Episode 310 – How Big Oil Conquered The World

by | Dec 28, 2015 | Podcasts | 102 comments

From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the oil industry. The story of oil is the story of the modern world. And this is the story of those who helped shape that world, and how the oil-igarchy they created is on the verge of monopolizing life itself.

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Oil. From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the petrochemical industry. The story of oil is the story of the modern world.

Parts of that story are well-known: Rockefeller and Standard Oil; the internal combustion engine and the transformation of global transport; the House of Saud and the oil wars in the Middle East.

Other parts are more obscure: the quest for oil and the outbreak of World War I; the petrochemical interests behind modern medicine; the Big Oil money behind the “Green Revolution” and the “Gene Revolution.”

But that story, properly told, begins somewhere unexpected. Not in Pennsylvania with the first commercial drilling operation and the first oil boom, but in the rural backwoods of early 19th century New York State. And it doesn’t start with crude oil or its derivatives, but a different product altogether: snake oil.

“Dr. Bill Livingston, Celebrated Cancer Specialist” was the very image of the traveling snake oil salesman. He was neither a doctor nor a cancer specialist; his real name was not even Livingston. More to the point, the “Rock Oil” tonic he pawned was a useless mixture of laxative and petroleum and had no effect whatsoever on the cancer of the poor townsfolk he conned into buying it.

He lived the life of a vagabond, always on the run from the last group of people he had fooled, engaged in ever-more-outrageous deceptions to make sure that the past wouldn’t catch up with him. He abandoned his first wife and their six children to start a bigamous marriage in Canada at the same time as he fathered two more children by a third woman. He adopted the name “Livingston” after he was indicted for raping a girl in Cayuga in 1849.

When he wasn’t running away from them or disappearing for years at a time, he would teach his children the tricks of his treacherous trade. He once bragged of his parenting technique: “I cheat my boys every chance I get. I want to make ’em sharp.”

A towering man of over six feet and with natural good looks that he used to his advantage, he went by “Big Bill.” Others, less generously, called him “Devil Bill.” But his real name was William Avery Rockefeller, and it was his son, John D. Rockefeller, who would go on to found the Standard Oil monopoly and become the world’s first billionaire.

The world we live in today is the world created in “Devil” Bill’s image. It’s a world founded on treachery, deceit, and the naïveté of a public that has never wised up to the parlor tricks that the Rockefellers and their ilk have been using to shape the world for the past century and a half.

This is the story of the oiligarchy.


Titusville, 1857. A most unlikely man alights from a railway car into the midst of this sleepy Western Pennsylvania town on the shores of Oil Creek: “Colonel” Edwin Drake. He’s from the Pennsylvania Rock Oil Company, and he’s here on a mission: to collect oil.

Like “Dr.” Bill, Drake isn’t really a Colonel. The title is bestowed on him by George Bissell and James Townsend, a lawyer and a banker who started the Pennsylvania Rock Oil Company after they discovered they could distill the region’s naturally occurring Seneca oil into lamp oil, or kerosene. Drake is actually an unemployed railroad conductor who talked himself into a job after staying at the same hotel as Bissell the year before. Calling him a Colonel, it is hoped, will help win the respect of the locals.

The locals think he’s crazy anyway. Seneca oil is indeed plentiful, bubbling out of seeps and collecting in the creek, but other than as a cure-all medicine or grease for the local sawmill’s machinery, it’s hardly seen as something valuable. In fact, it can be a downright nuisance, contaminating brine wells that supply Pittsburgh’s booming salt industry.

Still, Drake has a task to complete: finding a way to collect enough oil to make the distillation of Seneca oil into lamp oil profitable. He tries everything he can think of. The Native Americans had historically collected the oil by damming the creek near a seep and skimming the oil off the top. But Drake can only collect six to ten gallons of oil a day this way, even when he opens up extra seeps. He tries digging a shaft, but the groundwater floods in too quickly.

By the summer of 1859 he’s desperate. Drake’s running out of ideas, Bissell and Townsend are running out of patience and, most importantly, the company is running out of funds. He turns to “Uncle” Billy Smith, a Pittsburgh blacksmith who had experience drilling brine wells with steam-powered equipment. They get to work drilling down through the shale bedrock to reach the oil. It’s maddeningly slow work, with the crude equipment struggling to get through three feet of bedrock a day. By August 27th they’ve drilled down sixty-nine and a half feet, Drake has used the last of his funds, and Bissell and his partners have decided to close up the operation. On August 28th, they strike oil.

Narrator: Then on Sunday, August 28th, 1859, oil bubbled up the drive pipe. Uncle Billy and his son Sam bailed out several buckets of oil. On Monday, the very day that Colonel Drake received his final payment and an order to close down the operation, they hitched the walking beam to a water pump and the oil began to flow. The first oil was to sell for $40 a barrel. Years later a local newspaper interviewed Uncle Billy about the day they struck oil:

“I commenced drilling and at 4:00 I struck the oil. I says to Mr. Drake, ‘Look there! What do you think of this?’ He looked down the pipe and said, ‘What’s that?’ And I said, ‘That is your fortune!'”

Drake’s well proved that by drilling for it, oil could be found in abundance and produced cheaply. Overnight a whole new industry was born. Before long in millions of homes, farms and factories around the world, lamps would be lit with kerosene refined from West Pennsylvania crude.

Daniel Yergin: When the word came out that Drake had struck oil, the cry went up throughout the narrow valleys of Western Pennsylvania: ‘The crazy Yankee has struck oil! The crazy Yankee has struck oil!’ And it was the first great boom. It was like a gold rush.

SOURCE: The Prize (Part 1)

Overnight, the quiet farming backwoods of rural Pennsylvania was transformed into a bustling oil region, with prospectors leasing up flats, towns springing up from nowhere, and a forest of percussion rigs covering the land. The first oil boom had arrived.

Already poised to make the most of this boom was a young up-and-coming bookkeeper in Cleveland with a head for numbers: John Davison Rockefeller. He had two ambitions in life: to make $100,000 and to live to 100 years old. John D. set off to make his fortune in the late 1850s, armed with a $1,000 loan from his father, “Devil” Bill.

David Rockefeller: Grandfather never finished high school and went to Cleveland having borrowed $1,100 from his father to start a business — paid 9% interest on it, incidentally. And he read about the oil business just beginning and got interested, and came to realize it was a very volatile business at the time.

SOURCE: The Prize Part 1

In 1863, seeing the oil boom and sensing the profits to be made in the fledgling business, Rockefeller formed a partnership with fellow businessman Maurice B. Clark and Samuel Andrews, a chemist who had built an oil refinery but knew little about the business of getting his product to market. In 1865, the shrewd John D. bought out his partners for $72,500 and, with Andrews as partner, launched Rockefeller & Andrews. By 1870, after five years of strategic partnerships and mergers, Rockefeller had incorporated Standard Oil.

The story of the rise of Standard Oil is an oft-told one.

Narrator: In a move that would transform the American economy, Rockefeller set out to replace a world of independent oilmen with a giant company controlled by him. In 1870, begging bankers for more loans, he formed Standard Oil of Ohio. The next year, he quietly put what he called “our plan” — his campaign to dominate the volatile oil industry — into devastating effect. Rockefeller knew that the refiner with the lowest transportation cost could bring rivals to their knees. He entered into a secret alliance with the railroads called the South Improvement Company. In exchange for large, regular shipments, Rockefeller and his allies secured transport rates far lower than those of their bewildered competitors.

Ida Tarbell, the daughter of an oil man, later remembered how men like her father struggled to make sense of events: “An uneasy rumor began running up and down the Oil Regions,” she wrote. “Freight rates were going up. … Moreover … all members of the South Improvement Company — a company unheard of until now — were exempt. … Nobody waited to find out his neighbor’s opinion. On every lip there was but one word and that was ‘conspiracy.'”

Ron Chernow, Biographer: By 1879, when Rockefeller is 40, he controls 90 percent of the oil refining in the world. Within a few years, he will control 90 percent of the marketing of oil and a third of all of the oil wells. So this very young man controls what is not only a national but an international monopoly in a commodity that is about to become the most important strategic commodity in the world economy.

SOURCE: The Rockefellers

By the 1880s, the American oil industry was the Standard Oil Company. And Standard Oil was John D. Rockefeller.

But it wasn’t long until a handful of similarly ambitious (and well-connected) families began to emulate the Standard Oil success story in other parts of the globe.

One such competitor emerged from the Caucasus in the 1870s, where Imperial Russia had opened up the vast Caspian Sea oil deposits to private development. Two families quickly combined forces to take advantage of the opportunity: the Nobels, led by Ludwig Nobel and including his dynamite-inventing prize-creating brother Alfred, and the French branch of the infamous Rothschild banking dynasty, led by Alphonse Rothschild.

In 1891, the Rothschilds contracted with M. Samuel & Co., a Far East shipping company headquartered in London and run by Marcus Samuel, to do what had never been done before: ship their Nobel-supplied Caspian oil through the Suez Canal to East Asian markets. The project was immense; it involved not only sophisticated engineering to construct the first oil tankers to be approved by the Suez Canal Company, but the strictest secrecy. If word of the endeavour was to get back to Rockefeller through his international intelligence network, it would risk bringing the wrath of Standard Oil, which could afford to cut rates and squeeze them out of the market. In the end they succeeded, and the first bulk tanker, the Murex, sailed through the Suez Canal in 1892 en route to Thailand.

In 1897, M. Samuel & Co. became The Shell Transport and Trading Company. Realizing that reliance on the Rothschild/Nobel Caspian oil left the company vulnerable to supply shocks, Shell began to look to the Far East for other sources of oil. In Borneo they ran up against Royal Dutch Petroleum, established in The Hague in 1890 with the support of King William III of the Netherlands to develop oil deposits in the Dutch East Indies. The two companies, fearing competition from Standard Oil, merged in 1903 into the Asiatic Petroleum Company, jointly owned with the French Rothschilds, and in 1907 become Royal Dutch Shell.

Another global competitor to the Standard Oil throne emerged in Iran at the turn of the 20th century. In 1901, millionaire socialite William Knox D’arcy negotiated an incredible concession with the king of Persia: exclusive rights to prospect for oil throughout most of the country for 60 years. After seven years of fruitless search, D’Arcy and his Glasgow based partner, Burmah Oil, were ready to abandon the country altogether. In early May of 1908 they sent a telegram to their geologist telling him to dismiss his staff, dismantle his equipment and come back home. He defied the order and weeks later struck oil.

