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?Oil is King,? but how much longer?

 
sgtdjones 2017-10-13 13:00:19 

“New Energy Vehicles”: Can China Break Big Oil’s Global Order?

An Empire of Poverty & Tyranny

If you ask who has the power in the international financial system, the question can be answered with two words: Oil Bankers. The four super-major oil companies, Chevron, BP, Royal Dutch Shell, and Exxon-Mobil are largely considered to be the greatest blocs of power in the western world.

JP Morgan Chase, the combined financial empire of the Morgans and the Rockefellers controls Exxon-Mobil, the most powerful oil corporation in the western world. British Petroleum, the oil giant directed by forces in both Wall Street and the London Stock Exchange, is deeply tied to the titanic financial entity called HSBC Bank.

The House of Saud, with their barbaric Wahabbist political system, were selected and propped up by the British oil elite in the 1800s. The Saudi royal family has ruled the Arabian Peninsula as vassals ever since. In 1945, American oil tycoons followed their British cohorts and embraced the Kingdom of Saudi Arabia.

“These primitive regimes of the Arab world preside over underdeveloped societies with thousands of guest workers who live as 21st century slaves.

But the empire of the oil cartel expands beyond the Middle East. Africa’s top oil exporting country is Nigeria, a country where the average life expectancy is a mere 53 years old, and the rate of literacy is below 60%. BP, Shell, Exxon-Mobil, and Chevon extract petroleum from the Niger Delta region, enriching themselves as the people of this African nation face recurring crises of malnutrition. According to the CIA World Factbook, over 19% of Nigerian children under 5 are underweight.



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Tryangle 2017-10-13 13:17:13 

The main reason Venezuela's a political target for the US is the oil.

As for Nigeria, yeah. Oil rich, yet people in poverty.

I think the US is so resistant to electric cars (and trains... and don't forget solar and wind energy) that the chances of significant inroads to use of oil and petrol are slim in the short to medium term.

Europe appears to be way more into the idea of alternate energy.

 
jelfew 2017-10-13 13:17:16 

In reply to sgtdjones

Until Queen Elizabeth's great grandson's greatgrand child takes over the reign of England. big grin big grin