History of OPEC

The Crude Nature of OPEC
A Story of Fiefdoms and Warlords

8/13/2006

Islamic Crude 1960-1969: As the decade opens, OPEC (the Organization of Petroleum Exporting Countries) is formed at the behest of the Islamic warlords ruling Saudi Arabia, Kuwait, Iran, and Iraq. They cajoled Venezuela to join them in their plan to control world oil markets. They are joined by Qatar's despot emir in 1961. Libya's warlord, Qadhafi came aboard in 1962 as does Islamic Indonesia. And 1967 finds a newly formed conglomerate of emirs from the United Arab Emirates joining the crude party.

Islamic Crude 1970: OPEC, led by Saudi Arabia, Kuwait, Iran, and Iraq, began to assert its power by modestly raising tax rates and posted prices for crude. Uncontested, the practice escalated. In May, the pipeline from Saudi Arabia to the Mediterranean was sabotaged by Islamic terrorists in Syria, creating an artificial shortage of crude and with it an increase in prices. That awakened the families who owned OPEC to the monopolistic strategy of artificial shortages they would deploy in coming years. In October, Qadhafi of Libya, the primary supporter of state-sponsored terrorism, substantially increased his tax on oil exports. In December, OPEC decided to increase prices. And collectively, the founders of OPEC elected to make the Palestinian cause the beneficiary of their new-found fortune. Here is the result.

Islamic Crude 1971: OPEC began the nationalization process of crude. Simultaneously they began raising prices upwards from a base of 2.25 a barrel. (The extraction cost of crude in Saudi Arabia was approximately 25 cents per barrel.) Nationalization, however, was a misnomer. The oil facilities were actually seized by the warlords themselves, and thus the fields and extraction equipment became their personal, not national, property. And therein lies the problem for Muslims and non-Muslims alike.

In early February, OPEC mandated a total embargo against any company or nation that rejected its proposed tax rate hike. In mid February, the Tehran-Iran agreement was signed by Saudi Arabia, Iraq, Kuwait, and Libya imposing a universal, immediate, and mandatory 55% increase in crude oil export taxes - the benefit going directly to the ruling families. In late February Algeria's warlord emir seized control, or more correctly stole, 51 percent of the French oil facilities in his fiefdom.

In April of 1971, Qadhafi of Libya concluded gun-point negotiations with British and American oil companies in Tripoli, demanding personal control of Anglo-American assets. The success of his "negotiations" inspired the warlords in control of Saudi Arabia, Algeria, Iraq, Iran, and Kuwait to follow his example. Time Magazine called it the most important negotiation in modern history. The imposed price of crude jumped from $2.55 to $3.45/barrel in addition to the tax increase.

In August, Nixon imposed price controls. And that means that he was either ignorant of the cause of the problem or supportive of its goals. Knowing Henry Kissinger, I'm confident it was the latter. The rise of politicized fascist/socialist Islam and the devaluing of the dollar with regard to the world's primary currency, crude, was an essential element in the scheme of the NWO types at the CFR. The value of the U.S. dollar dropped, as was predicted, and so OPEC negotiated another price increase to offset the devaluation in September. In response, Nixon attacked the snake's tail again, imposing Phase II price controls. Then to cap off the black year, Libya nationalized the entire British Petroleum concession.

Because America did nothing to confront the formation of the cartel, stop its confiscation of American assets, or thwart its clearly hostile and harmful monopolistic behavior, Islam received the funds it required to suppress its people and manufacture the terrorists who are killing us today.

Islamic Crude 1972: In Islamic fashion, negotiations for transfer of ownership of western assets to the dictators of the OPEC countries continued. This too was done at gunpoint. It wasn't a negotiation; it was more akin to a kidnapping.

And as predicted, and probably planned, the value of the dollar fell another 8%, prompting another round of price increases in January. In March OPEC threatened "appropriate sanctions" against companies that "failed to comply with any action taken by a Member Country in accordance with OPEC decisions."