Burmah Oil promptly spun off the Anglo-Persian Oil Company to oversee production of Persian oil. The British government took 51% majority control of the company’s shares in 1914 at the behest of Winston Churchill, then First Lord of the Admiralty, and survives today as BP.

The Rothschilds and Nobels. The Dutch royal family. The Rockefellers. These early titans of the oil industry and their corporate shells pioneered a new model for amassing and expanding fortunes hitherto unheard of. They were the scions of a new oligarchy, one built around oil and its control, from wellhead to pump.

But it was not just about money. The monopolization of this, the key energy resource of the 20th century, helped secure the oiligarchs not just wealth but power over the lives of billions. Billions who came to depend on black gold for the provision of just about every aspect of their daily lives.

In the late 19th century, however, it was by no means certain that oil would become the key resource of the 20th century. As cheap illumination from the newly-commercialized light bulb began to destroy the market for lamp oil, the oiligarchs were on the verge of losing the value from their monopoly. But a series of “lucky strikes” was about to catapult their fortunes even further.

The very next year after the commercial introduction of the light bulb, another invention came along to save the oil industry: German engineer Karl Benz patented a reliable, two-stroke internal combustion engine. The engine ran on gasoline, another petroleum byproduct, and became the basis for the Benz Motorwagen that, in 1888, became the first commercially available automobile in history. And with that stroke of luck, the business that Rockefeller and the other oiligarchs had spent decades consolidating was saved.

But more luck was needed to ensure the market for this new engine. In the early days of the automobile era it was by no means certain that gas-powered cars would come to dominate the market. Working models of electric vehicles had been around since the 1830s, and the first electric car was built in 1884. By 1897 there was a fleet of all-electric taxis shuttling passengers around London. The world land speed record was set by an electric car in 1898. By the dawn of the 20th century, electric cars accounted for 28% of the automobiles in the United States. The electrics had advantages over the internal combustion engine: they required no gear shifting or hand cranking, and had none of the vibration, smell, or noise associated with gasoline-powered cars.

Lady Luck intervened again on January 10, 1901, when prospectors struck oil at Spindletop in East Texas. The gusher blew 100,000 barrels a day and set off the next great oil boom, providing cheap, plentiful oil to the American market and driving down gas prices. It wasn’t long before the expensive, low-range electric engines were abandoned altogether and big, loud, gas-guzzling engines came to dominate the road, all fueled by the black gold that Standard Oil, Shell, Gulf, Texaco, Anglo-Persian and the other oil majors of the time were drilling, refining and selling.

Perhaps John D.’s greatest stroke of luck, however, was not supposed to be luck at all. Rockefeller had come under increasing scrutiny by a public outraged by the unprecedented wealth he had amassed through Standard Oil. Muckraking reporters like Ida Tarbell began digging up the dirt on his rise to power through railroad conspiracies, secret deals with competitors and other shady practices. The press pictured him as a colossus with bribed politicians literally in the palm of his hand; Standard Oil was a menacing octopus with its tentacles strangling the lifeblood of the nation. Hearings began, investigations were launched, lawsuits were brought against him. And then, finally, in 1911 the Supreme Court made a monumental decision.

Narrator: On May 15th, 1911, the Supreme Court of the United States declared that Standard Oil was a monopoly in restraint of trade and should be dissolved. Rockefeller heard of the decision while golfing at Kykuit with a priest from the local Catholic church, Father J.P. Lennon.

Ron Chernow, Biographer: And Rockefeller reacted with amazing aplomb. He turned to the Catholic priest and said, “Father Lennon, have you some money?” And the priest was very startled by the question and said, “No.” And then he said, “Why?” And Rockefeller replied, “Buy Standard Oil.”

Narrator: As Rockefeller foresaw, the individual Standard Oil companies were worth more than the single corporation. In the next few years, their shares doubled and tripled in value. By the time the rain of cash was over, Rockefeller had the greatest personal fortune in history — nearly two percent of the American economy.

Chernow: And it was really losing the antitrust case that converted John D. Rockefeller into history’s first billionaire. So that Standard Oil was punished in the federal antitrust case, but John D. Rockefeller, Sr. most assuredly was not.

SOURCE: The Rockefellers

To the amazement of the world, Rockefeller’s punishment had in fact been his reward. Rather than being taken down a peg, the splitting up of the Standard Oil monopoly had launched him as the world’s only acknowledged billionaire at a time when the average annual income in America was $520.

Rockefeller’s story was perfectly mirrored by the story of Colonel Edwin Drake. Having struck oil in Titusville and given rise to a billion-dollar global industry, Drake had not had the foresight to patent his drilling technique or even to buy up the land around his own well. He ended up in poverty, relying on an annuity from the Commonwealth of Pennsylvania to scrape together a living and dying in 1880.

For the oiligarchy, the lesson of the rise and rise of Rockefeller was obvious: the more ruthlessly that monopoly was pursued, the tighter that control was grasped, the greater the lust for power and money, the greater the reward would be in the end.

From now on, no invention would derail the oil majors from their quest for total control. No competition would be tolerated. No threat to the oiligarchs would be allowed to rise.


When asked how he could justify the treachery and deceit with which he pursued the creation of the Standard Oil monopoly, John D. Rockefeller is reputed to have said: “Competition is a sin.” This is the mentality of the monopolist, and it is this justification, framed as religious conviction, that drove the oiligarchs to so ruthlessly eliminate anyone who would dare rise up as a pretender to their throne.

Ironically, it was the competition between the oiligarchs in the early 20th century that helped give rise to an early external threat to their empire: alcohol fuel.

As historian Lyle Cummins has noted of the period: “The oil trust battles between Rockefeller, the Rothschilds, the Nobels and Marcus Samuel’s Shell kept prices in a state of flux, and engines often had to be adaptable to the fuel that was available.”

In many areas where oil wasn’t available, the alternative was alcohol. Ethyl alcohol had been used as a fuel for lamps and engines since the early 19th century. Although it was generally more expensive, alcohol fuel offered a stability of supply that was alluring, especially in areas like London or Paris that did not have predictable access to oil supplies.

Alcohol has a lower heat value, or BTU, than gasoline, but a series of tests by the US Geological Survey and the US Navy in 1907 and 1908 proved that the higher compression ratio of alcohol engines could perfectly offset the lower heat value, thus making alcohol and gasoline engines fuel economy equivalent.

One early supporter of alcohol fuel was Henry Ford, who designed his Model T to run on either alcohol or gasoline. Sensing an opportunity for new markets to boost the independent American farms that he felt were vital to the nation, Henry Ford told the New York Times:

“The fuel of the future is going to come from fruit like that sumach [sic] out by the road, or from apples, weeds, sawdust — almost anything. There is fuel in every bit of vegetable matter that can be fermented.”

Farmers, looking to capitalize on this, lobbied for the repeal of a $2.08 per gallon alcohol tax that had been imposed to help pay for the Civil War. They were aided by those who saw fuel alcohol as a way to break the oiligarchs’ monopoly. In support of a bill to repeal the alcohol tax, President Teddy Roosevelt told the US Congress in 1906:

“The Standard Oil Company has, largely by unfair or unlawful methods, crushed out home competition. It is highly desirable that an element of competition should be introduced by the passage of some such law as that which has already passed the House, putting alcohol used in the arts and manufactures upon the free list.”

The alcohol tax was repealed in 1906 and for a time corn ethanol at 14 cents a gallon was cheaper than gasoline at 22 cents a gallon. The promise of cheap, unpatentable, unmonopolizable fuel production, production open to anyone with raw vegetable matter and a still, swept the nation.

But cheap, plentiful fuel that can be grown and produced locally and independently is not what the oiligarchs had in mind.

A 1909 USGS report comparing gas and alcohol engines had noted that a significant point in alcohol fuel’s favour was that there were fewer restrictions on alcohol engines. For the oiligarchs, the answer was simple: find a way to place greater restrictions on alcohol engines. Thankfully for them, the answer to their problem was already gaining popular support.

In the 19th century, America had a drinking problem. By 1830, the average American over 15 years old drank seven gallons of pure alcohol per year, three times higher than today’s average. This led to the first anti-alcohol movements in the 1830s and 1840s and the formation of the Prohibition Party in 1869 and the Women’s Christian Temperance Union in the 1870s. The movement enjoyed widespread and growing support but had few political successes; Maine flirted with prohibition by outlawing the sale and manufacture of liquor in 1851, but the ban only lasted five years.

This changed with the formation of the Anti-Saloon League in Standard Oil’s birth state of Ohio in 1893. The ASL was started by John D. Rockefeller’s long-time personal friend Howard Hyde Russell and was bankrolled in part by generous annual donations from Rockefeller himself. The ASL, with Rockefeller’s backing, quickly became the driving force behind a national movement to outlaw the production and sale of alcohol.

Rockefeller was a teetotaler himself, not from moral concern but because he was afraid that “good cheer among friends” would lead to his downfall in business. Stephen Harkness, one of the silent partner investors in Standard Oil and a director in the company until his death, had caught Rockefeller’s eye when he made a fortune buying up whiskey in advance of a new excise tax that he had been tipped about and selling it at a huge profit after the tax kicked in.

No, Rockefeller and Standard Oil were not concerned about the moral state of the nation…except as far as it impacted their bottom line. But when prohibition did come in 1920, it had an interesting side effect: Although it didn’t ban the use of ethanol as a fuel directly, it did lead to increasingly burdensome restrictions requiring producers to add petroleum products to their ethanol to make it poisonous before it could be sold. Alcohol fuel, now completely unable to compete with gasoline, was abandoned altogether by the automobile industry.

Another existential threat to the vast fortunes of the early oiligarchs was to require an even greater effort at social engineering: public transportation.

By the end of World War I, private car ownership was still a relative rarity; only one in ten Americans owned a car. Rail was still the transportation of choice for the vast majority of the public, and city-dwellers in most major cities relied on electric trolley networks to transport them around town. In 1936, General Motors formed a front company, “National City Lines,” along with Firestone Tire and Standard Oil of California, to implement a process of “bustitution”: scrapping streetcars and tearing up railways to replace them with GM’s own buses running on Standard Oil-supplied diesel. The plan was remarkably successful.

