HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Video & Multimedia (Forum) » Book marked for viewing t...
Introducing Discussionist: A new forum by the creators of DU

Fri Apr 5, 2013, 06:52 AM

Book marked for viewing this weekend ... 7 sisters ... the birth of really BIG oil

http://www.aljazeera.com/programmes/specialseries/2013/04/201344105231487582.html

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.


Henry Deterding (Dutch Royal Shell) Walter C. Teagle (Standard Oil) John Cadman (Anglo-Persian oil Company, soon to become BP

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 - Exxon, Shell, BP, Mobil, Texaco, Gulf and Chevron - the biggest oil companies in the world.

0 replies, 380 views

Reply to this thread

Back to top Alert abuse

Reply to this thread