The following is a summarised/truncated version of The New US-British Oil Imperialism by Norman D. Livergood. The full text on the page linked here is about 6 times longer. The original text also has colourful illustrations and helpful hyperlinks throughout the passage to explanatory materials .
The U.S. invasion of Iraq to loot its oil and politically restructure the Middle East, is part of a policy of military imperialism that the American and British ruling circles have been engaged in for several centuries. To overcome the problem of his oil holdings being broken apart by the U.S. government in 1911, John Rockefeller set out to control the world’s energy reserves. World War I was the strategy of the world oil cartel (Standard, Shell, British Petroleum) to take over the colonies of France, Holland, Spain and Portugal. The engines of war now ran on petroleum-based products, so ownership of oil could determine who won or lost a war–therefore who would rule the world. Oil, instead of gold, became the token of power. By 1919, the Oil Empire, not based on countries or nations, but on private corporations, ruled the world. The Big Three oil cartel, which controlled oil in the Persian Gulf and southeast Asia areas, wanted to gain control over the vast oil reserves in the southern part of the Soviet Union. They financed the fascist regimes in Germany, Italy, and Japan with the hope that they would invade and control Russia. The Oil Rulers planned to defeat the German, Italian, and Japanese regimes and take control of the oil reserves in the Soviet Union. The Rockefeller circle also planned to take control of Persian Gulf oil from the British-Persian Oil cartel and seize control of southeast Asian oil from Royal Dutch Shell.
At the end of World War II, the British-Persian Oil Company controlled the vast oil fields in Iran. To take control of Persian Gulf oil from the British, in 1954 Kermit Roosevelt, nephew of Franklin, led an American CIA coup to take control of Iran and place in power the American-backed Shah of Iran. The Shah expelled the British, and Rockefeller’s Standard Oil now had control of the British-Persian petroleum fields.
In the early 1950s, Occidental Petroleum’s Armand Hammer, a satrap of the Rockefellers, negotiated a deal with Russian dictator Joseph Stalin to buy his oil–thus effectively stealing it from the Russian people. Russian oil was then sold on the world market at a much higher price than Stalin could get by marketing it himself, because few countries were willing to buy oil from Stalin.
Occidental Petroleum and Russia built two large pipelines, from the Russian oil fields down along both sides of the Caspian Sea, terminating in the old British-Persian–now Standard Oil–oil fields in Iran. For the next 45 years, Russia secretly sent its oil out through those pipelines and Standard Oil sold the oil on the world market at the “West Texas Crude” price by calling it Iranian oil. For almost fifty yeas most Americans have been using Russian oil in their cars.
Standard Oil refineries, which produce gasoline from crude oil, are located at large sea ports like San Francisco, Houston or Los Angeles, not near any of the large American oil fields. Most oil from the Persian Gulf is shipped in oil tankers to those large American refinery-ports.
In 1979, the Standard Oil-backed Shah of Iran was thrown out by a British-backed coup and the long-time British asset, Ayatollah Khomeni, put into power. The flow of Russian oil through Iran suddenly stopped. Other oil pipelines were constructed through Iraq and Turkey. The Russian oil was now called OPEC Arabian-Middle Eastern oil and marketed at the even higher “spot market” price. So in 1979, in America and Europe, we suddenly experienced gasoline shortages and huge increases in the price of gasoline. Also in 1979 Standard Oil-Russian oil interests tried to secure an alternate, short, safe oil pipeline route from Russia through neighboring Afghanistan, but this only resulted in a prolonged war and the project was abandoned.
When the new British-controlled regime in Iran came into power, the Rockefeller-influenced U.S. government immediately threatened to seize $7.9 billion of Iranian assets located in the U.S. On November 4, 1979 Iranian “terrorists” captured and held hostage 65 Americans. Essentially, Standard Oil was being blackmailed by the hostage strategy. After lengthy negotiations, the Rockefeller-created President Jimmy Carter approved the electronic transfer of 7.9 billion dollars from U.S. accounts to the Iranian regime on January 20, 1981.
On Wednesday January 27, 1988, as announced in the Wall Street Journal, Standard Oil merged with British Petroleum. This actually represents Standard Oil’s buyout of British Petroleum, the name of the newly merged company being BP-America. The Wall Street Journal did not see fit to mention worries about the world-wide predatory marketing practices of a deceptively titled Standard Oil regime.
During the last 13 years, BP-America has merged with, or controls, all of the old Standard Oil “mini-companies” which existed before the original breakup by the U.S. government in 1911. The new Standard Oil regime is now known as BP-AMOCO, and few people in the world realize what has happened. It’s now possible to understand why British Prime Minister Blair has become the spokesman for the new wars against terrorism (actually the war for Caspian Sea and Iraq oil).