As historian and researcher F. William Engdahl notes in “Myths, Lies and Oil Wars“:

“By the end of the 1940s, GM had bought and scrapped over one hundred municipal electric transit systems in 45 cities and put gas-burning GM buses on the streets in their place. By 1955 almost 90% of the electric streetcar lines in the United States had been ripped out or otherwise eliminated.”

The cartel had been careful to hide their involvement in National City Lines, but it was revealed to the public in 1946 by an enterprising retired naval lieutenant commander, Edwin J. Quinby. He wrote a manifesto exposing what he called “a careful, deliberately planned campaign to swindle you out of your most important and valuable public utilities — your Electric Railway System.” He uncovered the oiligarchs’ stock ownership of National City Lines and its subsidiaries and detailed how they had, step by step, bought up and destroyed the public transportation lines in Baltimore, Los Angeles, St. Louis and other major urban centres.

Quinby’s warning caught the attention of federal prosecutors, and in 1947 National City Lines was indicted for conspiring to form a transportation monopoly and conspiring to monopolize sales of buses and supplies. In 1949, GM, Firestone, Standard Oil of California and their officers and corporate associates were convicted on the second count of conspiracy. The punishment for buying up and dismantling America’s public transportation infrastructure? A $5,000 fine. H. C. Grossman, who had been the director of Pacific City Lines when it oversaw the scrapping of LA’s $100 million Pacific Electric system, was fined exactly $1.

Unsurprisingly, GM and its associates did not remain in the doghouse for long. In 1953, President Eisenhower appointed Charles Wilson, then the President of General Motors, as Secretary of Defense. Wilson, with Francis DuPont of the Rockefeller-connected DuPont family as Chief Administrator of Federal Highways, oversaw one of the largest public works projects in American history: the creation of the interstate highway system. With a war-era excise tax on train tickets still in place and federally funded highways and airports providing cheaper alternatives, rail travel declined a startling 84% between 1945 and 1964.

This social engineering paid off well for Standard Oil and its growing list of petrochemical associates. In the two-and-a-half decades after the outbreak of World War II, vehicle production in Detroit almost tripled, from 4.5 million cars a year in 1940 to over 11 million in 1965. As a result, sales of refined gasoline over the same period rose 300%.

But Rockefeller was not the only oiligarch working to crush all opposition to his monopoly. Across the pond, the European oiligarchs were working to protect their own oil investments from upstart competitors.

In 1889, a consortium of German investors led by Siemens’ Deutsche Bank obtained a concession from the Turkish government for extension of a railway line connecting Berlin to Basra on the Persian Gulf via Baghdad in what was then part of the Ottoman Empire. The Berlin-Baghdad Railway concession was for ninety-nine years and came with mineral rights for twenty kilometers on either side of the line — an especially lucrative deal since the rail cut right through the heart of the still untapped Mesopotamian oil regions south of Mosul along the Tigris River.

For the powers behind the British empire, concerned with the military rise of Germany, this deal was unacceptable.

William Engdahl: Well, Germany in the end of the 19th century was looking for outlets for its exports — its industrial exports — as the German economy was growing like China’s has grown in the last 30 years. And they decided that Turkey would be an ideal strategic trade partner for Germany. And Georg von Siemens, one of the directors of Deutsche Bank, came up with a strategy to extend a railway from Berlin all the way down to Baghdad — which was then part of the Ottoman Empire, Baghdad and Iraq today, near the Persian Gulf. German military began training the Turkish military. German industry began investing in Turkey. They saw a huge potential market to begin bringing Turkey into the 20th century economically. Deutsche Bank also negotiated mineral rights — I think it was 20 kilometres either side of the railway — and it was already known in 1914 that Mosul and these other areas contained huge petroleum deposits.

Well, why is that significant? At the end of the 19th century, Jack Fisher—the head of the Admiralty and the head of the Royal Navy—advocated the conversion of the British Navy from coal-fired to oil-fired. That it would have a qualitative strategic improvement in every aspect of warship design. And since Britain didn’t know that they had any oil back then they went to Persia and swindled the Shah out of oil rights in Persia. They went to Kuwait and backed a coup d’etat of the Al-Sabah family to be a British pawn, and they literally wrote a contract with him that nothing that Kuwait does will be done without approval of the British Governor. And Kuwait was known to have oil lying right on the Persian Gulf.

The British looked at this railway plan of the Germans going right down to Baghdad and said “My God! You can put soldiers on rail cars and bring them down and threaten the oil lifeline of the British Navy.” This is a strategic move by the Germans. It also would make Germany independent of the British control of the seas. They would have a landline much like the Chinese “One Belt, One Road” infrastructure for high-speed rails going throughout Eurasia into Russia, on into Belarus and Western Europe that removes the United States’ Navy ability to control China and control Central Asia to a great extent.

The British oiligarchs, including the British crown with its hidden controlling stake in Anglo-Persian Oil and the Rothschild’s merchant Marcus Samuel at Royal Dutch Shell, sought to counter this German threat to their commercial and strategic interests. They used Armenian-born naturalized British citizen Calouste Gulbenkian — the architect of the Royal Dutch/Shell merger — in order, as he later recalled “to see British influence get the upper hand in Turkey” against the Germans. If that was his task, it was a remarkable success.

In 1909, the British set up the Turkish National Bank, which was “Turkish” in name only. Founded by London banker Sir Edward Cassel and with directors like Hugo Baring of the Barings banking family, Cassel himself, and Gulbenkian, the Bank set up the Turkish Petroleum Company in 1912. Formed explicitly to exploit the petroleum-rich oil fields of Iraq, then part of the Ottoman Empire, Gulbenkian brokered a deal that forced Deutsche Bank, with its 40-kilometre concessions along the oil-rich Baghdad railway line, into a junior partnership in the company. The stock was split so the British government’s Anglo-Persian Oil Company owned half the shares, with Royal Dutch Shell and Deutsche Bank splitting the other half.

Their plan to take over Germany’s Turkish oil interests had been successful, but in an amazing irony, it didn’t even matter. Gulbenkian finished negotiations for the Iraqi oil concession on June 28, 1914, the same day Archduke Ferdinand was shot in Sarajevo. An alliance the British had been brokering for years to constrain the rising German threat, an alliance involving France and Russia, kicked into motion, and the world was engulfed in war. By the end of World War I, the British and their allies had taken over Iraq and its oil deposits anyway, Germany had been completely cut out, and Gulbenkian, their scheming servant, received 5% of all oil field proceeds in the newly minted country.

As the century wore on, the oil industry grew beyond the control of the handful of families that had dominated it since its inception. Oil deposits were located around the globe and the resources of entire nation states were marshaled to control them. Now, threats to the oiligarchs and their interests required multi-lateral, multi-national responses and the consequences of those deals were felt worldwide.

The story of the Oil Shock of 1973 as it has been delivered to us by the history books is well known.

Narrator: By the late 1960s, the nation relied on imported oil to keep the economy strong. Then, in the early 1970s, oil-dependent America’s nightmares came true: 13 oil-producing countries in the Middle East and South America formed OPEC, the Organization of Petroleum Exporting Countries. In 1973, OPEC placed an oil embargo on the US and other nations that had supported Israel against the Arab states in the Yom Kippur war. The American economy went into a tailspin as gas shortages gripped the nation.

SOURCE: History of Oil

Few, however, know that the crisis and its ensuing response was in fact prepared months ahead of time at a secret meeting in Sweden in 1973. The meeting was the annual gathering of the Bilderberg Group, a secretive cabal formed by Prince Bernhard of the Netherlands in 1954.

The Dutch royal family not only gave its royal imprint to Royal Dutch Petroleum, they are still rumoured to be, along with the Rothschilds, one of the largest shareholders in Royal Dutch Shell, from the days when Queen Wilhelmina’s Anglo-Dutch Petroleum holdings and other investments made her the world’s first female billionaire right through to today. Bernhard’s guest list at the Bilderberg Group reflected his position in the oiligarchy; alongside him at the Swedish conference were David Rockefeller of the Standard Oil dynasty and his protégé Henry Kissinger; Baron Edmond de Rothschild; E.G. Collado, the Vice President of Exxon; Sir Denis Greenhill, director of British Petroleum; and Gerrit A. Wagner, president of Bernhard’s own Royal Dutch Shell.

At the meeting in Sweden, held five months before the oil crisis began, the oiligarchs and their political and business allies were planning their response to a monetary crisis that threatened the world dominance of the US dollar. Under the Bretton Woods system, negotiated in the final days of World War II, the US dollar would be the backbone of the world monetary system, convertible to gold at $35 per ounce with all other currencies pegged to it. Increasing US expenditures in Vietnam and decreasing exports caused Germany, France, and other nations to start demanding gold for their dollars.

With the Federal Reserve’s official gold holdings plunging and unable to stem the tide of demand, Nixon abandoned Bretton Woods in August 1971, threatening the dollar’s position as the world reserve currency.

Richard Nixon: Accordingly, I have directed the Secretary of the Treasury to take the action necessary to defend the dollar against the speculators. I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of the United States.

SOURCE: Nixon Ends Bretton Woods

As leaked documents from the 1973 Bilderberg meeting show, the oiligarchs decided to use their control over the flow of oil to save the American hegemon. Acknowledging that OPEC “could completely disorganize and undermine the world monetary system,” the Bilderberg attendees prepared for “an energy crisis or an increase in energy costs,” which, they predicted, could mean an oil price between $10 and $12, a staggering 400% increase from the current price of $3.01 per barrel.

Five months later, Bilderberg attendee and Rockefeller protégé Henry Kissinger, acting as Nixon’s Secretary of State, engineered the Yom Kippur War and provoked OPEC’s response: an oil embargo of the US and other nations that had supported Israel. On October 16, 1973, OPEC raised oil prices by 70%. At their December meeting, the Shah of Iran demanded and received a further price raise to $11.65 a barrel, or 400% of oil’s pre-crisis price. When asked by Saudi King Faisal’s personal emissary why he had demanded such a bold price increase, he replied: “Tell your King, if he wants the answer to this question, he should go to Washington and ask Henry Kissinger.”

In the second move of the operation, Kissinger helped negotiate a deal with Saudi Arabia: In exchange for US arms and military protection, the Saudis would price all their future oil sales in dollars and recycle those dollars through treasury purchases via Wall Street banks. The deal was a bonanza for the oiligarchs; not only did they get to pass the price increases on to the consumers, but they benefited from the huge flows of money into their own banks. The Shah of Iran parked the National Iranian Oil Company’s revenues in Rockefeller’s own Chase Bank — revenues that reached $14 billion per year in the wake of the oil crisis.

