39.5 billion in 2006, which breaks down to the company earning about $75,000 a minute.”

ExxonMobil benefits greatly from the Iraq War not only because of the inflation of oil prices but because it is among the largest sellers of petroleum products to the Pentagon.   ExxonMobil received more than $4.2 billion from sales to the U.S. military between FY 2003 and 2007. The other two top sellers to the Pentagon for this period are: Shell - $5.6 billion; and BP - $4.7 billion.

There is strong circumstantial evidence that ExxonMobil and several other of the oil majors encouraged the invasion of Iraq because of its vast pools of oil. Further, there is also an indication that ExxonMobil, along with other Western oil companies, was involved prior to the 2003 invasion in defining a new oil law for Iraq that would bring the firms exceptional profits. That law, backed by the U.S. Congress, has met strong opposition in Iraq, particularly from Iraqi oil workers. More information on ExxonMobil’s relationship to the Iraq War can be found at www.consumersforpeace.org.

ExxonMobil, Shell, BP, Chevron, ConocoPhillips, Valero and Marathon now import Iraqi oil for refining in the U.S.   What they seek in the new oil law is significant, long-term control of Iraqi oil at prices more favorable than they pay in most other nations.

The idea that the Iraq War and its incendiary potential for the Middle East are contributing to oil price inflation is reinforced in the 2006 report “The Economic Cost of the Iraq War: An Appraisal Three Years After the Beginning of the Conflict” by Linda Bilmes and Joseph Stiglitz: 

“We believe…the impact of Iraq on oil prices is a large proportion of the $45-a-barrel increase since the war began…Given U.S. imports of roughly five billion barrels a year, a $10-per-barrel increase translates into an extra expenditure of approximately $50 billion. Americans are poorer by that amount…if we base our estimates on a $10 price increase, and assume…it extends for a least six years, the cost is $300 billion.”

They go on to say that the impact of this increased cost results in reduced consumer purchasing and economic output which, over the six-year period just mentioned, could raise the total cost to the U.S. economy to $450 billion.   This level of cost is one that might be used to measure the effectiveness of the amount in the current economic stimulus package, suggesting that it is likely be just the first of a series.

Professor Bilmes, former Assistant Secretary and Chief Financial Officer of the U.S. Department of Commerce, teaches public finance at Harvard’s Kennedy School. Professor Stiglitz, winner of the Nobel Prize for economics in 2001 and a former chair of the Council of Economic Advisors, teaches economics at Columbia University.

(Note: A petition in support of the Big Three Oil Boycott against ExxonMobil, Shell and BP, to be conducted until all U.S. forces are out of Iraq, can be accessed at www.consumersforpeace.org, as well as the Consumer’s Guide to Gasoline, offering a listing of alternative brands.)

Nick Mottern has worked as a reporter for the Providence (RI) Journal and Evening Bulletin and the former newsletter Consumer News, as a researcher and writer for the former Senate Select Committee on Nutrition and Human Needs, as a lobbyist for Bread for the World, as a writer and organizer for Maryknoll Fathers and Brothers and as an organizer in New York’s Hudson Valley. He is a member of the board of Traprock Peace Center in Greenfield, MA.

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ExxonMobil Laps up Iraq War Profits


Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #5 on: February 19, 2012, 10:54:12 PM »
So while Americans are shelling out at the gas pumps and telling themselves its necessary "because of the war". Exxon is raking in the loot and laughing all the way to the bank

What can we do? A BOYCOTT of Exxon Mobile and their partners. Sure the other companies are evil too but Americans will NEVER boycott gasoline. We are to attached to our cars...

But If we hit the big one that is openly bragging about high profits in their pocket book, they will feel the pinch. Shell is an option because they are run by Royal Dutch Shell so that cash does not go into the pockets of the local Oil Barons... and Shell has made serious efforts to bring Hydrogen into the market... so lesser of the evils and send Exxon a clear message.

And this would require little more effort than going to the other station across the street or down the block... a truly silent and anonymous protest.

There is more you need to know about Exxon... and hopefully you will get the message and sock it to them..

Exxon is a chain of gas stations as well as a brand of motor fuel and related products by ExxonMobil. From 1972 to 1999, Exxon was the corporate name of the company previously known as Standard Oil Company of New Jersey or Jersey Standard.

Now lets trace all this back in history.  It is very important that you understand the connections here that go way back before NAZI Germany. A lot of this is now easy to find on the net and even in Wikipedia. In other words the TRUTH is out there for all to see... and still WE DO NOTHING

I will try to keep it to key points, but please follow the links and take the time to learn the whole story

Standard Oil

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Standard Oil was a predominant American integrated oil producing, transporting, refining, and marketing company. Established in 1870 as a corporation in Ohio, it was the largest oil refiner in the world and operated as a major company trust and was one of the world's first and largest multinational corporations until it was broken up by the United States Supreme Court in 1911.

John D. Rockefeller was a founder, chairman and major shareholder. As it grew exponentially and engaged in business strategies, tactics and practices that were lawful but drove many smaller businesses under, Standard Oil became widely criticized in the public eye, even as it made Rockefeller the richest man in modern history. Other notable Standard Oil principals include Henry Flagler, developer of Florida's Florida East Coast Railway and resort cities, and Henry H. Rogers, who built the Virginian Railway (VGN), a well-engineered highly efficient line dedicated to shipping southern West Virginia's bituminous coal to port at Hampton Roads.

