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Left Hook Columns

History of British Petroleum: Part II

000009In 1928 Sir John Cadman of BP held a little meeting at his Achnacarry, Scotland castle.  In attendance were Sir Henry Deterding of Royal Dutch/Shell, later an avid supporter of Adolf Hitler; Walter Teagle of Exxon, who later shipped chemicals to the Nazis; and William Mellon of Gulf Oil, which is now part of the ChevronTexaco abomination.

The Achnacarry Agreement divided the world’s oil reserves among the Four Horsemen (see my Big Oil & Their Bankers… book).  BP and Shell, the Rothschild faction of the Horsemen, took over the Iraqi Petroleum Company and the Iranian Consortium, while Exxon, Mobil, Chevron, Texaco and Gulf Oil, the Rockefeller wing of the Horsemen, became Saudi ARAMCO.  By 1949 BP and RD/Shell controlled 52% of Middle East oil, while the American Horsemen controlled 42%.

Between 1931-1933 this Cartel ruthlessly cut the price of East Texas crude from $.98/barrel to $.10/barrel, ruining many independent Texas wildcatters.  Those who survived were put under a strict production quota system which still exists today.  Meanwhile the Cartel moved its operations to the cheap labor pastures of the Middle East, putting thousands of US oil workers out of jobs in Texas and Louisiana.  US taxpayers have been funding Middle East wars for these welfare oil barons ever since.  If you want to blame someone for our dependence on foreign oil, blame BP and the their Cartel pals.

BP bought Amoco, then Arco in 1999, becoming a 72% owner of the Alaskan Pipeline.  In late 1998 a series of BP emails revealed plans to “short the West Coast market”,  by diverting US oil to Asia.  The company wanted to create “West Coast uplift scenarios” and gouge US consumers.  In late June 2006 BP was accused of trying to corner the US propane market.  BP is also one of the world’s biggest bauxite producers, with big mines in Jamaica.

BP has interlocking board directorates with British old money companies such as Hudson Bay, Kleinwort Benson, Jardine Matheson, HSBC & P & O Nedlloyd Shipping- the world’s biggest port operator.  The Warburg-family controlled Deutsche Bank, JP Morgan Chase and Wells Fargo are large share holders, along with the Rothschilds and the European royals.

British Petroleum, formerly known as first Anglo-Persian Oil and then Anglo-Iranian Oil, hatched Operation Ajax in 1953, employing CIA, Israeli Mossad and British M16 agents to overthrow the democratically elected government of Mohamed Mossadegh in Iran.  This event lies at the root of US/Iranian tension still today.

In Columbia, BP has been implicated with funding the right-wing death squads that terrorize that nation.  In the late 1990′s it was BP which was given the majority stake in the formerly nationalized Russian oil company Lukoil.  BP’s assets quadrupled, while Russia was robbed of its oil resources and spun into a severe financial crisis.  And it was BP who offloaded its toxic cleanup liabilities via its ARCO subsidiary at Milltown, MT onto US taxpayers when that badly polluted area was made into a Superfund site.

BP is one of four gigantic oil companies which now control the global oil industry from well-head to gas nozzle.  In my book, Big Oil & Their Bankers in the Persian Gulf…I call them the Four Horsemen.  They are BP Amoco, ExxonMobil, Chevron Texaco and Royal Dutch/Shell.  After decades of merger-mania, these Four Horsemen, owned largely by the Rockefeller and Rothschild families and European nobility, have not only vertically integrated the oil industry, but have horizontally integrated the entire energy sector, since they are also the biggest owners of coal, methane and natural gas on the planet.

BP is the biggest deep water driller in the world.

As for US energy policy, it’s time to break up Big Oil and launch a US Energy Company under the Department of Energy - with a focus on alternative energy production.  If the 2010 BP Gulf of Mexico fiasco wasn’t a wake up call, then consider the economic thoughts of one Daniel Webster,

“The freest government cannot long endure when the tendency of the law is to create a rapid accumulation of property in the hands of a few, and to render the masses poor and dependent”.

Dean Henderson is the author of five 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 & The Federal Reserve Cartel.  You can subscribe free to his weekly Left Hook column @

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