With the creation of this new system, the “petrodollar,” the oiligarchs had reached unprecedented levels of control over the economy. Not only that, they had backed the world monetary system with their commodity, oil, and brought potential competition from upstart producer nations under their control all in one step.

But for the insatiable appetites of these monopolist titans, mere control over the world’s monetary system was not enough…


In the nineteenth century, railroad conspiracies and predatory pricing had been enough to assure the oiligarchs’ monopoly. But by the time that the British crown, the Dutch royal family, the Rothschilds and the other European oiligarchs began opening up the Middle East and the Far East to oil exploration in the early twentieth century, the goal was no longer to maximize profits or control the oil industry. It was not even to control international diplomacy. It was to control and shape the world itself. Its resources. Its environment. And its people.

In order to achieve this goal, the oiligarchy would need a facelift.

In the current age, with the Rockefeller name now more likely to be associated with Rockefeller Plaza or Rockefeller University than Standard Oil, it is difficult to understand just how hated John D. was in his own day. He was the head of the Standard Oil Hydra, an octopus strangling the world in his tentacles, a cutthroat gardener pruning the competitors from the flower of his oil monopoly. As one of the richest men the world had ever known, he was an easy target for the average working man’s frustrations and a magnet for the poor seeking help.

Judith Sealander, Historian: He received on average 50,000 to 60,000 letters a month, asking for help. Dozens of people followed him in the street. Literally, crowds stood around the Standard Oil offices waiting for him to come out. Little children, painfully thin, crying in the street and so on. Rockefeller felt overwhelmed.

SOURCE: The Rockefellers

Besieged by the downtrodden, despised by the working man, hounded by Ida Tarbell and the muckraking press, John D. had the mother of all PR problems. The answer was simple: invent the PR industry. He hired Ivy Ledbetter Lee, a journalist-turned-communications expert who invented the modern public relations industry, to burnish the Rockefellers’ tarnished image. It was Lee that suggested giving the family name to Rockefeller Center and filming John D. handing out dimes in public.

Narrator: An early master of public relations, Lee used the media which the muckrakers had used to disgrace Rockefeller to turn him into a sympathetic figure. Ivy Lee recognized early the power of the new moving picture and used newsreels to show a remarkably benevolent Rockefeller.

John D. Rockefeller: I am very grateful to you and to a host of people who are so kind and good to me all the time.

Second Man: Why, because you’re so good to everybody.

Rockefeller: Yes, you are.

Peter Collier: As Ivy Lee began to control his public image he became oddly a kind of American character, and people kind of warmed to him in a bizarre sort of way. It was like having Frankenstein on the loose walking around New York City or something like that, with a cane and a long hat.

Narrator: Although this plane never takes off, this photo opportunity was presented as Senior’s first flight. Perhaps Ivy Lee’s most brilliant public relations move was the casting of Rockefeller as “The Man Who Gave out Dimes.”

Man off camera: Don’t you give dimes, Mr. Rockefeller? Please, go ahead.

Woman: Thank you, sir.

Man: Thank you very much.

Rockefeller: Thank you for the ride!

Man: I consider myself more than amply paid.

Rockefeller: Bless you! Bless you! Bless you!

SOURCE: John D. Rockefeller – Standard Oil

These PR stunts seem obvious and ham-handed by today’s standards, but they were effective enough: To this day people leave dimes on the stone marker at the base of the 70-foot Egyptian obelisk that towers over John D.’s final resting place in Cleveland’s Lake View Cemetery. But it was not stage-managed photo opportunities like these that transformed Rockefeller into a public hero.

In order to win the public over, he was going to have to give them what they wanted. And what they wanted wasn’t difficult to understand: money. But just as his father, Devil Bill, had taught him to do in all his business dealings, Rockefeller made sure to get the better end of the bargain. He would “donate” his great wealth to the creation of public institutions, but those institutions would be used to bend society to his will.

As every would-be ruler throughout history has realized, society has to be transformed from the ground up. Americans in the 19th century still prized education and intellectual pursuits, with the 1840 census finding unsurprisingly that the United States — a nation that had been mobilized by tracts like Thomas Paine’s remarkably popular Common Sense — was a nation of readers, with a remarkable 93% to 100% literacy rate. Before the first compulsory schooling laws in Massachusetts in 1852, education was private and decentralized, and as a result classical education, including study of Greek and Latin and a solid grounding in history and science, was widespread.

But a nation of individuals who could think for themselves was anathema to the monopolists. The oiligarchs needed a mass of obedient workers, an entire class of people whose intellect was developed just enough to prepare them for lives of drudgery in a factory. Into the midst stepped John D. Rockefeller with his first great act of public charity: the establishment of the University of Chicago.

He was aided in this task by Frederick Taylor Gates, a Baptist minister that Rockefeller befriended in 1889 and who would go on to be John D.’s most trusted philanthropic adviser. Gates would go on to write a short tract, “The Country School of Tomorrow,” that laid out the Rockefeller plan for education:

“In our dream, we have limitless resources, and the people yield themselves with perfect docility to our molding hand. The present educational conventions fade from our minds; and, unhampered by tradition, we work our own good will upon a grateful and responsive folk. We shall not try to make these people or any of their children into philosophers or men of learning or science. We are not to raise up from among them authors, orators, poets, or men of letters. We shall not search for embryo great artists, painters, musicians. Nor will we cherish even the humbler ambition to raise up from among them lawyers, doctors, preachers, politicians, statesmen, of whom we now have ample supply.”

Although Rockefeller’s resources weren’t exactly limitless, they might as well have been. In 1902 he established the General Education Board to help implement Gates’ vision for the country school of tomorrow with a staggering $180 million endowment.

The Rockefeller influence on education was felt almost immediately, and it was amplified by help from fellow monopolists of the era, who were approaching the topic of philanthropy from the same angle.

Although best known as a steel magnate, Andrew Carnegie’s fortune started on the railroads transporting Rockefeller’s Standard Oil around the country and was greatly magnified by a lucrative investment in property near Oil Creek that provided steady, profitable oil sales. In 1905, he established the Carnegie Foundation for the Advancement of Teaching, a tax-free foundation through which Carnegie and his appointees could direct the development of the education system in the United States, and, eventually, worldwide. In 1910, Rockefeller followed suit by establishing the Rockefeller Foundation, which became the tax-free umbrella organization for his philanthropic ambitions.

As the Reece Committee — a Congressional investigation into the activities of these tax-free foundations in the 1950s — discovered, it wasn’t long before Carnegie’s Endowment approached Rockefeller’s Foundation with a proposal: to cooperate on their shared desire to transform the American education system in their own image. Norman Dodd, the director of research for the congressional committee who was granted access to the Carnegie Endowment’s board minutes, explains:

So they approach the Rockefeller Foundation with a suggestion: that portion of education which could be considered domestic should be handled by the Rockefeller Foundation, and that portion which is international should be handled by the Endowment.

They then decide that the key to the success of these two operations lay in the alteration of the teaching of American History. So, they approach four of the then most prominent teachers of American History in the country — people like Charles and Mary Byrd. Their suggestion to them is this, “Will they alter the manner in which they present their subject”” And, they get turned down, flatly.

So, they then decide that it is necessary for them to do as they say, i.e. “build our own stable of historians.” Then, they approach the Guggenheim Foundation, which specializes in fellowships, and say, “When we find young men in the process of studying for doctorates in the field of American History, and we feel that they are the right caliber, will you grant them fellowships on our say so? And the answer is, “Yes.”

So, under that condition, eventually they assemble twenty (20), and they take these twenty potential teachers of American History to London. There, they are briefed in what is expected of them — when, as, and if they secure appointments in keeping with the doctorates they will have earned.

That group of twenty historians ultimately becomes the nucleus of the American Historical Association. And then, toward the end of the 1920s, the Endowment grants to the American Historical Association $400,000 for a study of our history in a manner which points to what this country look forward to, in the future.

That culminates in a seven-volume study, the last volume of which is, of course, in essence, a summary of the contents of the other six. The essence of the last volume is this: the future of this country belongs to collectivism, administered with characteristic American efficiency.

SOURCE: Norman Dodd interview

With this base for transformation firmly established, the Rockefeller Foundation and like-minded organization embarked on a program so ambitious that it almost defies comprehension.

They transformed the practice of medicine.

As usual, the oiligarchs that funded this change were also there to profit from it, and once again John D. took his cue from “Devil” Bill’s example. William Rockefeller had called his brand of snake oil “Nujol,” for “new oil,” and Standard Oil spun off “Nujol” as a laxative under their Stanco subsidiary. Manufactured on the same premises as “Flit,” an insecticide also derived from Standard Oil’s byproducts, “Nujol” sold at the druggist for 28 cents per six ounce bottle; it cost Standard Oil less than one-fifth of a cent to manufacture. Pharmaceuticals provided a lucrative new opportunity for the oiligarchs, but in a turn-of-the-century America that was still largely based on naturopathic, herbal remedies, it was a tough sell. The oiligarchy went to work changing that.

In 1901, John D. established the Rockefeller Institute for Medical Research. The Institute recruited Simon Flexner, a pathology professor at the University of Pennsylvania, to serve as its director. His brother, Abraham, was an educator who was contracted by the Carnegie Foundation to write a report on the state of the American medical education system. His study, The Flexner Report, along with the hundreds of millions of dollars that the Rockefeller and Carnegie Foundations were to shower on medical research in the coming years, resulted in a sweeping overhaul of the American medical system. Naturopathic and homeopathic medicine, medical care focused on un-patentable, uncontrollable natural remedies and cures was now dismissed as quackery; only drug-based allopathic medicine requiring expensive medical procedures and lengthy hospital stays was to be taken seriously.

Narrator: The fortunes of Carnegie, Morgan and Rockefeller financed surgery, radiation and synthetic drugs. They were to become the economic foundations of the new medical economy.

G. Edward Griffin: The takeover of the medical industry was accomplished by the takeover of the medical schools. Well, the people that we’re talking about, Rockefeller and Carnegie, in particular, came to the picture and said, “We will put up money.” They offered tremendous amounts of money to the schools that would agree to cooperate with them. The donors said to the schools: ‘We’re giving you all this money, now would it be too much to ask if we could put some of our people on your Board of Directors to see that our money is being spent wisely?’ Almost overnight all of the major universities received large grants from these sources and also accepted one, two or three of these people that I mentioned on their Board of Directors and the schools literally were taken over by the financial interests that put up the money.

