Archive for category Big Oil
(Excerpted from Chapter 6: The Bank of Crooks & Criminals International: Big Oil & Their Bankers…)
The Black Network
The Bank of Credit & Commerce International’s (BCCI) most notorious acts were hatched out of its Karachi branch, where the bank’s Black Network (BN) operated. BN was a global intelligence and enforcement unit that specialized in transporting arms, drugs and gold.
BN operations overlapped with the operations of CIA, Israeli Mossad, the Pakistani ISI and Saudi intelligence, all of whom had accounts at BCCI. BN served as middleman for Saudi aid to both the Nicaraguan contras and the Afghan mujahadeen, aid which was being solicited by Richard Secord. 
BN worked extensively with the Israeli Mossad to coordinate Israeli arms deals, especially to Arab countries.
Saudi billionaire Adnan Khashoggi was often at the middle of these deals, along with Manucher Gorbanifar, the former SAVAK agent for the Shah of Iran, whose prowess in the fine arts of torture had landed him a job at Mossad.
BN had close ties to Lieutenant Colonel Amatzia Shuali, an Israeli who split time training Nicaraguan contras and Guatemalan death squads. BCCI was banker to Columbian drug kingpin Gonzalo Rodriguez Gacha and had numerous branches in that country.
In 1984, at the height of the contra war, BCCI founder Abedi bought Banco Mercantil in Columbia. In 1989 when Columbian officials raided Gacha’s farm they found Galil assault rifles in crates marked “Israeli Military Industries”. The guns had been used in Mossad’s training of Gacha’s paramilitary army, which was instructed to assassinate Columbian union leaders. Another Israeli with close ties to BN was Ari Ben-Menashe, who helped the Reagan Administration arm Iran.
BN helped Iraqi President Saddam Hussein stash $30 million in skimmed oil revenues from his country’s Treasury, while simultaneously brokering Iraqi Scud missile purchases. The bank brokered nuclear weapons deals for Iraq, Libya, Argentina and Pakistan.
It financed Italian tank sales to Abu Dhabi, North Korean artillery sales to Dubai, Chinese Silkworm missile sales to Saudi Arabia, Brazilian rocket launcher sales to Iran and Iraq, Argentine tank sales to Iraq and French Mirage fighter plane sales to Pakistan, India, Peru, Libya and the GCC Gulf States. They even supplied the tanks to the Kuwaitis for the victory march following Operation Desert Storm, along with Eastern European personnel to drive the tanks while the inept Kuwaitis rode on top waving flags.
In 1985 following the bombing of the US Marine Corps barracks in Beirut, Lebanon which killed nearly 300 Marines, CIA Director Bill Casey ordered retaliation. BCCI financed the CIA assassination units who hunted Hezbollah operatives. One of those units killed 80 civilians and injured 200 more in a botched attempt to kill Hezbollah leader Sheik Fadlallah. 
by: Lisa Garber
July 31, 2012
An Ecuadorian court recently demanded Chevron to pay $19 billion in environmental damages. This includes $900 million for the Amazon Defense Front—a coalition of plaintiffs in this decade-long legal battle—and an additional $8.6 billion because Chevron refused to apologize. Ouch!
The Amazon’s Chernobyl
Instead of paying up, Chevron is putting up its usual dirty fight. Its lawyers plan to appeal, and called the region’s legal system “illegitimate” and the reparations “unenforceable in any court that observes the rule of law.”
Those are strong words from a company that, between 1964 and 1990, had such poor waste management practices that 1,400 locals died. Needless to say, it’s not called “the Amazon’s Chernobyl” for nothing.
During those years, Chevron dumped billions of gallons of waste oil and water into open pits, thereby polluting fishing grounds, devastating crops, killing farm animals, and raising the rate of cancer among residents. Texaco (later bought by California-based Chevron) acknowledged the damage enough to promise $40 million to clean up after themselves, but they don’t seem happy about the updated number, $19 billion.
Fraud and Misconduct
“Rather than accept responsibility, Chevron has launched a campaign of warfare against the Ecuadorean courts and the impoverished victims of its unfortunate practices,” said Pablo Fajardo, now celebrated lawyer and winner of the Goldman Environmental Prize in 2008 for his dedication to the case.