In June, Iraq nationalized concessions owned by British Petroleum, Royal Dutch-Shell, French Petroleum Company, Mobil and Standard Oil of New Jersey (now Exxon). The concessions were valued at over one billion dollars.

Later in June, in a show of support for Iraq, OPEC moved to prevent companies whose interests were nationalized in Iraq from increasing production elsewhere. Then in October OPEC approved a plan providing for 25 percent government (thus Islamic warlord) ownership of all Western oil interests operating within Kuwait, Qatar, Abu Dhabi (now part of the UAE) and Saudi Arabia beginning January 1, 1973. They also initiated a plan to increase prices another 51%.

The oil weapon was now in the hands of the Islamic terrorists. It would soon be armed 

Islamic Crude 1973: Early in the year, the Shah of Iran announced the cancellation of the 1954 operating agreement between Anglo-American oil companies and Iran. In that agreement, Iran had sold its rights to all oil extracted from the country for a large upfront sum. Within a month, Iraq and the oil companies reach an agreement on compensation for nationalization that essentially gave the companies exclusive rights to all crude extracted. It would be the only such agreement. However, since the Shah didn't steal the facilities and fields from the Infidels in true Islamic fashion, it would lead directly to the Iranian Islamic Revolution. And that in turn would lead to the development of nuclear weapons, which in time, would be deployed in America's largest cities.

In June, OPEC raised posted prices by 12%. Ten days later, Libya seized Bunker Hunt's oil facilities. Then Nigeria's Marxist Muslims demanded ownership of the Shell-BP concession. Kuwait rejected a gradual price increase plan and insisted on an immediate 60% hike. So in response, Nixon's Cost of Living Council imposed price ceilings on crude. The "Cost of Living" would soon become a haunting term in the context of OPEC, Islam, and terror.

In September, 1973, the Islamic revolutionary in Libya nationalized 51 percent of nine other companies' concessions, including: Esso, Mobil, Shell, Texaco, SoCal, and ARCO. It was then that an OPEC conference demanded the withdrawal of Jews from "occupied Arab/Muslim lands."

In October, the day after the Arab-Israeli War began, Iraq nationalized Exxon and Mobil. Then Iran, Iraq, Abu Dhabi, Kuwait, Saudi Arabia and Qatar unilaterally raised the posted price of crude by 17 percent from $3.12 to $3.65 per barrel. To enforce their mandate the monopoly also announced production cuts.

It was then that the OPECers, the Islamic warlords of Saudi Arabia, Kuwait, Iran, Iraq, and Libya, conceived and perpetrated the oil embargo against the United Sates. These Islamic dictators called crude "a weapon of war to be used in support of Islam."  The OPEC mandate cut all exports, and established a total embargo against "unfriendly states." Saudi Arabia, Libya, Kuwait, Iraq, and other Islamic fiefdoms publicly proclaim that the United States was the enemy - the unfriendly state.

After strangling the United States, the monopolistic cartel immediately attempted to raise prices to other purchasers from $3.75 to $10.00/barrel. The Saudis, however, were the first to flinch. Evidently favoring greed to jihad, they released crude at somewhat inflated prices (just over $5.00/barrel) once it was clear that Muslims were not going to destroy Israel militarily. Such behavior led directly to the assassination of the Saud king.

Nixon, lost as ever, imposed Phase III price controls on his way out of power rather than deal with what was the most clear and present danger ever positioned against the freedom and prosperity of America. Ford and Carter were no better. OPEC had stolen American assets, formed a hostile monopoly, and now it had declared war against the United States. All the U.S. did was grumble. According to Carter, the solution was to wear a sweater.

In November, the OPECers announced another 25% cut in production so as to increase prices. Further cuts were threatened. Islamic oil ministers called for an Arab summit which adopted open and secret resolutions on the use of the oil weapon against non-Islamic nations. Then in December, the Islamic members of OPEC announced an increase in the price of crude from $5.12 to $11.65 per barrel. They would use this money to fund the manufacture of Islamic terrorists the world over.