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In response to state laws trying to limit the scale of companies, Rockefeller and his associates developed innovative ways of organizing, to effectively manage their fast growing enterprise. In 1882, they combined their disparate companies, spread across dozens of states, under a single group of trustees. By a secret agreement, the existing thirty-seven stockholders conveyed their shares "in trust" to nine Trustees: John and William Rockefeller, Oliver H. Payne, Charles Pratt, Henry Flagler, John D. Archbold, William G. Warden, Jabez Bostwick, and Benjamin Brewster.[10] This organization proved so successful that other giant enterprises adopted this "trust" form.

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Also in 1890, Congress passed the Sherman Antitrust Act — the source of all American anti-monopoly laws. The law forbade every contract, scheme, deal, or conspiracy to restrain trade, though the phrase "restraint of trade" remained subjective. The Standard Oil group quickly attracted attention from antitrust authorities leading to a lawsuit filed by Ohio Attorney General David K. Watson.

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The Standard Oil Trust was controlled by a small group of families. Rockefeller stated in 1910: "I think it is true that the Pratt family, the Payne-Whitney family (which were one, as all the stock came from Colonel Payne), the Harkness-Flagler family (which came into the Company together) and the Rockefeller family controlled a majority of the stock during all the history of the Company up to the present time"

Standard Oil - Wikipedia

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #6 on: February 19, 2012, 11:02:06 PM »
Monopoly charges and anti-trust litigation


Puck magazine cartoon, "The Infant Hercules and the Standard Oil serpents", May 23, 1906 issue; depicting U.S. President Theodore Roosevelt "grabbing the head of J.P. Morgan (?) and the snake-like body of John D. Rockefeller", according to store Web page. Frank Arthur Nankivell (signature in upper lefthand corner)

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By 1890, Standard Oil controlled 88% of the refined oil flows in the United States. The state of Ohio successfully sued Standard, compelling the dissolution of the trust in 1892. But Standard only separated off Standard Oil of Ohio and kept control of it. Eventually, the state of New Jersey changed its incorporation laws to allow a company to hold shares in other companies in any state. So, in 1899, the Standard Oil Trust, based at 26 Broadway in New York, was legally reborn as a holding company, the Standard Oil Company of New Jersey (SOCNJ), which held stock in 41 other companies, which controlled other companies, which in turn controlled yet other companies. This conglomerate was seen by the public as all-pervasive, controlled by a select group of directors, and completely unaccountable

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In 1904, Standard controlled 91% of production and 85% of final sales. Most of its output was kerosene, of which 55% was exported around the world. After 1900 it did not try to force competitors out of business by underpricing them.[26] The federal Commissioner of Corporations studied Standard's operations from the period of 1904 to 1906[27] and concluded that "beyond question... the dominant position of the Standard Oil Company in the refining industry was due to unfair practices—to abuse of the control of pipe-lines, to railroad discriminations, and to unfair methods of competition in the sale of the refined petroleum products"

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In 1909, the US Department of Justice sued Standard under federal anti-trust law, the Sherman Antitrust Act of 1890, for sustaining a monopoly and restraining interstate commerce

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The government identified four illegal patterns: 1) secret and semi-secret railroad rates; (2) discriminations in the open arrangement of rates; (3) discriminations in classification and rules of shipment; (4) discriminations in the treatment of private tank cars.

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On May 15, 1911, the US Supreme Court upheld the lower court judgment and declared the Standard Oil group to be an "unreasonable" monopoly under the Sherman Antitrust Act. It ordered Standard to break up into 34 independent companies with different boards of directors, the biggest two of the companies were Exxon and Mobil.[35]

Standard's president, John Rockefeller, had long since retired from any management role. But, as he owned a quarter of the shares of the resultant companies, and those share values mostly doubled, he emerged from the dissolution as the richest man in the world.

Standard Oil - Wikipedia

So now lets follow the break up and see where all the pieces fell...

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #7 on: February 19, 2012, 11:22:28 PM »
Breakup

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By 1911, with public outcry at a climax, the Supreme Court of the United States ruled that Standard Oil must be dissolved under the Sherman Antitrust Act and split into 34 companies. Two of these companies were Jersey Standard ("Standard Oil Company of New Jersey"), which eventually became Exxon, and Socony ("Standard Oil Company of New York"), which eventually became Mobil.

So the biggest pieces became Exxon and Mobile, who are currently today once again combined...

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Over the next few decades, both companies grew significantly. Jersey Standard, led by Walter C. Teagle, became the largest oil producer in the world. It acquired a 50 percent share in Humble Oil & Refining Co., a Texas oil producer. Socony purchased a 45 percent interest in Magnolia Petroleum Co., a major refiner, marketer and pipeline transporter. In 1931, Socony merged with Vacuum Oil Co., an industry pioneer dating back to 1866, and a growing Standard Oil spin-off in its own right.

In the Asia-Pacific region, Jersey Standard had oil production and refineries in Indonesia but no marketing network. Socony-Vacuum had Asian marketing outlets supplied remotely from California. In 1933, Jersey Standard and Socony-Vacuum merged their interests in the region into a 50–50 joint venture. Standard-Vacuum Oil Co., or "Stanvac", operated in 50 countries, from East Africa to New Zealand, before it was dissolved in 1962.

Other Standard Oil breakup companies include "Standard Oil of Ohio" which became SOHIO, "Standard Oil of Indiana" which became Amoco after other mergers and a name change in the 1980s, "Standard Oil of California" became the Chevron Corporation.