Chevron boasted $19 billion in earnings in 2010 and is predictably reluctant to let a cent of it go. In 2011, they claimed to have undercover investigators with evidence of improper association between the judges and plaintiffs. “We intend to see that the perpetrators of this fraud are held accountable for their misconduct,” they said in February 2011.
The plaintiffs—and activists worldwide—hope the same justice is meted out to Big Oil, and the justice better come soon.
by: Boom Criteria
Wednesday, July 18, 2012
There was once a company named “Glori Oil” based in Houston, Texas, according to its website, it was:
“a Delaware corporation founded in 2005 to commercialize technology developed by ‘The Energy and Resources Institute’ (known as TERI). [...]
Our vision is to be the leader in bio-technology solutions to the global oil and gas industry and service provider of choice to both independent and major oil and gas producers. Our mission is delivering state of the art bio-technology solutions to improve and increase recovery from mature oil wells and to solve complex problems associated with the production of oil, gas and water.”
It’s important to note that TERI, now unanimously known as ‘The Energy and Resources Institute’ was once actually named “Tata Energy and Resources Institute’, but I’ll get back to that later.
Glori Oil also later changed its name to Glori Energy, Inc. and recently appointed a certain Robert Button as President of Glori Holdings, a subsidiary of Glori Energy.
Here’s how they announced it in their March 2012 newsletter :
“… Button will apply his extensive industry experience in support of Glori’ strategy to acquire end-of-life and abandoned oil fields for increased oil production.
Button is a senior Exploration and Production (E&P) business leader with 30 years of U.S. and international industry experience with Amoco and BP.
Button joins Glori from BP where he served in an executive role and was accountable for the Organization Capability of the E&P Segment Operations, Health-Safety-Environment, and Engineering disciplines.” (Source)
Glori Energy’s slogan : “Tomorrows oil from yesterday’s wells.”
Many might think that such environmentally unfriendly “Big Oil” company must be lobbying and spreading lies in the anthropogenic global warming/climate change debate to protect its dirty business.
July 17, 2012
Is the petrodollar dead? Well, not yet, but the nails are being hammered into the coffin even as you read this. For decades, most of the nations of the world have used the U.S. dollar to buy oil and to trade with each other. In essence, the U.S. dollar has been acting as a true global currency. Virtually every country on the face of the earth has needed big piles of U.S. dollars for international trade. This has ensured a huge demand for U.S. dollars and U.S. government debt. This demand for dollars has kept prices and interest rates low, and it has given the U.S. government an incredible amount of power and leverage around the globe. Right now, U.S. dollars make upmore than 60 percent of all foreign currency reserves in the world. But times are changing. Over the past couple of years there has been a whole bunch of international agreements that have made the U.S. dollar less important in international trade. The mainstream media in the United States has been strangely quiet about all of these agreements, but the truth is that they are setting the stage for a fundamental shift in the way that trade is conducted around the globe. When the petrodollar dies, it is going to have an absolutely devastating impact on the U.S. economy. Sadly, most Americans are totally clueless regarding what is about to happen to the dollar.
One of the reasons the Federal Reserve has been able to get away with flooding the financial system with U.S. dollars is because the rest of the world has been soaking a lot of those dollars up. The rest of the world has needed giant piles of dollars to trade with, but what is going to happen when they don’t need dollars anymore?
Could we see a tsunami of inflation as demand for the dollar plummets like a rock?
The power of the U.S. dollar has been one of the few things holding up our economy. Once that leg gets kicked out from under us we are going to be in a whole lot of trouble.
The following are 11 international agreements that are nails in the coffin of the petrodollar….
#1 China And Russia
China and Russia have decided to start using their own currencies when trading with each other. The following is from a China Daily article about this important agreement….
China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.
Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.
“About trade settlement, we have decided to use our own currencies,” Putin said at a joint news conference with Wen in St. Petersburg.
The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.
#2 China And Brazil
Did you know that Brazil conducts more trade with China than with anyone else?