Islamic Crude 1974: The Islamic oil embargo, where oil had been used as a weapon of war by Muslims against the United States, ended with prices soaring to $14.00/barrel. It represented an increase of 600% in four years. The selling price now exceeded the extraction cost by 50 times. During this period, the Saudis are particularly aggressive in increasing tax rates and royalties.

In January, Kuwait announced a 60 percent "government participation in," actually emir confiscation of, the BP-Gulf concession. The Islamic emir of Qatar followed his example on February 20.

Henry Kissinger (a good NWO Communist) unveiled the Nixon Administration's seven-point "Project Independence" (or more correctly, Project Dependence) plan to make the U.S. energy independent. At the same time, Libya nationalized the three U.S. oil companies that had not agreed to 51 percent confiscation the previous year.

In March, the heads of state of Algeria, Egypt, Syria, and Saudi Arabia discussed their oil strategy in view of the failure of Islam to obliterate Israel. You will find the result of their oil strategy in red.

In June, the Sauds of Saudi Arabia announced that they would increase their control over Aramco to 60%. The emirs over Abu Dhabi and Kuwait followed their example a few months later. All three posted increases in crude retroactive to January 1^st.

The IMF (International Monetary Fund - one of the primary weapons of the NWO and CFR) established their own "oil facility," a special fund for loans to nations whose balance of payments had been severely affected by high oil prices. The CFR (Council on Foreign Relations) is the vanguard of the NWO (New World Order - a Socialist/Fascist global government scheme designed to empower and enrich its leaders by way of implementing a feudal master/slave state.). As such, the transfer of wealth to feudal/fascist/socialistic dictatorial states from those which were prosperous and free, lay at the heart of their mission. This was facilitated by OPEC draining the West of capital by raising prices.

In September, OPEC instructed its Secretary General to "carry out a study of supply and demand in relation to possible production controls." As a result, a month later the Sauds raised their tax rate to 85 percent and their royalty rate to 20 percent on crude.

Islamic Crude 1975: January opens with Business Week magazine destroying America's lone hope of survival by publishing an article saying that Kissinger had hinted at military action against oil countries in case of actual strangulation. With the only viable response to the Islamic warlords' warlike monopoly on crude revealed in advance of action, the military option was rendered moot.

In June, the World Bank (an allied CFR/NWO entity) established its "Third Window," a fund to make loans to countries too rich to qualify for soft no-interest loans, but too distressed to afford loans at the prevailing rates. This action required and received significant cooperation between oil-exporting (Islamic feudal states) and industrial nations (America, Europe, and Japan).

In September, OPEC announced a 15 percent increase in government, and therefore emir/shah/king per barrel revenues as of October 1. A month later, Venezuela and foreign oil companies agreed on nationalization.

In December, Kuwaiti emirs and Gulf and BP agreed to the confiscation of British and American assets by the feudal lords in exchange for exclusive rights to the crude. The same month, Iraq completed its nationalization by taking over the BP and Shell. The reason the Anglo-American oil companies agreed to trade their assets for exclusive rights is because it made them filthy rich. Their margins were now based upon higher monopolistic prices. And with rising prices, their own reserves became much more highly valued. They had made a deal with the devil which would fund a demonic alliance.

In response, President Ford signed the Energy Policy and Conservation Act, authorizing the establishment of the Strategic Petroleum Reserve and participation in the International Energy Program of oil price regulation. The US now had a band aid over a mortal wound. And at the same time, it was providing blood transfusions to its sworn enemy.

Islamic Crude 1976-7: OPEC's official price of Saudi Light was raised to $12.37 per barrel. Flush with cash, in April, Iraq helped fund the Lebanese Civil War by exporting crude through the trans-Lebanon pipeline.