Now what happened as a result of that is the schools did receive an infusion of money, they were able to build new buildings, they were able to add expensive equipment to their laboratories, they were able to hire top-notch teachers, but at the same time as doing that they schewed the whole thing in the direction of pharmaceutical drugs. That was the efficiency in philanthropy.

The doctors from that point forward in history would be taught pharmaceutical drugs. All of the great teaching institutions in America were captured by the pharmaceutical interests in this fashion, and it’s amazing how little money it really took to do it.

SOURCE: The Money Takeover Of Medicine

The oiligarchy birthed entire medical industries from their own research centers and then sold their own products from their own petrochemical companies as the “cure.” It was Frank Howard, a Standard Oil of New Jersey executive, who would go on to persuade Alfred Sloan and Charles Kettering to donate their fortunes to the cancer center that would then bear their name. As director of research at Sloan-Kettering, Howard appointed Cornelius Rhoads, a Rockefeller Institute pathologist, to develop his wartime research on mustard gas for the US Army into a new cancer therapy. Under Rhoads’ leadership, nearly the entire program and staff of the Chemical Warfare Service were reformed into the SKI drug development program, where they worked on converting mustard gas into chemotherapy. And once again, the Rockefeller’s own snake oil was being sold as a cancer cure-all.

The oiligarchs’ interest in the burgeoning pharmaceutical industry converged in companies like I.G. Farben, a drug and chemical cartel formed in Germany in the early 20th century. Royal Dutch’s Prince Bernhard served on an I.G. Farben subsidiary’s board in the 1930s and the cartel’s American operation, set up in cooperation with Standard Oil, included on its board Standard Oil president Walter Teagle as well as Paul Warburg of Kuhn, Loeb & Co., itself headed by Jacob Schiff of the Rothschild broker family. At its height, I.G. Farben was the largest chemical company in the world and the fourth largest industrial concern in the world, right behind Standard Oil of New Jersey.

The company was broken up after World War II, but like Standard Oil, its various pieces remained intact and today BASF, one of its chemical offshoots, remains the largest chemical company in the world, while Bayer and Sanofi, two of its pharmaceutical offshoots are among the largest pharmaceutical companies in the world.

Not content merely to monopolize the fields of education and medicine, the same oiligarchical interests banded together to take control of America’s finances. In 1910 John D. Rockefeller Jr.’s own father-in-law, Senator Nelson Aldrich, Frank Vanderlip of the National City Bank, and Paul Warburg, as well as various agents of J.P. Morgan, met in complete secrecy on Jekyll Island to hammer out the details of what would go on to become the Federal Reserve, America’s central bank. The Fed, established in 1913, would be run by hand-picked appointees of the oiligarchy and their banking associates, including, perhaps inevitably, Standard Oil president and American IG director Walter Teagle.

The Rockefeller family would go on to formally enter the banking field in the 1950s, when James Stillman Rockefeller, the grandson of John D.’s brother, was appointed director of National City Bank. Meanwhile John D.’s own grandson, David Rockefeller, would go on to take over Chase Manhattan Bank, the long-time banking partner of the Standard Oil empire.

In this move the Rockefellers’ story perfectly mirrored that of their fellow oiligarchs, the Rothschilds. Whereas the Rothschilds had supplemented their banking fortune with their oil interests, the Rockefellers supplemented their oil fortune with banking interests.

Springboarding from success to success as they consolidated monopolies across every field of human activity, the oiligarchs’ ambitions became even larger. This time, their goal was to consolidate control over the very food supply of the world itself, and once again they would use philanthropy as the cover for their business takeover.

Narrator: The Green Revolution began in 1943, when plant geneticist Norman Borlaug and a team of researchers arrived on Mexican soil. His goal was to improve agricultural techniques and biotechnological methodologies which in turn would help alleviate starvation and improve the living quality of developing nations. Creating new genetically modified strains of wheat, rich, maize and other crops, Borlaug planned to win the battle against world hunger. The hope was that these new crops and farming techniques would rescue third world countries from the brink of starvation.

That’s exactly what happened. The agricultural innovations brought to the poverty-stricken countries gave the farmers the skills and resources necessary to sustain themselves. This triggered a chain of events that would allow these once-struggling nations to survive. Agricultural exports soared in quantity and diversity and allowed the countries to become self-sufficient.

As the genetically modified crops thrived, farmers were able to use their increased income to purchase newer and superior farming machinery. This increase in revenue made farming easier, more reliable and more efficient. The Green Revolution led to the modernization of agriculture and has had a profound social, economic and political impact on the world.

The Mexican government turned to the Rockefeller Foundation in their endeavour to nourish Mexico through agriculture.

SOURCE: Green Revolution Waging War Against Hunger

Norman Borlaug, needless to say, was a researcher for the Rockefeller Foundation, and the Green Revolution, for whatever increase in yields it brought about, also created markets for the oiligarchs’ own interest in the petrochemical fertilizer industry and gave rise to the “ABCD” seed cartel of Archer Daniels Midand, Bunge, Cargill and Louis Dreyfus. These companies, along with their associated interests in the food packaging and processing industry, formed the core of American “agribusiness,” a concept developed at Harvard Business School in the 1950s with the help of research conducted by Wassily Leontief for the Rockefeller Foundation.

The American agribusiness giants shared a common goal: the transformation of Third World agriculture into a captive market for their goods. From this perspective, the project was a runaway success. By the 1970s, the Rockefeller Standard Oil network and its cronies in the nitrogen fertilizer industry (including DuPont, Dow Chemical, and Hercules Powder) had broken into markets around the world, markets conveniently forced open for them by the US government itself under President Johnson’s “Food for Peace” program, which mandated the use of petrochemical-dependent agricultural technologies (fertilizers, tractors, irrigation, etc.) by aid recipients.

Unable to afford these new technologies themselves, the impoverished Third World “beneficiaries” of this “revolution” relied on loans from the International Monetary Fund and the World Bank handled by Rockefeller’s own Chase Manhattan Bank and guaranteed by the US government.

The real costs of the Green Revolution — economic, agricultural and environmental — are seldom tallied. Access to these debt-financed petrochemical-dependent technologies exacerbated the difference between the rich landowning class and the landless peasants in countries like India, where land reform and abolition of usury were dropped from the political agenda after the Green Revolution took over.

Even then, the revolution’s main success, its increase in agricultural yields, has been oversold. Yield growth across India actually slowed after the introduction of agribusiness. The environmental destruction is even more devastating. An overview in the December 2000 edition of Current Science notes: “The green revolution has not only increased productivity, but it has also [produced] several negative ecological consequences, such as depletion of lands, decline in soil fertility, soil salinization, soil erosion, deterioration of environment, health hazards, poor sustainability of agricultural lands and degradation of biodiversity. Indiscriminate use of pesticides, irrigation and imbalanced fertilization has threatened sustainability.”

The Rockefeller Foundation even acknowledges the critiques of the Green Revolution it funded into existence, insisting that “current initiatives take into account lessons learned.” Even so, the Foundation continues to fund research and write reports on how to improve prospects for agribusiness investment in its target markets.

As egregious as the Green Revolution was and continues to be, however, in many ways it was just the prelude to an even more ambitious project: the Gene Revolution. Now the project is not merely to monopolize the technologies, supplies and chemical inputs for agriculture worldwide, but to monopolize the food supply itself through the replacement of the world’s natural seeds with patentable genetically modified crops.

The players involved in this Gene Revolution are almost identical to the players in the Green Revolution, with IG Farben offshoots Bayer CropScience and BASF PlantScience mingling with traditional oiligarch associate companies like Dow AgroScience, DuPont Biotechnology, and, of course, Monsanto, all funded by the Rockefeller Foundation and fellow “philanthropists” at the Ford Foundation, the Bill & Melinda Gates Foundation and like-minded organizations.

The convergence of corporate, “philanthropic,” governmental, and inter-governmental interests in promoting GM crops around the world can be seen in the bewildering array of research institutes, industry associations, and “consultative groups” devoted to the case. The Rockefeller-funded International Rice Research Institute (IRRI), the Rockefeller/Monsanto/USAID brainchild International Service for the Acquisition of Agri-biotech Applications (ISAAA), the Rockefeller/Ford/World Bank-created Consultative Group of International Agricultural Research (CGIAR), and dozens of other bland, benign-sounding organizations research and promote GM crops in target markets around the globe, with the profits ending up in the oiligarchs’ coffers.

A representative example of this story is the agribusiness neocolonization of Argentina, where Monsanto ran an elaborate “bait-and-switch” to get the country hooked on its genetically modified Roundup Ready soybeans before demanding royalties on the crops that were by then already growing. DuPont then took over, magnanimously beginning a “Protein for Life” programme to foist their own GM soybeans on the country’s poor.

The same scene has played itself out in country after country, where cartel-developed GM crops are foisted on emerging economies through “food aid,” usually during times of famine when those countries are especially vulnerable. Only a handful of countries, like Zambia or Angola, have outright rejected this GMO takeover of their food supply, generously subsidized by the US government to the benefit of the agribusiness cartel.


From cutthroat pioneers of the early oil industry to Machiavellian social engineers and geopolitics schemers, the oiligarchs have come a long way since the days of Devil Bill’s snake oil cure-alls. But his use of every form of deception and trickery to swindle the public informed how John D. and the rest of the oiligarchs built up their business interests.

As the 20th century drew to a close, it was obvious that for the powerful cartel that built the oil industry — the Rockefellers, the Rothschilds, the British and Dutch royal families — it was no longer about oil, if it ever really was. The takeover of education, of medicine, of the monetary system, of the food supply itself, showed that the aim was much greater than a mere oil monopoly: it was the quest to monopolize all aspects of life. To erect the perfect system of control over every aspect of society, every sector from which any threat of competition to their power could emerge.

They had been remarkably, almost unbelievably, successful. From oil well to gas pump, farm to fork, hospital to pharmaceutical, drill rig to dollar bill, there was almost no aspect of society that was not under control.

But the oiligarchs are not done yet. Their next project, launched in the late 20th century, is almost too ambitious to be comprehended. It is not about oil. It is not about money. It is about the monopolization of life itself. They have spent decades preparing the path for this takeover and marshaled their mind-boggling resources in service of the task.

