Cowardly Republicans - pockets lined with oil industry campaign dollars - blame President Obama for the recent surge in gas prices. Their asinine solution is, “Drill Baby Drill”.
Oil drilling has been on the rise in the US for the last few years. Hundreds of wells in Louisiana and Texas have been permitted and capped. Germany and Japan – two countries that drill virtually no oil – pay the same as we do at the pump.
But these are mere facts and Republicans are the party of slogans and fear. Facts are meaningless.
Equally lame was the MSNBC-led liberal media response to the attacks on the President. One by one repeater commentators from Ed Schulz to Keith Olbermann laid down the party line that, “there is nothing Obama can do about oil prices”, even citing a Fox News report to bolster their rickety Beltway thinking box.
The oil market, like most markets in this post-free market phase of monopoly capitalism, has nothing to do with supply and demand. It has to do with two things: speculators and an oil cartel I call the Four Horsemen – Exxon Mobil, Chevron Texaco, BP Amoco and Royal Dutch/Shell.
After decades of secret agreements, refinery shutdowns and mergers; this Rockefeller/Rothschild-owned cartel has the citizens of planet earth by the proverbial balls. No amount of drilling will fix this.
Short of nationalizing Big Oil, what is necessary – as I have opined several times before in this space – is simple enforcement of both the Sherman and Clayton Anti-Trust Acts.
Exxon & Mobil should be broken up into separate companies. Ditto Chevron, Texaco and Unocal. Ditto BP, Amoco and ARCO. Ditto RD/Shell and Pennzoil. Ditto Conoco and Phillips.
There is simply no competition in the oil markets.
This cartel now controls the flow of oil from the Saudi Arabian wellhead to the Toledo gas pump. While reactionary Republicans continue to blame environmentalists for the lack of US oil production, it was these oil giants who capped permitted wells in Texas and Louisiana and moved production to the Middle East – where Bangladeshi, Filipino and Yemeni workers are paid $1/day to work the oil rigs.
Four Horsemen control of refineries and pipelines are the key. Recently they have been shutting down refineries to artificially limit oil supply. And it was instructive that shortly after Obama denied permitting for the Keystone Pipeline – from which the US was to get NO oil – the cartel jacked gas prices as a sort of punishment.
I am now convinced that the “peak oil” phenomenon is a complete fabrication designed to justify the trebling of gas prices we have seen in the past decade. It is no coincidence that the “peak oil” fairy tale began to circulate just as the Four Horsemen were formed via a flurry of mergers a decade ago.
The second thing that can be done – short of shutting down the NYMEX oil futures casino – is for the Commodity Futures Trading Commission to limit the size of oil futures contract positions. The largest positions are held by the vampire squid Goldman Sachs, Morgan Stanley and other parasite investment banks.
The problem, as always, with the phony American political debate, is cowardice. The two parties love to bash one another, all the while ignoring the elephant in the room on a broad set of critical issues.
The pachyderms here are fairly large and thus easy to identify. It’s time for the President, Congress, the media and the American people to grow a pair and demand two simple actions:
(1 Break up the Four Horsemen using existing anti-trust law.
(2 Drastically limit the size of oil futures trading positions
Failing this the American economy will inevitably head back into a recession, the dumb people in the room will win their ridiculous “Drill Baby Drill” argument and Obama will lose the election.
Dean Henderson is the author of four books: Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries, Das Kartell der Federal Reserve & Stickin’ it to the Matrix. You can subscribe free to his weekly Left Hook column @ www.deanhenderson.wordpress.com
March 19, 2012 at 10:36 am
Good complement to this:
F. William Engdahl: Why The Huge Spike in Oil Prices? “Peak Oil” or Wall Street Speculation?
http://www.globalresearch.ca/index.php?context=va&aid=29803
Mr Engdahl was an oil industry analyst fir decades and grasped the mafiosi at the center of this monumental scam: the blackmailing of humanity through their energy, money, and food.
March 19, 2012 at 10:48 am
I don’t know what the Japanese are paying, but the gallon gasoline in Germany right now is around 8 USD, more then double of what you pay in the US (This may hint where the journey is heading to for you guys … ). However 5 USD of this is taxes (gasoline tax and VAT), so before tax the price may in fact be nearly the same, what is absolutely normal, since our oil all come from the same wells, and the cost of extracting oil from US-soil may even be higher then getting it out of the deserts in Arabia or the tundras of Russia. Transporting it is a negligable part of its cost.
To milk the cow efficiently, the gas stations in Germany changed their prices more then 600 times last year, per average nearly 2 times a day. 20 years ago it was less then once a week. Strangely, the prices always increase right before bank holidays, weekends or vacation season.
The peak-oil theory by the way ist much older then a decade, it was firstly published more then 50 years ago (Hubbard curve), and is heavily discussed since Meadows published “Limits to Growth”. It is only irrelevant for the future of society, if we believe that the oil reserves of our planet are virtually limitless – what I personally do not believe. In Germany for instance we once actually drilled quite some oil. Nearly all of the wells are dried up by now. The supply proofed to be not limitless.
As you correctly stated, there will be no nationalizing or shut down of anyone who profits from this system. The only thing we as victims can do is to avoid it, to boycott it. Don’t buy plastics, don’t wear polyester, don’t own a car, don’t heat with oil, to begin with.