Islamic Crude 1978: The Iranian Shah and the Saudi Arabian King blocked the efforts of OPEC price hawks to fix the price of oil in a currency more stable than the U.S. dollar. They believed that the world economy would crumble with more price increases and with the continued devaluation of the dollar. Besides, their holdings were now in dollars and further destroying the currency would be counter productive. Both dictators were accused by fundamentalist Muslim clerics of being U.S. agents. And because the clerics control the minds of Muslims, the world was about to unravel.

As a direct result of these Islamic clerical claims, and related rioting, the Shah put Iran under military rule. Muslim leader Noori was then arrested in a crackdown of Islamic opposition groups. This led to strikes by Muslims in Iran and to the departure of foreign technicians. Simultaneously, supportive Muslims in Iraq detonated a pipeline that diminished production 600,000 barrels per day. The coordinated and immediate drop in output precipitated widespread panic.

Islamic Crude 1979: The Muslim warlords behind OPEC decided upon a 14.5% price increase. But before the first phase was implemented, the Sauds announced a drastic cut in first-quarter production of 9.5 million barrels. Although actual cuts never reach announced levels, the price of Middle East crude rose 36% in January. By March, crude prices were at $14.56 per barrel.

In May, the U.S. Department of Energy (DOE) announced a $5.00 per barrel entitlement to importers of heating oil. Simultaneously, Saudi Arabia announced the Saud's intention to increase direct sales, thereby sell less through Aramco (Arab-American Company). Both announcements sent prices higher.

In June, OPEC announced another 15% price increase. It's hard to beat a good monopoly, especially when the assets are stolen and the thieves are dictatorial.

In November, in response to state sponsored imprisonment of U.S. Embassy personnel, Carter ordered the cessation of Iranian oil imports into the U.S. Iran responded by abrogating all contracts with U.S. companies. As a result, the Saud Islamic warlords raised the price of crude oil to $24 per barrel. The consequence of not responding to the use of oil as a weapon of war by the OPECers was now becoming clear.

Islamic Crude 1980: Dumber than the Black Stone which represents Allah, Carter and his Democratic cronies enacted the "Windfall Profits Tax" in March. They had no concept of LIFO accounting rules and thus didn't understand how their failed policies with regard to OPEC and their government's greed with regard to the IRS, had actually caused the problem. Rather than accept blame for allowing Islamic warlords to confiscate American assets and then form a cartel more lethal than any army, the high price of gas was blamed on business. While oil companies are willing accomplices in the scheme to transfer wealth from America to Islamic and Socialist nations, they aren't the reason gas prices are high. Politicians coddling Islam are.

In May, the Sauds helped the oil companies increase profits again by raising crude to $28.00 per barrel, retroactive to April 1^st. In the ten years since the oil facilities built and owned by Americans and Brits were stolen by the Islamic warlords, OPEC had raised prices over 1,000%. Due to the Islamic cartel, a commodity which cost less than 25 cents to extract from the fields in Arabia was now being exchanged for dollars at a margin that exceeded the cost by over 110 times. In this light, consider for a moment the ignorance of blaming the oil companies who earned an 8% profit margin for the high price of gas.

In December, as a result of Muslims destroying the former British and American oil extraction and transport facilities in Iran and Iraq, OPEC's pricing structure collapsed. The Saud warlords used this opportunity to raise prices to a staggering $32 per barrel. The Islamic emirs in Kuwait showed even less restraint and charged the companies from which they had stolen assets, $36/barrel.

Islamic Crude 1981: Plundering the world during this time of opportunity, the Sauds ignore their production ceilings and flood the market with crude in January. They transform black ooze into dollars at the intoxicating rate of $32 per barrel. The Saud family of Wahhabi warlords are now the world's wealthiest clan.

In October, OPEC helps enrich them further, deciding to impose a price increase to $38/barrel.

Islamic Crude 1982-3: At prices that exceed costs by 150 times, the Islamic fiefdoms become unrestrained in their gluttony and greed, nearly destroying OPEC. The recession they helped to impose on the West caused prices to fall to $29.00.