The largest economy in South America has just agreed to a huge currency swap deal with the largest economy in Asia. The following is from a recent BBC article….
China and Brazil have agreed a currency swap deal in a bid to safeguard against any global financial crisis and strengthen their trade ties.
It will allow their respective central banks to exchange local currencies worth up to 60bn reais or 190bn yuan ($30bn; £19bn).
The amount can be used to shore up reserves in times of crisis or put towards boosting bilateral trade.
#3 China And Australia
Did you know that Australia conducts more trade with China than with anyone else?
Australia also recently agreed to a huge currency swap deal with China. The following is from a recent Financial Express article….
The central banks of China and Australia signed a A$30 billion ($31.2 billion) currency-swap agreement to ensure the availability of capital between the trading partners, the Reserve Bank of Australia said.
“The main purposes of the swap agreement are to support trade and investment between Australia and China, particularly in local-currency terms, and to strengthen bilateral financial cooperation,” the RBA said in a statement on its website. “The agreement reflects the increasing opportunities available to settle trade between the two countries in Chinese renminbi and to make RMB-denominated investments.”
China has been expanding currency-swap accords as it promotes the international use of the yuan, and the accord with Australia follows similar deals with nations including South Korea, Turkey and Kazakhstan. China is Australia’s biggest trading partner and accounts for about a quarter of the nation’s merchandise sales abroad.
(Excerpted from Big Oil & Their Bankers…Chapter 16: The Mexican Fast Track)
The two were busy shipping cocaine through CIA agent John Hull’s Costa Rican ranch. They fled Colombia after ordering the assassination of Colombian Justice Minister Rodrigo Lara Bonilla and found refuge in CIA employee Noriega’s Panama, where that same year Nicaraguan contra godfather and Mossadegh coup master Vernon Walters was meeting secretly with Colombian President Julio Turbay to launch a top-secret US military base on the Colombian island of San Andres.
The Caribbean island quickly became a major smuggling route for Colombian cartel cocaine.
With the passage of NAFTA, Mexico became the main transshipment point for Salinas-greased cocaine entering the US from Colombia. The first stage of the new Free Trade Agreement of the America’s is being carried out under the name Plan Colombia.
The Plan includes a large energy component, assisting the Four Horsemen (Exxon Mobil, Chevron Texaco, BP Amoco & Royal Dutch/Shell) in the development of their extensive oil and petrochemical ventures in Colombia, where they hold a monopoly over the nation’s energy resources. In the 1980’s Shell bought the Colombian operations of Occidental Petroleum and Tenneco. Exxon Mobil owns large coal mines in the country, while BP Amoco recently discovered huge oilfields in Columbia. 
Plan Colombia also includes a military component, which flies under the banner of drug eradication, but which is actually a counterinsurgency campaign aimed at two powerful leftist guerrilla armies who have been fighting the Colombian narco-oligarchy for over 40 years.
The Columbian left began to go underground after the 1948 assassination of popular leader Jorge Eliecer Gaitan at the Inter-American Conference in Bogota. They formed two guerrilla armies- FARC (Revolutionary Armed Forces of Colombia) and ELN (National Liberation Army).
Both have historically focused their attacks on Four Horsemen installations. Occidental pipelines were ruptured, Chevron Texaco executives kidnapped and BP Amoco installations destroyed. FARC – under the leadership of Manuel Marulanda – controls a huge chunk of territory in southwest Colombia near Popayan.
Eighty-percent of the $1.3 billion Plan Colombia package goes towards the purchase of arms and the hiring of military advisers. More than 400 US advisers now train 12,500 Columbian Special Forces at 34 US military bases in Colombia. High-tech espionage and radar devices have been sent to Colombia, along with 80 Huey and Blackhawk helicopter gunships.
The plan allows for chemical warfare against Colombian peasant farmers via widespread aerial spraying of glycerin-phosphate on coca crops. The spraying kills the livestock of poor peasant farmers, many of whom now suffer from previously unknown illnesses. 
While US propaganda paints the guerrillas as narcotraffickers, the reality is that Colombia’s oligarchy and military are firmly in the driver’s seat of the country’s cocaine business. US multinationals, international banks and the CIA are the facilitators.