So Standard Oil back then is now Exxon, Mobile Amoco and Chevron (the big ones)

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The U.S. Supreme Court ruled in 1911 that antitrust law required Standard Oil to be broken into smaller, independent companies. Among the "baby Standards" that still exist are ExxonMobil and Chevron. Some have speculated that if not for that court ruling, Standard Oil could have possibly been worth more than $1 trillion today

The competitors that are still independent

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Some economic historians have observed that Standard Oil was in the process of losing its monopoly at the time of its breakup in 1911. Although Standard had 90% of American refining capacity in 1880, by 1911 that had shrunk to between 60 and 65%, due to the expansion in capacity by competitors. Numerous regional competitors (such as Pure Oil in the East, Texaco and Gulf Oil in the Gulf Coast, Cities Service and Sun in the Midcontinent, Union in California, and Shell overseas) had organized themselves into competitive vertically integrated oil companies,

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Some analysts argue that the breakup was beneficial to consumers in the long run, and no one has ever proposed that Standard Oil be reassembled in pre-1911 form.[43] ExxonMobil, however, does represent a substantial part of the original company.

Standard Oil - Wikipedia

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Currently, three supermajor companies own the rights to the Standard name in the United States: ExxonMobil, Chevron Corporation, and BP. BP acquired its rights through acquiring Standard Oil of Ohio and Amoco, and has a small handful of stations in the Midwestern United States using the Standard name. Chevron has one station in each state it owns the rights to branded as Standard except in Kentucky, which it withdrew from in July 2010.[44] ExxonMobil keeps the Esso trademark alive at stations that sell diesel fuel by selling "Esso Diesel" displayed on the pumps. ExxonMobil has full international rights to the Standard name, and continues to use the Esso name overseas


This map shows by state which company currently has the rights to the Standard Oil name. ExxonMobil has full international rights and continues to use the Esso name overseas. Kentucky is currently held by Chevron, however its status is up in the air after Chevron withdrew retail sales from Kentucky in July 2010.

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The successor companies from Standard Oil's breakup form the core of today's US oil industry. (Several of these companies were considered among the Seven Sisters who dominated the industry worldwide for much of the twentieth century.) They include:

    Standard Oil of New Jersey (SONJ) - or Esso (S.O.) – renamed Exxon, now part of ExxonMobil. Standard Trust companies Carter Oil, Imperial Oil (Canada), and Standard of Louisiana were kept as part of Standard Oil of New Jersey after the breakup.
    Standard Oil of New York – or Socony, merged with Vacuum – renamed Mobil, now part of ExxonMobil.
    Standard Oil of California – or Socal – renamed Chevron, became ChevronTexaco, but returned to Chevron.
    Standard Oil of Indiana - or Stanolind, renamed Amoco (American Oil Co.) – now part of BP.
    Standard's Atlantic and the independent company Richfield merged to form Atlantic Richfield or ARCO, now part of BP. Atlantic operations were spun off and bought by Sunoco.
    Standard Oil of Kentucky – or Kyso was acquired by Standard Oil of California - currently Chevron.
    Continental Oil Company – or Conoco now part of ConocoPhillips.
    Standard Oil of Ohio – or Sohio, acquired by BP in 1987.
    The Ohio Oil Company – or The Ohio, and marketed gasoline under the Marathon name. The company is now known as Marathon Oil Company, and was often a rival with the in-state Standard spinoff, Sohio

    Anglo-American Oil Co. – acquired by Jersey Standard in 1930, now Esso UK

Standard Oil - Wikipedia

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #8 on: February 19, 2012, 11:32:29 PM »
Exxon




Exxon branded gas station in California, operated by Valero.

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Exxon formally replaced the Esso, Enco, and Humble brands in the United States on January 1, 1973. The Esso name was a trademark of Jersey Standard Oil, and attracted protests from other Standard Oil spinoffs because of its similarity to the name of the parent company, Standard Oil. As a result, Jersey Standard was restricted from using Esso in the U.S., except in those states awarded to it in the 1911 Standard Oil antitrust settlement.

 - In 1959, Jersey Standard gained full control of Humble Oil and restructured it into its U.S. marketing and refining division, to market nationwide under the Enco, Esso and Humble brands

 - In 1963, Humble Oil and Tidewater Oil Company began negotiating a sale of Tidewater's West Coast refining and marketing operations. The sale would have given Humble Oil a large number of existing Flying A stations and distributorships, as well as a refinery in California, the nation's fastest-growing gasoline market. However, the Justice Department objected to the sale on anti-trust grounds. (In 1966, Phillips Petroleum Company bought Tidewater's western properties and rebranded all Flying A outlets to Phillips 66.)

- In 1967, Humble Oil purchased all remaining Signal stations from Standard Oil Company of California (Chevron) and rebranded them as Enco outlets, greatly increasing Enco's presence in California. Finally, in 1969, Humble Oil opened a new refinery in Benicia, California.

 - In 1966, the U.S. Justice Department ordered Humble Oil to "cease and desist" from using the Esso brand at stations in several southeastern states, following protests from Standard Oil of Kentucky (Kyso), which was a Standard of California subsidiary in the process of rebranding its Standard stations to Chevron. By 1967, Humble Oil's Esso stations in the Southeast were rebranded to Enco.

 - But Humble Oil still faced stiff competition from such national brands such as Shell and Texaco, which at that time was the only company to market under one brand name in all 50 states. By the late 1960s, Humble officials realized that the time had come to develop a new brand name that could be used nationwide.

 - At first, consideration was given to simply rebranding all stations as Enco, but that was shelved when it was learned that the word "Enco" is similar in pronunciation to a Japanese term for "stalled car."

