The Secret of the Seven Sisters

Published On: May 20, 2013
289 words
Views: 703

On August 28, 1928, in the Scottish highlands, began the secret story of oil.  Three men had an appointment at Achnacarry Castle – a Dutchman, an American and an Englishman.

The Dutchman was Henry Deterding, a man nicknamed the Napoleon of Oil, having exploited a find in Sumatra. He joined forces with a rich ship owner and painted Shell salesman and together the two men founded Royal Dutch Shell.

The American was Walter C. Teagle and he represents the Standard Oil Company, founded by John D. Rockefeller at the age of 31 – the future Exxon. Oil wells, transport, refining and distribution of oil – everything is controlled by Standard oil.

The Englishman, Sir John Cadman, was the director of the Anglo-Persian oil Company, soon to become BP. On the initiative of a young Winston Churchill, the British government had taken a stake in BP and the Royal Navy switched its fuel from coal to oil. With fuel-hungry ships, planes and tanks, oil became “the blood of every battle”.

The new automobile industry was developing fast, and the Ford T was selling by the million. The world was thirsty for oil, and companies were waging a merciless contest but the competition was making the market unstable.

That August night, the three men decided to stop fighting and to start sharing out the world’s oil. Their vision was that production zones, transport costs, sales prices – everything would be agreed and shared. And so began a great cartel, whose purpose was to dominate the world, by controlling its oil.

Four others soon joined them, and they came to be known as the Seven Sisters – the biggest oil companies in the world. https://www.aljazeera.com/program/featured-documentaries/2013/4/26/the-secret-of-the-seven-sisters

POPULAR

FinalCut Pro License Fundraiser

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

About the Author: Chris Machens

Chris Machens
Chris covers the climate since 2011, and when not posting articles to the site he usually works on our next video production.
    Subscribe
    Notify of
    guest

    0 Comments
    Oldest
    Newest Most Voted
    Inline Feedbacks
    View all comments