Most Colombian presidents have been paid off by the drug cartels. Those who have not been bought don’t stay in office for long. That was the fate of President Verhilio Barco, who in the early 1990’s, along with his Peruvian and Bolivian counterparts, had the audacity to demand that President Bush stop Exxon, Chevron and RD/Shell from sending acetone and ethyl-ether to South America, since these chemicals are required in the production of cocaine.
Sen. Harry Reid (D-NV) urged Bush to do the same. Bush refused, the Barco Presidency was short-lived and a more pliable Colombian leader emerged.
In 1994 new President Ernesto Samper accepted $6 million from the Cali Cartel to run his campaign. His campaign manager was Colonel Fernando Botero-Zea, who later became Samper’s Defense Secretary.
Botero-Zea was the CIA’s main contact to the Colombian Armed Forces. He received Cali Cartel donations and deposited them into a Barclay’s Bank account in Bogota. Botero-Zea also had an account with Barclay’s New York, which the US DEA ordered investigated. But the colonel has all the right connections. His attorney was Stuart Abrams, who helped derail any meaningful investigation of Iran/Contra. 
Samper’s good friend Jaime Michelson Uribe founded the Grancolumbia business consortium, a major conduit for cocaine traffic. In 1997 the US de-certified Columbia as a reliable partner in the drug war, while President Clinton threatened to ban Samper from the US. Samper answered by saying he would no longer cooperate with the US on the drug issue. He also threatened to release a list of US multinationals who were involved in the Columbian cocaine business.  Clinton quickly backed down. Samper never mentioned the list again.
The US mega-banks must have been relieved. When Chase Manhattan executive John Marcilla brought proof of drug money laundering by Chase Colombian subsidiary Banco de Comercio to his New York bosses he was fired. David Edwards got the same response when he brought up the topic with his Citibank higher-ups.
The Four Horsemen showed gratitude for Samper’s silence by pumping record investment into Colombia and urged Clinton not to impose sanctions on the country. Chevron Texaco, BP Amoco, the Kuwaiti-owned Occidental, Bechtel and Lawrence Eagleburger’s Halliburton baby Dresser Industries led the charge in the Columbian resource grab. 
In 1998, while Clinton was busy commending Samper’s successor Andres Pastrana for his drug war efforts, the head of Colombia’s Air Force was forced to resign after an Air Force jet he was flying on was found carrying 600 kilos of cocaine when it landed at Ft. Lauderdale in Governor Jeb Bush’s state of Florida. The general received no prison term or fine from either the Colombian or US government. 
US drug war allies in neighboring pre-Chavez Venezuela were equally corruptible. In 1996 a Miami grand jury indicted the former head of a CIA-sponsored anti-drug unit in that country for smuggling twenty-two tons of cocaine into the US.
General Ramon Guillen led a Venezuela National Guard unit in Caracas which the CIA funded. US law enforcement officials said the CIA approved Guillen’s shipments. The CIA Chief of Station in Venezuela was forced to resign when Guillen got caught. DEA Station Chief in Caracas Annabelle Grimm told 60 Minutes that she turned down a CIA request to make uncontrolled cocaine deliveries to Miami, under the guise of a sting operation against Medellin Cartel kingpin Pablo Escobar. When Grimm refused, the CIA shipped the coke anyway. 
Colombia’s military is knee-deep in the cocaine business, as are the country’s paramilitaries, which wealthy Colombian oligarchs and drug kingpins train to attack the Colombian left. The right-wing paramilitaries carry out their state-sanctioned terrorism under the banner of the United Self-Defense of Columbia.
They are, in fact, death squads whose record of slaughtering innocent civilians, union members and human rights workers is among the world’s worst. The biggest Columbian drug lords were Pablo Escobar, Jorge and Fabio Ochoa, Gonzalo Rodriguez Gacha, Fidel Castano, Carlos Lehder and Victor Carranza, who collectively ran the Medellin and Cali Cartels – the main sponsors of Colombia’s paramilitaries.