And the vast majority of the world’s population, still playing the shell game that the oiligarchs perfected and abandoned long ago, are about to fall right into their hands yet again.


  1. fantastic work James

  2. Excellent presentation James, your time and efforts are greatly appreciated !

  3. My wish for next year:

    that this documentation will be core of curriculum for contemporary history worldwide.

    Snake oil sales management all the way…

    what if the world non elites sue and extract damages for criminally interfering in the, I suppose, otherwise much more benign course of world events.

    Is there a common link to participants of those nefarious developments?
    Names ring a bell….

  4. Came here to mention this. Please fix it, Broc! I can’t forward this to people with that in it.

  5. A Masterpiece!!

    Mr. Corbett,
    Thank you so very, very much!
    I am convinced that this film will have a huge impact upon the world and help towards the goal of bettering conditions.
    We all appreciate what you do.
    Thank you!

  6. I think I had 4 intellectual orgasms. That was some of the best text I ever had.
    When you offered that glimpse into this documentary,my anticipation “grew.” Seriously, this as very helpful in putting some pieces together. Your work always makes me glad to be a subscriber.

  7. Impressive, informative and quite unsettling. The birthed baby of big oil grew up to take over medical, pharma, banking, education … holy buddha – what’s next? Oh yeah, the world. 🙁 At least I’m aware of the scam going on thanks to the great works of James Corbett & friends contributing to world consciousness! Thank you Mr. Corbett! I will continue my efforts to NOT contribute to the scam and spread the word.

  8. Thanks for the heads-up. I hope no one blames Broc for that. I was the one who finalized the video and I take 100% responsibility for any and all mistakes that end up on screen.

    Anyway, I’ve added an annotation to the YouTube video to correct the error. If there is anyone out there who would dismiss a documentary of this size and magnitude (not to mention the dozens and dozens and dozens of links in the sourced transcript) because of a single typo, they’re probably not part of my intended audience anyway.

    • James, I am laughing at that last sentence. So true.

  9. Thank you all for your kind words and your support. I just want to reiterate the message in the credits: this work would literally be impossible without your support, both moral and monetary. Thank you all for helping to make it possible.

  10. Wow! Bravo, James – you’ve done it again. The tremendous amount of time and effort required to put together such a project shows on the screen. This documentary could be an excellent teaching tool that deserves a mass audience, especially among those who have never been exposed to this kind of material before. Comprehensive yet extemely easy to understand in its detail – brilliant! Guess it doesn’t have to be said to James’ followers, but please SHARE this with as many as you can. We are all looking forward to the next installment. Congratulations!

  11. I’m not sure if this needs to be pointed out, but I do hope everyone understands that there is a sourced transcript to this documentary with links to relevant information, including Kissinger’s role in the Yom Kippur war.

    • Thanks for the reply, Al Saleh. I just wasn’t sure given your earlier comments whether you had seen the source in the transcript.

      Yes, it is an interpretation of the record, but one that seems warranted given what we now know about what was happening behind the scenes. I’m sure given your own research on the subject you have come across the 2007 opening of the Kissinger transcripts that revealed that he deliberately kept Nixon out of the loop in the lead up to the war, even delaying telling the President that the war had started for several hours?


      And I imagine you’re also aware that Israeli state archives released in 2013 revealed a secret back-channel negotiation that was taking place between Kissinger and Meir in the run-up to the war, and that these archives also revealed that they rebuffed numerous peace offers by Sadat? As the LA Times framed it, the Yom Kippur war was an “unnecessary war” after all, i.e. it could have been avoided but was instead allowed to happen (LIHOP):


      I’m not sure exactly what type of proof of Kissinger’s engineering you’re looking for other than a signed invasion order. Given what we know from the record, I think it is not at all unreasonable to say that he had an instrumental role in engineering the war. Given that we will never have access to what exactly he said behind closed doors to each party in these negotiations, I don’t think there will ever be a smoking gun document to prove it in some definitive sense.

      But then again, there is no smoking gun document that shows that John D. was funding the temperance movement to eliminate ethanol competition. Heck, even though GM/Firestone/Standard et. al. were convicted for their National City Lines conspiracy in Federal court there are many who will argue that there is no proof that they were actually engaged in conspiracy. I’m not sure the “signed confession” standard of evidence applies in cases like these.

  12. Wow! This is, in my opinion, your most impressive comprehensive piece of work to date. Thank you for connecting the dots in such a visually pleasing manner that we can all share with one click.

  13. Thanks James for this video.

    I know I said something similar about one of your other recent videos, but this one has taken things to a whole new level again.

    I’ve been reading about a lot of that stuff for years, but have never seen it all put together like that, and this presentation is brilliant – it’s game changing, mind blowing, and amazing.

    And it leads to questions about a whole pile more stuff too – reasons for threats of a war with Russia, the glorification of Putin, destruction of Syria, ISIS funding, depopulation using vaccinations, who designed windows 10 to be time wasting spywear, who is funding facebook (and is Mark Zuckerberg/Jacob Greenberg – “sugarmountain” – the grandson of David Rockefeller), why does everyone believe oil to be a fossil fuel when it’s actually abiotic, renewable and virtually unlimited like molten lava, and who is running the governments of virtually every country on earth.

    All the best for the New Year, and big ups from another of your many fans and subscribers.

    Regards, Ian

  14. Thanks James and Broc for making this documentary, I’m hopeful that it will be a useful tool for waking some of those people up who can’t handle the “C” word!

  15. Thank you so much to everyone for the very kind words and praise. It’s incredibly humbling for a simple Aussie fella like myself.

    As James has said a million times none of this media would be possible without the support of fantastic subscribers like yourselves. Not just financially but also the incredible amount of time, effort & work that a bewildering amount of you put into the Open-Source Investigations this year, especially the ‘Pedophiles In Politics’ podcast.

    So to everyone who made even the smallest contribution to the Corbett Report in 2015 be it monetarily, a retweet, a comment, a link submission, QFC etc. you all have my sincerest appreciation and gratitude.

    Happy New Year to all the subscribers!

  16. Another brilliant piece of work, James. I am already eagerly awaiting the continuation in the second part of the series.

    I know that your forte is geopolitics but I’d love to see a piece on your time management. How do you manage to produce so much, make so many interviews, write so many articles, do so much reading and conduct such deep research with only 24 hours in a day?

    Unlike the fracking scam now in place, the 1973 oil embargo happened before the invention of junk bonds which could finance such scams. According to Prof Engdahl’s excellent book The Century of War “one enormous consequence of the ensuing 400% rise on OPEC oil prices (after the oil embargo) was that investments of hundreds of millions of dollars by BP, Shell and other Anglo-American concerns in the risk North Sea could produce oil at a profit. It is a curios fact of the time that the profitability of these new North Sea oilfields was not at all secure until after the OPEC price rises. Of course, this might only have been a fortuitous coincidence.”

    There is the curious story of Rudolf Diesel. Diesel’s aim was to develop a motor which could run on peanut oil, thereby making energy affordable for the self-sufficient farmer. It’s no wonder that the oilogopoly was not pleased with his invention. Diesel was on his way to inaugurate a new factory in England in 1913 when he disappeared from the ship under mysterious circumstances. It was said he committed suicide. Hmmm. His story (in German) can be seen here: https://www.youtube.com/watch?v=KEwn8YNrgx8

    Then there is the story of how GM with the support of Chevron conspired to kill the electric car. The Journeyman documentary (https://www.youtube.com/watch?v=_AU3_2IT8k8) shows how “all the EV1s had been leased, instead of sold, to their owners. When the leases expired, GM refused to renew them and sent the cars to be crushed.”

    Why did the USA not force GM, Ford & others to bring back the electric car? See https://www.youtube.com/watch?v=jQZaCGxaLaM

    The plot thickens.

    I am looking forward to more Corbett Reports in 2016.

  17. Home Run!
    Congratulations James (and Broc).
    This explains why there are NO high speed rails in this country to why shag carpet was in style for so long.
    Seriously, it is crisp and clear and the right length…perfection!

    With this dynamic explained and so precisely laid out, it opens the door for more MORE thought and questions.

    The second day that you posted this on YT, there were 73,000 “views” and all comments were removed, which I guess caused a “glitch”. Of course something like this cannot go viral!


  18. Thank you James and Broc for this absolutely great documentary!

    • Down trend of Oil Prices. In my opinion, these lower oil prices are intentional with an agenda which includes the destruction of smaller oil companies and the suppression of the economies of other countries, etc. The timing of the dollar rate hike is no coincidence. It is an EXACT playbook of previous Rockefeller ploys.
      Watch 10 minutes of “Our Plan”
      As stated, it is all about “control”.
      It is all about control.
      Oil is not going away. Carbon Credits are coming big time and oil will help ensure that. Incredible control factor on industry, money, markets, and nations.

      The Wall Street Traders who grasp this agenda will make some big money in the coming year.

  19. I want to buy the DVD.

  20. James this is more then excellent and I will translate this to Croatian and make subtitles.
    Usually it is possible to download your videos but here I don’t see this possibility. I would prefer to download video to prevent synchronization problems.

    • Mik, did you by any chance create an English .srt before translating it to Croatian?

      • No. I’m not native speaker and it’s necessary to shorten transcript before titling. You simply don’t have enough time. Also this would mean double job and man, I’m struggling with this. It will be close to 1200 titles. In few days it will be finished and maybe you can take timing from it.

        • I am not sure what you mean by ‘don’t have enough time’. Too much work to translate the entire transcript? Or do you mean that it must be shortened in order to properly sync with the video?

          I agree that it means double job in case you would translate to only one target language. However, by creating an English .srt first, the timing no longer has to be repeated for the other languages. So this will pay off when doing a second and subsequent translations.

          • Shortened in order to properly sync with the video.

  21. When watching for the second time I find a flaw in video footage but now I see @ronaramma already made a comment about this. Green revolution is about using chemicals and mechanization in agriculture. Green revolution video footage is gmo propaganda.
    James, are you considering some kind of revision? I am asking because of my plans to make subtitles and will wait for revision if there would be one.

    • I’m not familiar with video production and don’t know how difficult is to implement the following suggestion. Maybe just somehow squeeze in after the green revolution footage some narration like: “maybe you haven’t noticed that previous footage was carefully crafted gmo propaganda. Let’s go back to story”

  22. I plan on starting a Dutch translation. Or is this already in the works?

    • Thank you for the offer, frank. There’s no Dutch translation yet (that I’m aware of), so if you can provide one that would be helpful. If you (or anyone else) can provide a subtitle track (in any language) in .srt format I’ll be happy to add it to the YouTube video. Details on how to do that are here:


      • Thanks for the link. Also thanks to Bart Houkes for sharing the .srt instructions.