 - In 1972, Exxon was unveiled as the new, unified brand name for all former Enco and Esso outlets. At the same time, the company changed its corporate name from Standard Oil of New Jersey to Exxon Corporation. The rebranding came after successful test-marketing of the Exxon name, under two experimental logos, in the fall and winter of 1971-72. Along with the new name, Exxon settled on a rectangular logo using red lettering and blue trim on a white background, similar to the familiar color scheme on the old Enco and Esso logos.

Exxon - Wikipedia

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #9 on: February 19, 2012, 11:42:59 PM »
ExxonMobil



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Exxon Mobil Corporation (NYSE: XOM) or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas. It is affiliated with Imperial Oil which operates in Canada.

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ExxonMobil is one of the largest publicly traded companies by market capitalization in the world, having been ranked either No. 1 or No. 2 for the past 5 years, and is the second largest company in the world by market revenue. Exxon Mobil's reserves were 72 billion oil-equivalent barrels at the end of 2007 and, at then (2007) rates of production, are expected to last over 14 years. With 37 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels (1,000,000 m3), Exxon Mobil is the largest refiner in the world, a title that was also associated with Standard Oil since its incorporation in 1870.

ExxonMobil is the largest of the six oil supermajors with daily production of 3.921 million BOE (barrels of oil equivalent). In 2008, this was approximately 3% of world production, which is less than several of the largest state-owned petroleum companies. When ranked by oil and gas reserves it is 14th in the world with less than 1% of the total.

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The Exxon Mobil Corporation headquarters is located in Irving, Texas. ExxonMobil markets products around the world under the brands of Exxon, Mobil, and Esso. It also owns hundreds of smaller subsidiaries such as Imperial Oil Limited (69.6% ownership) in Canada, and SeaRiver Maritime, a petroleum shipping company.

The upstream division dominates the company's cashflow, accounting for approximately 70% of revenue. The company employs over 82,000 people worldwide, as indicated in ExxonMobil's 2006 Corporate Citizen Report, with approximately 4,000 employees in its Fairfax downstream headquarters and 27,000 people in its Houston upstream headquarters.

http://upload.wikimedia.org/wikipedia/commons/thumb/8/89/Big_Oil.svg/625px-Big_Oil.svg.png
Chart of the major energy companies dubbed "Big Oil", sorted by latest published revenue

History

Quote
Exxon Mobil Corporation was formed in 1999 by the merger of two major oil companies, Exxon and Mobil. Both Exxon and Mobil were descendants of the John D. Rockefeller corporation, Standard Oil which was established in 1870. The reputation of Standard Oil in the public eye suffered badly after publication of Ida M. Tarbell's classic exposé The History of the Standard Oil Company in 1904, leading to a growing outcry for the government to take action against the company.

Most of the history to this point is covered early under Standard Oil and Exxon..

 - Mobil Chemical Company was established in 1950. As of 1999, its principal products included basic olefins and aromatics, ethylene glycol and polyethylene. The company produced synthetic lubricant base stocks as well as lubricant additives, propylene packaging films and catalysts. Exxon Chemical Company (first named Enjay Chemicals) became a worldwide organization in 1965 and in 1999 was a major producer and marketer of olefins, aromatics, polyethylene and polypropylene along with speciality lines such as elastomers, plasticizers, solvents, process fluids, oxo alcohols and adhesive resins.

 - On March 24, 1989, the Exxon Valdez oil tanker struck Bligh Reef in Prince William Sound, Alaska and spilled more than 11 million US gallons (42,000 m3) of crude oil. The Exxon Valdez oil spill was the second largest in U.S. history, and in the aftermath of the Exxon Valdez incident, the U.S. Congress passed the Oil Pollution Act of 1990. An initial award of $5 billion USD punitive was reduced to $507.5 million by the US Supreme Court in June 2008, and distributions of this award have commenced.

 - In 1998, Exxon and Mobil signed a US$73.7 billion definitive agreement to merge and form a new company called Exxon Mobil Corporation, the largest company on the planet. After shareholder and regulatory approvals, the merger was completed on November 30, 1999. The merger of Exxon and Mobil was unique in American history because it reunited the two largest companies of John D. Rockefeller's Standard Oil trust, Standard Oil Company of New Jersey/Exxon and Standard Oil Company of New York/Mobil, which had been forcibly separated by government order nearly a century earlier. This reunion resulted in the largest merger in US corporate history.

Quote
In 2005, ExxonMobil's stock price surged in parallel with rising oil prices, surpassing General Electric as the largest corporation in the world in terms of market capitalization. At the end of 2005, it reported record profits of US $36 billion in annual income, up 42% from the previous year (the overall annual income was an all-time record for annual income by any business, and included $10 billion in the third quarter alone, also an all-time record income for a single quarter by any business). The company and the American Petroleum Institute (the oil and chemical industry's lobbying organization) put these profits in context by comparing oil industry profits to those of other large industries such as pharmaceuticals and banking

ExxonMobile - Wikipedia
« Last Edit: February 19, 2012, 11:54:35 PM by zorgon »

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #10 on: February 20, 2012, 12:52:15 AM »
Joint ventures and other strategic alliances

Quote
Imperial Oil 70% Ownership in Imperial Oil, Canada

Infineum is a joint venture between ExxonMobil and Royal Dutch Shell for manufacturing and marketing lubricant and fuel additives.

Aera Energy LLC is an E&P joint venture with Shell Oil, operating in California.

On 30 August 2011, ExxonMobil announced a $3.2 billion joint venture with Russian oil company Rosneft to develop two offshore oil fields in Russia, the East-Prinovozemelsky field in the Kara Sea and the Tuapse field in the Black Sea.