In March Syria closed the trans-Syrian pipeline to show support for Iran in their war with Iraq. That's interesting for several reasons. First, we are led to believe that Syria and Iraq shared a common bond, both being Sunni/Socialist Ba'ath party regimes and yet Syria is partnering with Iraq's enemy, the Shi'a fundamentalist Islamic state of Iran. (They did this because Syria, being an Islamic country was incapable of building a viable economy and thus was dependant upon the transfer of petro-dollars.) Second, this alliance would indicate that the George W. Bush administration's claim that Saddam transferred his weapons of mass destruction to Syria, is highly improbable. Third, it also suggests that the Biblical prophecies regarding the all Islamic Magog War against Israel are correct - that an Islamic Federation headquartered in Iran will move millions of troops through Iraq, Syria, and Lebanon into the north of Israel.

In March of 1982 the U.S. decided to boycott Libyan crude because the Muslim Marxist Qadhafi was "suspected" of state-sponsored terrorism.

Islamic Crude 1984-5: Reagan, following Carter's and Nixon's poor example, ruled out U.S. military intervention in May, 1984 to solve the OPEC catastrophe. He invaded Granada rather than Saudi Arabia.

In October of 1984 OPEC officially cut production but the impact was negated by cheating and price-disagreements among the warlords. Losing control over its founding members, two of which were in war with one another, production tumbled to a 20-year low in June of 1985. Had the U.S. been willing to act, the Islamic oil weapon could have been put out of business.

Benefiting from the Islamic confusion the British capitalized by selling ever increasing amounts of North Sea oil. This forced temporary OPEC price concessions in mid 1985.

Islamic Crude 1986: With OPEC having lost complete control over its eight Islamic clerics and warlords, a glut of oil results, triggering a price war in which crude fell by over 50% in 1986 to a low of $11.00 per barrel. Even with Iraq bombing Iran's largest Tehran refinery, Muslims continued to flood the market with crude.

Then in August, Hussein offered peace in an open letter to Iran. OPEC regathered its wayward warlords and reestablished production quotas that sent oil prices higher. Their accord in December prompted an immediate increase to $18/barrel.

Islamic Crude 1987-9: OPEC price accords deteriorated as warring warlords were increasingly unable to work together, especially as the Gulf War between OPECers Iran and Iraq escalated. Prices hovered between $15 and $18 per barrel. By year's end there was a major downward slide as internal bickering escalated. The cartel that was funding Islamic terrorism worldwide remained vulnerable.

By the end of 1988 crude prices were back down to just over $11.00 per barrel. Even OPEC meetings with non-OPEC nations couldn't halt the slide. It was only when Great Britain cut North Sea production in the Fulmar/Brent outages and environmentalists restricted Alaskan oil transport following the Exxon Valdez spill, that OPEC regained control and sharply increased prices in December '88 and January '89.

Islamic Crude 1990: With the Gulf War over between OPECers Iran and Iraq, Saddam Hussein, as warlords are wont to do, invaded Kuwait. Crude prices soared upward from less than $15 to over $30 per barrel as exchange markets reacted wildly to the Middle East news events. Jet fuel prices soon rose to record spreads over other crude products due to increase in U.S. Defense Department demand. In other words, America would soon be at war to rescue OPEC.

In late August, OPEC negotiators failed to revive floundering attempts to organize so much as a meeting to discuss the crisis or how production strategies might bring order to the market. Informal meetings held in Vienna in December resulted in record price falls as conflicting reports of promises to increase OPEC output to compensate for embargo of Iraq and Kuwait oil further compounded market uncertainties. This was further exacerbated because America seemed poised to rescue one OPEC warlord from another.

While no American president would so much as lift a finger to recapture oil assets stolen by the Muslim warlords from American shareholders throughout the 1970s, and then turned into an "oil weapon" later that decade, by year's end George Bush was scurrying to send American troops into Saudi Arabia - the nation who had been financing the murder of Americans for decades. If the president got his way, in the next year American blood and coin would be spilled to return the stolen Kuwaiti oil fields back to the Islamic emirs who confiscated them.