        Is there already an srt file available for this video? Perhaps an English one. As I understand from the thread you link to, it will save me from coming up with the time codes that are part of an .srt. Also, I would then be able to pass the .srt to the translation agency instead of the transcript – speeding up the process.

          • Very good initiative frank, this excellent documentary deserves a good translation. Let me know if I can help in creating the SRT file.

            • Thanks for the offer Bart. Yes, that would be great. I received a first test translation that wasn’t so good. I am now waiting for two more from two different agencies. They will translate an English .srt directly into a Dutch .srt.

              I was thinking about setting up a github account for keeping track of files, revisions and facilitate collaboration.

              • Croatian subtitles are finished.

                You can download it here (Press blue button “Skinite titl” !!)


                I’ve added 5 subtitles at the beginning:
                -(translator remark)
                – documentary contain bold statements .
                – sources of information available at authors webpage
                – excellent debate in commentary of the same page is recommended
                -(end of remark)

                Some subtitles are in orange color because of problematic background.

                You will see that it is not possible to put complete transcript into subtitles. It is better that you decide which information will be omitted rather then translators.

    • Hi Frank, I just wanted to let you know that another listener has provided a Dutch translation. Their YouTube version with Dutch CCs is here:


      And I have also added the Dutch CCs to my YouTube version. Both the English and Dutch .srt files can be downloaded via downsub.com

      • Hi James, thanks for letting me know. Compliments to irma for her excellent work!

  23. This Big Oil Conquered The World podcast is so high-quality and well written and insightful, and I have to go through many other terms of praise to react appropriately. I’ve been going around on various other YouTube channels that I also watch and recommending it in the comments. And I made a point of visiting 2 or 3 Flat Earth videos to hint that something of some consequence (rather that no consequence, though I did not add this) could actually be viewed on YouTube, again mentioning your Big Oil Conquered video. Congratulations to James and Brock. I am thunthorstrock, as James the Joyce might say.

  24. of course, what can i say to add to the applause! i agree with all of you, this truely is a fine piece of work. most anything it says i already knew from earlier corbett report articles, but somehow this marvelous compilation was an emotional experience. it integrates things in my mind, and after watching i could almost feel it sitting in my head. emotion seems very effective if your memory is on it’s way to nowhere.

    as a technician, i know a few tv stations here rather intimately, and i am trying to get it on tv. it would certainly help if there were dutch subtitles, so i am looking forward to the completion of these.

    there is one thing i want to mention, though, in that it may need some sort of correction. it is about the medicinal value of snake oil. somewhere in the documentary the medicinal effect of kerosene is declared void. however, kerosine appears to be one of the most effective cancer cures available. see for example http://www.health-science-spirit.com/kero.htm. therefore, we must not villify grandpa rockefeller for that, we must praise the old tramp for selling a true medicine in dark times! however, kerosene was -and is- very cheap, see http://babel.hathitrust.org/cgi/pt?id=chi.087013173;view=1up;seq=3 , so he mixed the kerosene with some camouflage material in order to sell it with an excessive profit. this may not seem a sympathetic way to earn a living, but surely many would applaud such a shrewd trick. he was a true bussinessman, be it at a rather small scale. his ‘cheat’ was just what ‘bussiness’ is all about! in the same line of thinking, we should not blame hitler’s parents for hitler’s crimes. ok, with people like george bush you may feel a need to adjust this thinking.

    just compare this stone age cancer specialist with what we have today. these guys sell you chemo’s that may cost up to 7000 euro’s a month! cures that are infinitely more expensive in relation to their cheap chemistry than snake oil, i would almost say “the original snake oil”. the difference with today’s snake oil is that it usually kills you instead of curing you. it seems that the daily sin of cheating others has evolved into the mortal sin of killing them. if you might ever acquire a cancer condion, you better stay far away from grandpa’s offspring and find yourself some good old fashioned snake oil!


    • ad, about the sub titles. I just received a second test translation (first 460 words of 10300) and it was quite good. After making some minor changes I have send it over to a Dutch voice actor and I expect the result tomorrow. A Dutch voice-over is not a must for the Dutch audience but it will help to reach a younger audience.

      I am waiting for a second test translation. Hopefully I can make a final choice in one or two days. Bart offered to create the English .srt if this comes together at the same time, we should have a Dutch .srt in a week or so. Same holds for the Dutch voice-over.

      Getting this aired on tv would be great ofcourse.

      • ok frank, thanks for letting me know. i’ll keep watching.

  25. After I’ve done initial promotion here in my backyard I have a need to say something to Corbett community and hope somebody will hear.

    Croatian subtitles are finished and there is a SRT file with time-code for subtitles. Next translation will be easier.

    How long will it take us to have subtitles for one major world language for this extremely important documentary? And next?

    If you can do something about it don’t hesitate. We know about the importance of this documentary, others most probably don’t.

    • That is great mik. I am not sure that a croatian .srt will make translations to other languages easier. It is true that the time codes are available – but matching these codes with e.g. Dutch based on Croatian will be error prone. Especially because you have shortened the text. Or do I misunderstand you?

      I think this is the most efficient sequence of steps:
      1. create english .srt from transript and mp4. see https://www.corbettreport.com/federalreserve/#comment-5256
      2. translate english .srt to Croation .srt
      3. translate english .srt to Dutch .srt
      4. etc.

      • My conclusion from what you are saying is that you haven’t make subtitles yet. When you have time-code there is one job less. Now you have narrative broken down to meaningful pieces of proper size for subtitles. Just minor corrections of time-code will most probably be needed.

        Of course, having English subtitles is the best possibility but someone has to make it. And the person must be native speaker or close. And it’s not a piece of cake.

        You can not put everything to subtitles what James is saying especially when sometimes he speeds up. For comfort reading 14-15 characters/second is standard, 30 characters per line.

        I will never make subtitles translation from srt only. Since the situation for must-omit-information is quite often especially for dense narrative like this one, I want to be a judge what will be omitted. I believe, translator not familiar with the topic can’t do the job. Also, a lot of people understand English so you have to re-phrase narrative in a such way that it won’t be annoying reading something and hearing different (too often).

        By the way, I have done subtitles for How to herd your tax cattle and are available there.

  26. QUOTE
    “Saudi Aramco, which handles the marketing of Saudi Arabia’s crude, is the successor to the Arabian American Oil Company, a partnership between Chevron, Texaco, Exxon and Mobil established in the 1930s and 1940s.” …
    “In 1988, Saudi Aramco bought a 50 percent stake in Texaco’s refining and marketing operations in the eastern US and on the Gulf Coast, which was named Star Enterprises (“Saudi Arabia, Texaco join forces” Los Angeles Times, 1988).”
    “In 1997, Royal Dutch Shell joined the joint venture, subsequently renamed Motiva. When Chevron merged with Texaco in 2001, Texaco’s interest in the combined refining and marketing operations was sold to Shell and Saudi Aramco and reorganized as a 50:50 joint venture between them.” ….
    …and more….

    • this is interesting info. i earlier learned that my king owns 50% of the royal dutch shell shares (he is the dutch royal making shell royal dutch), which makes him a full fledged bussiness partner of king salman, a colleague king and contemporary mass murderer. pecunia non olet, indeed!

  27. Ronaramma, Good find.
    The gross result of this research is a list of over 1000 corporate interlocks for Rockefeller Family and Associates. The list is so huge that we refrain from publishing it in its raw form for fear of simply drowning the reader. We sought, instead, some way of choosing and representing the essence of this tabulation without all of its detail.”

  28. November 2016
    – Another BIG hidden racket – CREDITS for ethanol traded as commodities

    Personally, I am a strong proponent of an individual or local co-op making their own alcohol (ethanol) fuel, because it is part of the counter-economy and because it is very, very viable. A person can literally make alcohol for close to 50 cents to a dollar gallon which can completely fuel his vehicle or be used for cooking, plus the by-products of alcohol production have tremendous value in themselves such as in organic gardening. And there are other benefits, like literally cleaning the air of pollutants while you drive and also creating more independent counter-economic jobs.
    Here David Blume gives an agoristic approach to ending the petro-dollar.

    But today, I discovered a tremendous Wall Street racket via the EPA under the “green movement” which adds major hidden costs to the consumer.

    The EPA’s Renewable Standard Fuel (RSF) program’s RIN (Renewable Identification Number). These are also sometimes called as “credits”. These credits are traded as commodities, and many brokerages carry them.
    When first issued by the EPA their initial cost could be as low as 7 cents per gallon, but later inflated to many times that in trading.

    …Due to the steep rise in the cost of RINs, the independent refiners are incurring huge costs. Valero Energy Corp. expects the cost for RINs to be $850 million this year, whereas CVR Refining expects the cost to be $250 million…
    …“RINs continue to be an egregious tax on our business,” Jack Lipinski, CEO of CVR Refining, said Oct. 27 on a conference call with analysts. “I would predict that small refiners, merchant refiners, will be pushed to the brink and maybe even into bankruptcy in the future,” reports Bloomberg….

    …Price movements on other commodities futures are limited by the exchanges on which they trade as a check on speculation. But the biofuel credits are not traded on an exchange: their prices are unbridled. And, unlike in the broader financial industry, no formal qualification or license is required before a broker can start trading.
    “There is a RINs trading desk at any major brokerage now,” said Paul Niznik, bio-fuels manager for Hart Energy, based in Houston. “There are people who are not refiners that are buying and selling RINs like a commodity. They treat it like something to be traded, to be day-traded.”…
    …“When you see something change as rapidly as this, somebody’s hoarding them, somebody’s buying them, somebody’s making big bucks,” said Senator Thomas A. Coburn, Republican of Oklahoma, a big oil state. After his staff examined the run-up in prices this summer, he said he was concerned that “big moneyed interests” were gaming the credits…
    …Mr. O’Malley, the chairman of PBF Energy, likens the outcome to a hidden tax on the public. Unlike other taxes, which go to the government, this one goes to the speculators…
    …For banks, trading RINs for clients can be lucrative. A big reason is that the credits are far more difficult to buy and sell because they are not traded on exchanges like stocks. As a result, the difference between the price at which one party is willing to sell and another is willing to buy is unusually wide. Those fat spreads mean big money for anyone serving as a middleman…
    …In addition to Morgan Stanley and JPMorgan Chase, other big banks, like Citigroup and Barclays, are also registered with the E.P.A. to trade the credits….