ExxonMobil Yugen Kaisha holds a 50.02 percent stake in TonenGeneral Sekiyu K.K., but in January 2012 TonenGeneral Sekiyu KK agreed to acquire 99 percent of ExxonMobil Yugen Kaisha for 302 billion yen ($3.9 billion). It is the biggest divesture for Exxon since the 1999 deal with Mobil Corporation and Exxon stake in TonenGeneral decline to 22 percent from 50 percent, but the Japanese refiner will retain exclusive rights to use its brands.

Exxon Mobile - Wikipedia

Standard Oil In China

Quote
Standard Oil's production increased so rapidly it soon exceeded US demand and the company began viewing export markets. In the 1890s, Standard Oil began marketing kerosene to China's large population of close to 400 million as lamp fuel. For its Chinese trademark and brand Standard Oil adopted the name "Mei Foo", translating roughly as beautiful and trustworthy or beautiful confidence. Mei Foo also became the name of the tin lamp that Standard Oil produced and gave away or sold cheaply to Chinese peasants, encouraging them to switch from vegetable oil to kerosene. Response was positive, sales boomed and China became Standard Oil's largest market in Asia. Prior to Pearl Harbor, Stanvac was the largest single US investment in SE Asia

Quote
Socony's North China Department operated a subsidiary called Socony River and Coastal Fleet, North Coast Division, which became the North China Division of Stanvac after that company was formed in 1933. To distribute its products, Standard Oil constructed storage tanks, canneries (bulk oil from large ocean tankers was re-packaged into 5-gallon tins), warehouses and offices in key Chinese cities. For inland distribution the Company had motor tank trucks and railway tank cars, and for river navigation it had a fleet of low draft steamers and other vessels. Stanvac's North China Division, based in Shanghai, owned hundreds of river going vessels, including motor barges, steamers, launches, tugboats and tankers.[20] Up to 13 tankers operated on the Yangtze River, the largest of which were Mei Ping (1,118 gt), Mei Hsia (1,048 gt),and Mei An (934 gt).

Quote
In the Asia-Pacific region, Jersey Standard had oil production and refineries in Indonesia but no marketing network. Socony-Vacuum had Asian marketing outlets supplied remotely from California. In 1933, Jersey Standard and Socony-Vacuum merged their interests in the region into a 50–50 joint venture. Standard-Vacuum Oil Co., or "Stanvac", operated in 50 countries, from East Africa to New Zealand, before it was dissolved in 1962.

Standard Oil - Wikipedia

Port Stanvac Refinery, Lonsdale, South Australia

Quote
It was announced in 1958 and began refining crude oil in 1963. It had a capacity of 3.3 million tons per annum. The refinery is owned by Exxon Mobil and has been inoperational since 2003

Brief mention here;
Lonsdale, South Australia
Port Stanvac Refinery


Mei Foo Sun Chuen

Quote
Mei Foo Sun Chuen (lit. "Mobil new estate") or simply Mei Foo is a large private housing estate in Lai Chi Kok , Kowloon, Hong Kong. Mei Foo Sun Chuen was the first private housing estate in Hong Kong and at the time of completion, the 99 tower complex was considered the largest private housing development in the world, accommodating some 70,000 - 80,000 people in 13,500 apartments.[1]

Quote
Mei Foo Sun Chuen was built in 8 stages[1] from 1965 to 1978 on the reclamation formerly used for petroleum storage by Mobil (Now ExxonMobil) in Hong Kong (Mobil's Chinese trading name in Hong Kong is Mei Foo). The development was conducted by Mei Foo Investments Limited, a subsidiary company of Mobil Oil (Hong Kong) Limited.

Mei Foo Sun Chuen was conceived to meet the housing needs of Hong Kong's middle-income families, an emerging and growing group at the time. At the time, a flat in Mei Foo cost around HK$40,000

Mei Foo Sun Chuen - Wikipedia

Oil, Gas, Utilities Jobs in Mei Foo, Kowloon, Hong Kong

Hard to track down this Company in Hong Kong... just small references under three names

Mei Foo, Kowloon, Hong Kong
Mobil Hong Kong LTD
Esso Hong Kong LTD

Quote
The company activates in the local market, and the volume of trades annually is one million tons.in bunker division, the company has very good business relationship with local major oil company, such as ESSO/Mobil Hong Kong LTD, China Resources Petroluem Co., LTD, Caltex Hong Kong LTD.

COSCO (HONG KONG) GROUP LTD.    20 Feb 2012

Quote
Airport Authority signs airside petrol and diesel filling services franchise agreement with Mobil Oil Hong Kong Ltd
(HONG KONG, 19 February 1997) -- The Airport Authority (AA) today signed a 10-year franchise agreement with Mobil Oil Hong Kong Ltd to provide airside petrol and diesel filling services at the new airport at Chek Lap Kok.

Mobil is required to develop three airside filling stations and deliver petrol and diesel fuel to vehicles and equipment in the airport restricted (airside) area. The filling stations will be operated 24 hours a day, seven days a week.

Mobil's capital investment for the three filling stations is estimated to be HK$15 million.

The terms of the agreement signed today were agreed by the British and Chinese sides of the Airport Committee of the Joint Liaison Group.

Mobil Oil Hong Kong Ltd operates 40 service stations in Hong Kong and has been one of the suppliers of fuels and lubricants on the Chek Lap Kok construction site since 1992. It is wholly owned by Mobil Petroleum Co Inc.

