History repeats itself whether we like it or not. Those who understand that benefit.
Standard Oil was formed in the late 1800's and was broken up in the early 1900's into 7 companies, which proliferate until today. The 7 sister companies, Shell, BP, Texaco, Amoco, American Oil, etc (check GasHole) formed a cartel. The stockholders remained the same. They continued to rule the planet.
remember it was these 7 companies that controlled the entire world oil production. then OPEC was formed when revolution in the midle east resulted in new leadership and nationalizazation of their local oil production.
the 1970's saw the peak of oil production in the united states along with bad foreign policy, along with the empowerment of the oil producing nations that nationalized their production.
Remember that Mexico kicked out Standard Oil in the 1910's when Lazaro Cardenas nationalized Mexico's oil and created PEMEX. In the late 1990's, Chavez did the same in Venezuela and he was demonized by the American media and US government. The were several coup d'etats but he still won with local support.
In all the crises of the late 1970's, Jimmy Carter lost the eletion of 1980 to Reagan, an actor, and George Bush Sr, a former CIA director.
Thursday, July 28, 2011
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