As the year came to a close, the rhetoric of America's NWO president made it obvious that he was eager to send American troops into the heart of the monster, not to slay the Muslim monster, or to keep the monster from continuing to murder Americans, but to make sure the monster's supply of money for crude continued unabated. It would assure that Islamic terrorism would continue unabated. 

The market prices of oil that had fallen earlier in the year following the end of hostilities between OPEC members Iran and Iraq, doubled suddenly, reaching eight year highs. As the Administration prepared for the invasion to liberate the Islamic and dictatorial Kuwait from what had just a few months ago been an American secular ally, Iraq, prices surged. This was offset to a large extent by offers of peace from Saddam Hussein at year's end.

Islamic Crude 1991: As the year began, President Bush directed a drawdown of Strategic Petroleum Reserve for the Department of Defense. It was done in anticipation of the eminent U.S. air attack against Iraq. After having increased in the first three weeks of the year on rumors of a U.S. invasion, oil prices fell on the news to remove 34 million barrels from the national emergency reserve. But it would be like a band aid on a mortal wound.

Also in January, in a marriage of military and industry, the U.S. D.O.D. selected 13 commercial firms to purchase 17.3 million barrels of oil from the U.S. Strategic Reserve at the temporarily reduced price.

It was quickly becoming obvious that Bush had decided on engaging in a war to protect Islamic interests. It was also clear that the Sauds had chosen to allow American infidels to die protecting them because being Muslims they knew they couldn't trust Osama's mujahideen - holy warriors. The nation which had stood by and had done nothing as its oil assets in the Muslim world were confiscated, and the nation that had stood by and done nothing as Islamic warlords formed a monopolistic cartel that used oil as a weapon against America in 1973 (proving that they were more hostile, destructive, and deadly than any foe), now was committed to waging war to protect the very doctrine and thugs who had perpetrated these crimes. It's hard to imagine a nation doing anything more counterproductive to its interests than Desert Storm. Desolate Tempest, meaning lifeless upheaval, would have been a more accurate title.

Winning the battle and losing the ultimate war, America declared victory a few days after entering Iraq and departed the land of Islam. So it was in March, in one of the more insulting gestures in recent history, OPECers thanked the U.S., Europe, and Japan for returning the property they themselves had stolen and had used maliciously against them as a weapon, by announcing production cuts to 22 million barrels a day - a move designed to further enrich the warlords at the expense of those who had rescued them. America had put OPECers back in control after they had blown themselves up by waging a second war with one another.

Islamic Crude 1992: In the first act of OPEC business of the year, the emirs (Islamic warlords) of Kuwait demand restoration of their pre-invasion share of OPEC revenue. In March, Russia's pro-OPEC CIS announced that their crude exports had dropped by 52%.

In May, the Saud warlords, the very family America had spilled blood and coin to rescue from an attack by fellow OPEC member Iraq, thanked the West for its ill-conceived generosity by officially supporting a crude oil price hike at the May OPEC meeting. Futures instantly shot up to over $22/barrel.

At the higher prices, in October, OPEC increased production, transferring an ever increasing percentage of the wealth created in the non-Islamic world to the nations of Islam. Focused on the wrong front, and completely hypocritical, two months later, the NAFTA free trade agreements were signed. Why would America encourage free trade with the NAFTA accords while having just obliterated free trade in the Gulf War by restoring the OPEC monopoly?

Islamic Crude 1993-4: Oil prices plunged in July on speculation that Iraq would accept U.N. missile test site inspections and thereby receive approval to resume oil exports. At year's end, OPEC overproduction and surging North Sea output, along with weak demand reduced crude prices to $15/barrel.

At this same time the forerunner of a U.N. scheme that would later be called "Oil For Food" in Iraq was beginning by way of bribe and overpayment to transfer billions of dollars into the pockets of the political and industrial leaders of the New World Order. 