Press Releases

Don't forget that Britain returned Hong Kong To Mainland China in 1997



1984: Britain signs over Hong Kong to China

Mrs Thatcher and Zhao Ziyang formally agree the handover

Quote
The British colony of Hong Kong is to be returned to China in 1997 after an historic agreement was signed in Peking today.

Prime Minister Margaret Thatcher signed the Joint Sino-British Declaration with her Chinese counterpart Zhao Ziyang.

It formally seals the future of Hong Kong, transferring it from a British colony of six million people to communist China in 13 years.

The agreement, which will end 155 years of British rule in the colony, also launches a new era in trade and diplomacy between the two countries.

1984: Britain signs over Hong Kong to China

So ExxonMobile has a huge presence in China.


Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #11 on: February 20, 2012, 01:06:54 AM »
Oil Found in Tibet... the Real Reason China wants Control

Quote
Chinese researchers have discovered massive new gas and oil deposits totaling an estimated 4 billion to 5.4 billion tons in Tibet in southwestern China, the newspaper China Daily reported. The estimates, though tentative, will likely aid China's attempts to increase foreign interest and investment in its western regions, which in turn will strengthen Beijing's control across the country.

News From Tibet - Potentially Massive Oil and Gas Find in Tibet

Quote
AsiaInfo Services 08-24-2001 Large Gas, Oil Field Discovered in Tibet LHASA, Aug 24, 2001 (AsiaPort via COMTEX) -- Chinese scientists have discovered a petroleum-bearing belt extending 100 km in the northern part of the Tibet Autonomous Region, southwest China. Experts predicted that the Qiangtang Basin holds hundreds of millions of tons of oil. Chinese geologists have conducted a series of investigations in the basin since the founding of New China

Large Gas, Oil Field Discovered in Tibet LHASA, Aug 24, 2001

So I guess they will need to build a Pipeline to move that oil and gas from Tibet to China, right? Well guess who is involved in THAT deal... Yup you got it...

West-East pipeline project

Quote
he construction of the West–East Gas Pipeline started in 2002. The pipeline was put into trial operation on 1 October 2004, and the full commercial supply of natural gas commenced on 1 January 2005. The pipeline is owned and operated by PetroChina West–East Gas Pipeline Company, a subsidiary of PetroChina. Originally, it was agreed that PetroChina would have owned 50% of the pipeline, while Royal Dutch Shell, Gazprom, and ExxonMobil had been slated to hold 15% each, and Sinopec 5%. However, in August 2004, the Board of Directors of PetroChina announced that following good faith discussions with all parties to the Joint Venture Framework Agreement, the parties had not been able to reach an agreement, and the joint venture framework agreement was terminated.

West–East Gas Pipeline

BP pulls out of West-East pipeline project

Quote
Press Release, 7 September 2001
BP pulls out of West - East pipeline project
Tibet campaigners urge Shell and Exxon to do likewise and call on BP to withdraw from PetroChina

Tibet campaigners welcome today's announcement by BP plc that it will not be submitting a bid for China's 'West - East' pipeline project, but urge the company to go one step further and withdraw from its investment in PetroChina.

"We hope that the underlying reason for BP's withdrawal from the West - East pipeline is a recognition that it would be impossible to carry it out in a way that meets their commitments to human rights - and we call on Shell and Exxon to do the same" said Alison Reynolds, Director of Free Tibet Campaign. "But BP must also apply these commitments to their strategic investments in China, and that means withdrawing from PetroChina as a whole." she added.

Quote
BP, Shell and Exxon have been informed of the difficulties in carrying out adequate social and environmental impact assessments: a lesson the World Bank learned well last year, when its own Inspection Panel documented a "climate of fear" in a proposed resettlement site in Tibet. Anyone who expresses dissent against a State-sponsored project, is opposing Government policy and risks reprisals.

BP pulls out of West-East pipeline project - Free Tibet


So there we have it ExxonMobile has there hands in everything world wide. To be sure so do the other big oil boys but ExxonMobile likes to rub our noses in those biggest EVER profits...

Its time we nip those profits in the bud...

But there is more...

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #12 on: February 20, 2012, 01:39:58 AM »
Trading with the Enemy

Back a few years ago this was mostly conspiracy talk circulating around the internet. Since then it has come out to the public and is now part of official history.

The Rockefellers, Prescott Bush, grand father of George Bush, Standard Oil and Union bank... in effect funded the NAZI into power.

This is now documented even in Wikipedia, so once again public knowledge that few know about

Prescott Bush



Quote
Prescott Sheldon Bush (May 15, 1895 – October 8, 1972) was a Wall Street executive banker and a United States Senator, representing Connecticut from 1952 until January 1963. He was the father of George H. W. Bush (41st President of the United States), the grandfather of George W. Bush (43rd President of the United States) and Jeb Bush (43rd Governor of Florida).

Quote
Prescott Bush was admitted to the Zeta Psi fraternity and Skull and Bones secret society. George H. W. Bush and George W. Bush are also members of that society.

Quote
Union Banking Corporation

Bush was one of seven directors (including W. Averell Harriman) of the Union Banking Corporation, an investment bank controlled by the Thyssen family. In July 1942 the bank was suspected of holding gold on behalf of Nazi leaders. A subsequent government investigation disproved those allegations, but confirmed the Thyssens' control, and in October 1942 the United States seized the bank under the Trading with the Enemy Act and held the assets for the duration of World War II.

Prescott Bush - Wikipedia

Since this is a really sensitive and much done topic on the net, it will be easiest to post the headlines and you can follow the trail.

The Internet Headlines now...