The goons are trained by British and Israeli mercenaries and often torture peasants on cartel-owned haciendas.  Carlos Lehder is a self-proclaimed Nazi who formed the notorious MAS (Death to Kidnappers) – the most brutal of the death squads. Lehder was a business associate of Robert Vesco.
Fidel Castano is principal paramilitary funder in Cordoba. Castano’s hacienda served as training camp for terrorists who carried out the cleansing of the Uraba Region for Pablo Escobar and Gonzalo Rodriguez Gacha, a campaign of terror against the homeless and shanty dwellers. A similar campaign was carried out in Cali by paramilitary Cali Linda (Beautiful Cali).
The cocaine paramilitaries work directly with Colombian police and military units. Paramilitaries linked to the drug oligarchs carried out massacres in both Trujillo and Cali. In both incidents local police and military units, as well as the elite Army Palace Battalion of Buga, were involved in the atrocities.
In Putamayo the Anti-Narcotics Police control and protect the paramilitaries, who have carried out numerous massacres. In 1995 the Columbian government and human rights groups issued a joint report citing Army Colonel Antonio Uruena as leader of a paramilitary that killed more than 100 civilians in drug-related incidents from 1988-1991. 
Confessions by former Army Major Oscar Echandia – Military Mayor of Puerto Boyaca in the early 1980’s – shed light on the cozy relationship between the cocaine cartels, the Columbian military and Big Oil. Echandia described how paramilitaries were ordered to kill supporters of the centrist Liberal Party. He said the alliance between paramilitaries and drug traffickers was formed in 1983-1984, citing the onset of close relations between Rodriguez Gacha and Colonel Plazas Vega – Commander of the School of the Cavalry of the Army.
This was the same time Vernon Walters was setting up the San Andres deal. Echandia said British and Israeli mercenaries began showing up in Puerto Boyaca in 1989 accompanied by Columbian F-2 intelligence agents and Army personnel. He said financial support for training and maintenance of the paramilitaries came from wealthy ranchers and the Four Horsemen. 
Under Plan Colombia the US arms spigot will open wide in supplying the crooked Columbian military. In January 2002, President Andres Pastrana, perhaps feeling that implementation of Plan Columbia would give his troops a long-awaited military advantage over FARQ and ELN rebels – who have embarrassed the Columbian military on numerous occasions – announced a 48-hour deadline for FARQ to evacuate its southwest Columbia stronghold.
FARQ simply repositioned itself, moving more of its operations into Colombia’s major cities. FARQ kidnapped a right-wing Colombian Congressmen and attempted to assassinate Presidential candidate Uribe, who promised to wipe out the rebels if elected.
On August 7, 2002, as the tough-talking Uribe was sworn in at a high-security Bogota ceremony, mortar attacks killed 14 people. With the rebels going on offense and Plan Colombia kicking into high gear, all-out war in Colombia seems inevitable. Adding fuel to the fire, in 2007 the Colombian media uncovered evidence linking the Uribe government to the paramilitaries in a scandal known as Paragate.
 “A New Rush into Latin America”. New York Times. 4-11-93. Sec.3. p.1
 “The Geo-Strategy of Plan Colombia” Manuel Tamayo. Covert Action Quarterly. Winter 2001. p.40
 “US Has Obtained Barclay’s Records in Columbia Probe” Glenn Simpson Wall Street Journal. 2-26-96
 “Sampras Podria Frenar Programmes de Cooperacion”. AFP. Prensa Libre. Guatemala City. 3-8-97
 “Foreign Funds Buoy Foreign Leader”. Thomas T. Vogel Jr. Wall Street Journal. 8-20-96. p.A6
 Evening Edition. National Public Radio. 11-10-98
 “Former CIA Ally Faces Drug Charges”. Wall Street Journal. 11-22-96. p.A12
 Colombia: The Genocidal Democracy. Javier Giraldo S.J. Common Courage Press. Monroe. 1996. p.88
 “Troops in Panama Aim for Drug Runners”. Douglas Farah. Washington Post. 2-15-95
 Giraldo. p.90
Dean Henderson is the author of 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 and Das Kartell der Federal Reserve. Subscriptions to his Left Hook blog are FREE at www.deanhenderson.wordpress.com