  29. – December 2016 – Backwardation

    Bloomberg Dec 5, 2016
    Oil Market Turns Upside Down as Shale Rushes to Hedge Post-OPEC

    …West Texas Intermediate crude for delivery in December 2017 is now more expensive than in June 2018 — a condition known as backwardation. A week ago, the forward curve was in the opposite shape, known as contango….

  30. – January 10, 2017 –
    In Corbett’s January Interview 1241, Corbett mentions the possibility of China being the “new boogieman” as we roll forward with the Trump Administration. https://www.corbettreport.com/interview-1241-james-corbett-on-the-vin-armani-show/

    Kirk Spano, in this MarketWatch article, lays out some credible scenarios with oil, the dollar, international currencies, U.S. Shale light-natured crude and its domestic effect on the economy, Trump, China & Saudi Arabia.
    MarketWatch wiki – https://en.wikipedia.org/wiki/MarketWatch

    The Trump oil trade, and why oil might soon reach $100 again
    …Today, we are at the beginning of another large rally for oil stocks. There are several catalysts for this move.

    The Trump administration is very pro-fossil fuel. The renewed focus on American oil will help drive oil prices higher in coming years and ease regulation on fracking… …(and the factor of deepwater decline)…

    …(referring to Trump/China)… …it is very possible that China and Saudi Arabia make a deal to trade oil in yuan. If they do that, then the “petrodollar,” which is built on global oil being traded in dollars since the early 1970s, will be no more. At that point, the yuan becomes a co-reserve currency, and the dollar depreciates.

    If the dollar falls in value due to a such a shock, the price of oil will rally mightily. That of course would be very profitable for most of the surviving oil producers, including American shale.

    There is a lot of incentive for China and Saudi Arabia to do such a deal. It would allow both to diversify away from the dollar and support their own long-term interests: a more diverse economy in Saudi Arabia and a bigger role for China in international trade. Most of OPEC could follow suit in such a yuan-for-oil arrangement.

    There might even be a security component of a Saudi-China deal on oil and the yuan. Consider… …There are quite a few scenarios that could add to the risk premium for oil….

  31. Monday Feb 6, 2017 – REUTERS
    Hedge funds have accumulated a record bullish position in crude futures and options (WTI), betting on further price rises…
    …Funds now have long positions equivalent to almost 1 billion barrels across the three major contracts, while short positions amount to just 111 million barrels…
    The ratio of long to short positions has reached almost 9:1, the most bullish since May 2014…
    The crude market is starting to resemble the classic crowded trade in which speculators attempt to position themselves in the same direction in anticipation of a big price move
    The previous record net long position in oil markets, set in June 2014, preceded the deepest and most prolonged slump in prices for almost 20 years….

  32. Hi guys,
    Does anybody know who is the old guy at 1:09:55?
    I can’t for the life of me remember him or find the interview on the internet.


  33. I’m subscribed to a website called newspaperarchive.com that lets me search through a vast amount of newspapers from the last 300 plus years and I wanted to share something I found that you might find useful pertaining to this documentary.

    An article written in the Racine Weekly Journal, August 1, 1901, a Wisconsin newspaper, announces the recent formation of a Rockefeller, Rothschild, and Nobel trust. It references an article by the Daily Mail reporting the same thing. I’ve always been interested in what involvement the Rothschilds may have had in American affairs.

    I also found in a book called “Our Crowd” that during the Grant administration the Rothschild and Seligman firms were hired by the American government to sell a large amount of US war bonds. Ulysses S. Grant was a friend of the Seligman family apparently.

    If anyone is interested in seeing either of these I can send them to you.

  34. Solutions – Localization Alternative Fuel
    Max Keiser takes a tour through a localized coop, a biofuels coop.

    About the Piedmont Biofuels Cooperative…
    “…The membership is…a strange mix…Which means we have some members who want to pay in Constitution silver and we have hippy chicks who want to pay in massage….”

  35. October 4th, 2017 – Wednesday.
    It is time to review.
    The test will be on Friday.

  36. Does this mean that part 2 is coming shortly?

  37. Electric Cars
    Oct 4, 2017 article The Trillion Dollar (Automobile) Market That Stopped Chasing Profits
    …Fiat Chrysler is losing $20,000 on its electric Fiat 500 version—per car. GM loses $9,000 on every Chevrolet Bolt…
    … remember that it’s (electric) not the only industry benefiting from pointed government support. Oil and gas in the U.S. and UK, to mention merely two, also enjoys subsidies in various forms. In other words, governments are supporting two opposing camps. Talk about ironic.

  38. Wow… This is so jam packed with information, people will be watching it over and over… It’s like a tsunami of facts… I hope more interviews are in order to discuss pieces of this one by one…

  39. November 6, 2017 – Reuters
    BP, Shell lead plan for blockchain-based platform for energy trading
    (This version of the story was refiled to make clearer in headline that platform is tool for trading, not a trading platform)
    “The platform aims to reduce administrative operational risks and costs of physical energy trading, and improve the reliability and efficiency of back-end trading operations…,” the statement said.

  40. Nov 7, 2017 –
    BP Joins Shell In World’s Largest Oil Hedge
    BP has helped Mexico to carry out its annual oil hedge program in which the country spent the equivalent of $1.25 billion to lock in oil export prices for 2018, industry sources told Reuters on Tuesday, in what is a second oil supermajor after Shell helping Mexico in Wall Street’s biggest oil hedge…

    …The Mexican oil hedge, or the Hacienda Hedge, is considered the biggest hedging bet on Wall Street as well as perhaps the most secretive….

  41. Well done, James. Well done Corbett community. Especially liked the little details that connected the bigger pictures from decade to decade. Again, WELL DONE all.

    • If Rogan went ahead and checked out the documentary, he probably ended with some creamy pants.

  42. May 2018 – Oil prices rise past 2014 levels and could go higher pending …Iran / Venezuela
    …WTI (West Texas Intermediate Crude grade) just hit $70 per barrel for the first time since late 2014. Prices continue to edge higher, pushed along by strong demand and falling inventories.
    But it is the geopolitical narrative that has really taken hold as of late, with the danger of supply outages looming in the next few weeks….

    Citi: U.S. To Become World’s Top Oil Exporter


    Bush Family old stomping grounds – West Texas (Permian Basin)
    The Future Of U.S. Oil Relies On A Single Play
    …In other words, more than half of all new production over the next five years will come from the U.S., and almost all of that will come from the Permian….

    NOTE – Dollar as a currency is rising

  43. Great Doc Mr Corbett! I love how ‘ole Devil Bill’ loaned his son $1000….with a 9% interest rate..more proof, time and time again..the elites have no desire or care for people or humanity.

  44. March 23, 2019
    Article in OilPrice.com

    How Big Oil Could Become Big Electricity

    When Big Oil majors started buying EV charging networks and battery producers, they probably earned some praise for venturing into new business directions away from their increasingly unpopular core business. Now, they are taking this a step further: supermajors have super utility plans.

    It was only a matter of time, really. Integrated oil companies know the importance of covering the whole supply chain in an industry, so it only made sense to grow into power generation once you’ve established a presence in one of the biggest growth segments in power demand: electric vehicles…

    …Some believe power generation and distribution is already turning into the new battleground for Big Oil. Andrew Critchlow, S&P Global Platts’ head of news for EMEA, warned in a recently published analysis that this Big Oil rush into power utilities might potentially “create a new breed of gigantic energy-controlling monopolies.”….

  45. Climate Change and Big Oil

    What Did #ExxonKnew and When Did They Knew It? – Question For Corbett #048

    As #ExxonKnew gains traction with the public, one Corbett Report listener writes in for more info on the subject. Today we explore the Rockefeller-funded beginnings of this push for prosecution, how it has disintegrated in the courts, and how it has succeeded in penetrating the public consciousness in the service of the technocratic agenda.

  46. OMG, what a magnificient document, its amazing and a little bit , disturbing the truth in that document. thank you so much for that document. it is my second time i watch it and i am style learning some info and digesting that much ….twisted world of money and control….i think the matrix is real…and i want to know…so i will take the red pill…
    thank you again James corbett and your team…

  47. German translation and spoken by Joachim Bettermann
    Übersetzt und gesprochen von Joachim Bettermann https://youtu.be/K-ez1r-lxHM

    Wie Big Oil die Welt eroberte [CORBETT REPORT – Deutsche Version]

    on the third channel of Gunnar Kaiser
    possibly soon on odysee (will add then)

  48. Could “Big Oil” exist without “Big Govt.”? The coercive govt. paradigm is necessary to create monopolies, explicit, and de facto (hidden). And the inhuman politics of violence is indoctrinated into children in public brainwashing camps, i.e., public school. It is so ingrained, it is seldom identified consciously, but it is quickly “defended” when the alternative, anarchism, is suggested. Anything less than authoritarianism, systemic threats, violence, fraud, is labeled “chaos”. No authority in the economic realm, i.e., capitalism, is likewise attacked as surrender to all-powerful “robber barons” who exploit the helpless. Law, regulation by threats, force, fraud, is the only way to have order, civilization, according to authoritarians who pretend to have an argument, but renounce that sham when refuted by threatening force, against all reason.

    • Big oil could certainly exist without Big Gov…it would just become the government the way that many counties are becoming Company Towns.

      Kids are indoctrinated to shy away from violence which is how you train your slave class.

      Inter group and probably “political ” violence goes back to hunter gather days. What went wrong is that normal people in the west now suck at violence so a tiny minority can now terrorize us.

  49. REFERENCE – Abiotic Oil or Abiogenic petroleum

    Remembering Fletcher Prouty (2012)
    At the 43 minute mark, Fletcher Prouty goes into fossil fuels, abiotic / abiogenic oil. He tells a fascinating story.
    Prouty mentions Arthur Kantrowitz of the AVCO Company…”Kantrowitz Labs” near Boston.
    For example: Oil at those great depths – What is heavier Oil or Water? Water: so it would go down, not oil. Oil would be on top, if it were “organic” and “lighter.”

    More links to Abiotic Oil or Abiogenic petroleum…

    Episode 024 – Peak Oil is a Fraud


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