Bush Family Funded Adolf Hitler

Bush/Rockefeller Propped up Hitler, Killed JFK, Funded 911 - Forum opinions

The Bush-Rockefeller-Dulles-Harriman Nazi scandal by John Loftus

How the Bush family made its fortune from the Nazis


Quote
America's Prescott Bush Financially Supported Germany's Adolf Hitler Before And During World War II - Recently Released National Archived Documents Prove

Notice: This article has a heavy religious slant, but has the facts and links to main stream sources

America's Prescott Bush Financially Supported Germany's Adolf Hitler - The Cutting Edge News

From the above link...

Quote
Just when you think you have heard all the facts concerning the devious nature of Skull & Bones Adept, Prescott Bush, BBC News airs a documentary in which they allege that Bush was one of the Wall Street financiers who created a plot to march on Washington, D.C., and overthrow the government of President Franklin Roosevelt, who was himself a 33 Degree Mason!

These wealthy plotters wanted to dissolve our Constitutional Government and establish the same kind of Fascism which Hitler was establishing in Germany! Let us review this incredible story!

The Whitehouse Coup - Monday 23 July  2007 BBC News Special Report

Quote
Document uncovers details of a planned coup in the USA in 1933 by right-wing American businessmen
View a picture gallery of images related to this edition.
   
The coup was aimed at toppling President Franklin D Roosevelt with the help of half-a-million war veterans. The plotters, who were alleged to involve some of the most famous families in America, (owners of Heinz, Birds Eye, Goodtea, Maxwell Hse & George Bush’s Grandfather, Prescott) believed that their country should adopt the policies of Hitler and Mussolini to beat the great depression.

Mike Thomson investigates why so little is known about this biggest ever peacetime threat to American democracy.

The Whitehouse Coup - BBC Radio Broadcast - Listen Here

NEWS BRIEF: "How Bush's grandfather helped Hitler's rise to power", The Guardian (London), September 25, 2004


Defending Bush's Nazi connection
By Robert Lederman10-29-2003


Why was this all suddenly made public? Well... United States presidential election, 2004. George W. Bush speaks at a campaign rally in 2004

Quote
The viewpoint in the article below shows why the AP suddenly took up this theme - on behalf of the Bush campaign in order to downplay it in anticipation of the election in 2004 so it could not come up then. Thyssen, according to the "logic" of this interpretation, was not against Jews and later had a falling out with the Nazis, so therefore Prescott Bush spending ten years helping finance Nazism via Thyssen's Nazi-controlled front companies on Wall Street was not anti-Semitic, and therefore Prescott Bush was not a Nazi.

To further the a-historic logic of this view, if being put in prison by the Nazis like Thyssen was "proof" you weren't really one, then thousands of top Nazis enthusiasts in the SA who Hitler had imprisoned and killed for his own political reasons in the early 1930's were all really good guys too. I guess that makes those who personally imported all those Nazis to America after WWII, who were the lawyers for IG Farben such as William Casey, Kissenger, the Dulles brothers etc. were really good guys as well. It's just those who like me dare to bring up the Bush-Nazi connection who are despicable bad guys.
 
Of course, this interpretation completely ignores that the Bush family were very big supporters of eugenics (including Prescott, his partner Harriman and Pres. Bush I), were well-known to be anti-Semitic and that Hitler's hatred for and intention to kill the Jews was well-known long before he ever came to power. It also ignores that in 1930's America had a huge and very public Nazi movement, which hardly fits into the picture of America's wealthiest corporate bosses being ignorant of what they were supporting. To say you actively supported Hitler for a decade but didn't know he intended to kill millions of Jews, Poles, Russians, Gypsies is exactly the defense the Nazis used at Nuremberg. Does anybody really think Prescott Bush, Rockefeller, Ford etc. were clueless as to what Hitler was up to during the time they were actively funding and ideologically supporting him and his IG Farben concentration camp-slave labor factories?

Read the rest of that article here;
Defending Bush's Nazi connection


Not quite done yet...

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #13 on: February 20, 2012, 02:00:55 AM »
Full Circle

Ties between the Bush and Bin Laden families. The Bush and Bin Laden families have had relations for over 20 years.


This is the front cover art for the book House of Bush House of Saud: The Secret Relationship Between the World's Two Most Powerful Dynasties written by Craig Unger. The book cover art copyright is believed to belong to the publisher, Gibson Square Books Ltd or the cover artist. House of Bush, House of Saud book cover

Quote
House of Bush, House of Saud: The Secret Relationship Between the World's Two Most Powerful Dynasties is a 2004 book by Craig Unger that explores the relationship between the Saudi Royal Family and the Bush extended political family. Unger asserts that the groundwork for today's terrorist movements and the modern wars that have sprung up about them was unintentionally laid more than 30 years ago with a series of business deals between the ruling Saudis and the powerful Bush family. The Saudis received investments and military protection in exchange for cooperation on lucrative oil deals. The author claims that the result has been a shady alliance between "the world's two most powerful dynasties." Unger writes, "Never before has an American president been so closely tied to a foreign power that harbors and supports our country's mortal enemies."