March 19, 2012 at 10:48 am
Does it make a difference who resides in the Pentagonian White House?Obambi is chaparoning the PNAC agenda as sweetly as if the Cheyney gang never left. I remember being told back in 1977 (I was working in NY at the time)that the plan was to exhaust the M.E. and other external supplies and keep the home supply in reserve, even to the extent of storing imports in underground reservoirs in the US. They would be the final fallback when the rest of the planet was reduced to debris. Seems to be coming to pass. I reckon the gun is to Obama’s KIDS’ heads. We’re gonna do it anyway, stay where you are and we might even give you a second term before we blow yo nigga ass away. Be awkward and we can aford to lose Airforce One in a terror shot, when you’re all aboard.Or words to that effect. Wanna be a black Kennedy?We’ll enjoy Arlington, even cry for ya. As the old song said, ‘We played scrabble with LBJ..’
March 20, 2012 at 5:59 pm
Uncle Dean, I am pretty ignorant with most things oil
We are paying $10 a gallon for gasoline right now in Italy, not sure what % is taxes. I have a question that I have been wondering a long time and have never gotten an answer to. here in Italy you can buy cars that run on methane and propane and it is TONS cheaper! If you dont want to buy a newer car (I think they’ve been making bi power for at least 10 years) you can have a methane or propane tank ‘implant’ put in. We are about 2 1/2 hours from Rome. With gasoline round-trip would cost us about 90 euro, propane about 50 and if we had methane it would be about 10. I’ve heard that some trucks run on propane in the states (propane delivery trucks) but no one has heard of other ‘family cars’. I may be totally out of the loop and the latest Ford may have a propane or methane model but why in the world arent the other options available? Who knows, they could be worse for the environment I have no idea…just wondering 
As corrupt as Italy is I cringe every time I think about returning (long term) to America 
Love you guys!
March 21, 2012 at 8:22 am
Kathy, there are actually three types of gas: LPG (liquid petroleum gas), natural gas, and methane (biogas). The first two are widely in use, my father in law has a LPG car. They are not that efficient as gasoline or diesel, but since they are approx. only half the cost of gasoline or diesel, you can reduce your fuel costs by around 40%. Those two fuels have much higher requirements to the car’s tank, so you need to refuel much more often then you might be used to, what is a problem in areas where there are not that many stations offering this kind of fuel. You can convert most gasoline cars (not diesel cars) to LPG or natural gas for something around 2.000 Euros.
Methane is a completely different thing, since it is made out of biomass. The liquified gas of that is that problematic, that the costs for the tanks in cars and the technology at service stations is nearly prohibitive. The gas is cheap, the logistics around it is not. That’s the reason, why you rarely see Methane cars on the streets.
March 20, 2012 at 7:27 pm
Dean, I am a big fan of your 4 Horsemen writings and always amazed at the level of detail you provide. Yet, I am surprised you are not a believer in peak oil. I thought the evidence was overwhelming. Wells dry up and oil companies move on. All the easy to find oil is gone and oil companies have to move to deeper and deeper offshore wells. Finds are getting smaller and smaller. The cost to do so in increasing and that’s why the refineries are finding less profit and shutting down. Although, I think they are also doing that to squeeze us. Typical Rockefeller / Rothschild move.
Have you read any of Michael Klare’s work? Or Michael Ruppert at @collapsenet?
March 20, 2012 at 7:31 pm
Also, I think nationalization / breakup of the 4 Horsemen is a great idea but I can imagine that it would take a Soviet style collapse to enable a President to do so. What court, Congress, or administration is NOT corrupted by Big Oil? Only Ron Paul seems to be clean but he would never nationalize anything. He’s a free market libertarian.
March 21, 2012 at 1:38 am
America one day will find that domestic terrorism is the only way this country will ever change. The same enemies we are fighting today we will be glorifying and learning from 100 years from now if our country even lasts that long. This country was founded by terrorists and will again be saved by “terrorists”. It’s the only way.
March 21, 2012 at 5:32 pm
If there is any ‘saving’ done it will be by burying countries as the 19th century super-tribalisms they are, and getting planetary…anything short of that collective human consciousness will revert to the same old competitive cycles of destruction. Its an evolutionary crisis, the question being whether we can collectively win the human race(Individually it has always been feasible). Homo dinosaurus vs. the sapient cell. Our reptilian hindbrains are ahead by several laps. The odds aint sweet.
March 27, 2012 at 1:11 pm
Breaking the 4 horsemen up, so they can re-merge at some point in the future? No. Let’s shoot the works. Finite natural resources should be our collective inheritance and managed as such. Even before these mergers, they were able to collude to eliminate rail and trolleys etc, so that clearly is no guarantee that these assets will be managed for the national interest. The silver bullet, as Mossadegh showed, is nationalization. Without the incentive for quick hit and run profits, dangerous yet presently inevitable technologies can be managed with far less damage to the rest of the economy and the environment. I appreciate yr observation of peak oil theory coinciding with all these mergers – that is exactly how ideas that gain widespread currency, that seem radical, are fabricated in this culture. Still, I think Peak Oil theory holds, it just has little to do with what’s going on today, except to obscure the true reasons.
May 15, 2012 at 3:14 pm
Reblogged this on John Malcolm.
October 23, 2012 at 12:49 am
Reblogged this on Kristopher McCraw aka imercury .