House of Bush, House of Saud - Wikipedia



House of Bush, House of Saud: The Secret Relationship Between the World's Two Most Powerful Dynasties
Craig Unger


Quote
There are direct historical links between Osama bin Laden's business interests and those of the Bush family. On September 15 I received the following message from FTW subscriber, Professor John Metzger of Michigan State University:

"We should revisit the history of BCCI, a bank used by the legendary Palestinian terrorist known as Abu Nidal. BCCI was closely tied to American and Pakistan intelligence. Its clients included the Afghan rebels, and the brother of Osama bin Laden, Salem. Salem bin Laden named Houston investment broker James R. Bath as his business representative in Texas, right after George W. BushÕs father became CIA director in 1976. By 1977, Bath invested $50,000 into junior's first business, Arbusto Energy, while Osama bin Laden would soon become a CIA asset. George W. Bush's FBI director Robert Mueller was part of the Justice DepartmentÕs questionable investigation of BCCI. (On BCCI, the bin Ladens, and the Bushes, see the books, The Outlaw Bank, A Full Service Bank, and Fortunate Son)." Further details of the business and financial relationships between the Bush and bin Laden family are found in Peter Brewton's 1992 book The Mafia, CIA and George Bush. BCCI, incidentally, was founded by a Pakistani.

Osama bin Laden's Bush family Business Connections

Quote
President Bush recently signed an executive order to freeze the US financial assets of corporations doing business with Osama bin Laden. He described the order as a "strike on the financial foundation of the global terror network."
 
"If you do business with terrorists, if you support or succor them, you will not do business with the United States," said President Bush.
 
He didn't say anything about doing business with a terrorist's brother - or his wealthy financier.
 
When President George W. Bush froze assets connected to Osama bin Laden, he didn't tell the American people that the terrorist mastermind's late brother was an investor in the president's former oil business in Texas. He also hasn't leveled with the American public about his financial connections to a host of shady Saudi characters involved in drug cartels, gun smuggling, and terrorist networks.
 
Doing business with the enemy is nothing new to the Bush family.

Bush's Former Oil Company Linked To bin Laden Family

Bush & Bin Laden - George W. Bush Had Ties to Billionaire bin Laden Brood

One of many investors, Bath gave Bush $50000 for a 5 percent stake in Arbusto. At the time, Bath was the sole U.S. business representative for Salem bin Laden - In These Times * Questionable Ties


Quote
WASHINGTON - New evidence from former United States officials reveals that Osama bin Laden and other al-Qaeda leaders were able to skip Afghanistan for Pakistan unimpeded in the first weeks after September 11, 2001, as the George W Bush administration failed to plan to block their retreat.

Top administration officials instead gave priority to planning for war with Iraq, leaving the United States with not nearly enough troops or strategic airlift capacity to close the large number of possible exit routes through the Afghanistan-Pakistan border area where Bin Laden escaped in late 2001.

Bush had no plan to catch Bin Laden - Asia Times Online

Quote
AUSTIN, Texas — When he left office in January 2009, President George W. Bush knew he was leaving behind what he would later describe as "unfinished business" — tracking down Osama bin Laden.

"I wanted badly to bring bin Laden to justice," Bush wrote in his autobiography, "Decision Points." "The fact that we did not ranks among my great regrets."

For Bush, getting bin Laden was 'unfinished business' | McClatchy

Quote
Former President George W. Bush congratulated President Obama and the members of the military after learning that the U.S. has successfully killed Usama bin Laden.

“This momentous achievement marks a victory for America, for people who seek peace around the world, and for all those who lost loved ones on September 11, 2001,” Bush said in a statement. “The fight against terror goes on, but tonight America has sent an unmistakable message:  No matter how long it takes, justice will be done.”

President George W. Bush Congratulates Obama on Bin Laden Killing
Published May 02, 2011 FoxNews.com


Still a bit more....

Offline zorgon

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Re: Iran cuts off oil supplies to Britain, France
« Reply #14 on: February 20, 2012, 02:12:09 AM »
Bin Laden Family Evacuation

All flights were grounded after 9/11... but one left Las Vegas

Quote
Prominent Saudis, including royal family members, departed between Sept. 19 and 24 on chartered flights from Las Vegas.

Bin Laden Charter
While Thousands Were Stranded, bin Ladens Flew


Quote
Members of bin Laden's family and other important Saudis were "driven or flown under FBI supervision to a secret assembly point in Texas and then to Washington from where they left the country on a private charter plane when airports reopened three days after the attacks." The flights to Texas and Washington occurred before the national air ban was lifted. On September 13th a Lear Jet flew a Saudi Arabian prince, the son of the Saudi defense minister Prince Sultan and a Saudi army commander from Tampa, FL to Lexington, KY. Then the two flew on a private 747 out of the country.

Quote
According to one report, a Saudi prince in the Las Vegas group "thanked the FBI for their assistance." The FBI interviewed some of the departing Saudis and failed to interview others. Director of investigations for Judicial Watch Christopher J. Farrell stated that the interviews "look like they were courtesy chats, without the time that would have been needed for thorough debriefings."

Bin Laden Charter

And here is the backup from mainstream news sources;

Fearing Harm, bin Laden Kin Fled From U.S. - New York Times

Phantom Flight From Florida - The Tampa Tribune (Via Wayback Machine)

New Details on F.B.I. Aid for Saudis After 9/11 - New York Times

Quote
(CBS)  Two dozen members of Osama bin Laden's family were urgently evacuated from the United States in the first days following the terrorist attacks on New York and Washington, according to the Saudi ambassador to Washington.

One of bin Laden's brothers frantically called the Saudi Arabian Embassy in Washington looking for protection, Prince Bandar bin Sultan told The New York Times. The brother was sent to a room in the Watergate Hotel and was told not to open the door.

Most of bin Laden's relatives were attending high school and college. The young members of the bin Laden family were driven or flown under FBI supervision to a secret place in Texas and then to Washington, The Times reported Sunday.

Bin Laden Family Evacuated - CBS News

 


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