Islamic Crude 1995: In January, Mexico pledged the profits, which were now engorged due to the OPEC cartel, of their state-owned Pemex Corporation ($7 billion in annual oil income) to the U.S. hoping for congressional approval of a $40 billion loan guarantee. Clinton approved a $20 billion aid package (read gift) for Mexico. Oil, politics, and international corporate agendas were now aligned against the American people and in favor of the NWO types. As evidence, the International Monetary Fund floated the loans, and thus collected the interest.

In February, the Pentagon announced that it monitored the Iranian installation of surface-to-air Hawk missiles in the Strait of Hormuz. Simultaneously, the Iranians seized control of Abu Musa and the Tunb Islands which were claimed by the United Arab Emirates. The OPECers were constantly at each other's throats. Had the U.S. tried, their cartel would have been an easy one to topple.

In June, the Saudi Oil Minister asked the Norwegians to restrain their oil production in hopes of increasing the price of crude. Later that month, Exxon signed a $15 billion deal to develop oil and gas fields near Russia's Sakhalin Island, containing 2.5 billion barrels of crude and 15 trillion cubic feet of natural gas. Exxon received a 30% share of Russian oil revenues. The higher OPEC drove prices, the more Exxon would profit from their $15 billion dollar foreign investment.

In July, Venezuela, the only non-Islamic OPEC member, but like them an avowed enemy of America and Israel, approved foreign investment in its Gulf of Mexico oil fields so long as the investors gave the government majority ownership and control.

Three weeks later, Saudi Aramco awarded the giant Shaybah oil field (located on the UAE boarder) development project to U.S.-based Parsons Corporation. The $2.5 billion project would develop the 7-billion barrel field. It would construct crude production facilities, gas-oil separation plants, and a 372 mile pipeline. It was designed to produce 500,000 barrels per day (an additional $13 billion annually into the Wahhabi warlords' pockets).

As these deals are signed, two things became obvious: Islam, like Communism, was inept, unable to build either the needed technology or a healthy economy. And U.S. corporate and political leaders were willing and eager to fulfill Karl Marx's prophecy: "Capitalists will sell the rope that is used to hang them."

In August, Saudi King Fahd issued a decree replacing all members of his Council of Ministers who did not have blood ties to his grandfather, the Wahhabi warlord Saud. From this day forward, all Saudi Arabian ministers and senior diplomats would be related, making them all Wahhabi warlords. The Arabian Peninsula was nothing more than a fiefdom. The dictatorial decree made the American sacrifice during Bush 1's Gulf War totally counter-productive. Ignorant and unaware of the fate that awaits the sleeping nation, Americans yawned at the news.

In mid August, Iran's official news agency reported that since the unilateral oil embargo was imposed by the U.S., Iran had successfully sold its crude to France, Spain, Italy, China, India, Pakistan, Germany, and Japan. The world was such a tolerant and friendly place.

In September, the Islamic members of OPEC were fighting again, this time with the emirs of Kuwait who were demanding a larger share of the profits. OPEC, once again, rolled over its current oil production quota of 25.4 million barrels per day - insuring the transfer of another $250 billion to the Islamic Jihad war chests.

In November, Clinton approved lifting a 22-year-old ban on exports of oil from the Alaskan North Slope. The ban was initiated when in 1973, the Islamic controlled OPEC used oil as a weapon against American. U.S. crude starts flowing to Japan as a result.

Islamic Crude 1996: In January, Iraq agreed to formalize the United Nations plan that would allow Iraq to sell a billion dollars of oil every 90 days for "humanitarian purposes." Much of the money was actually pocketed by U.N. officials, their relatives, and international leaders who would serve on oversight committees, assuring that no one would ever be prosecuted for this crime. The proceeds of the sale were of course, distributed under U.N. supervision.

In April Clinton approved the sale of $227 million of crude oil from the Strategic Petroleum Reserve. The President said that it would lower prices in the U.S., which were now at their highest levels in five years. It was like spitting into the wind and hoping to get clean.

In May, U.N. Resolution 986 - Iraqi Oil for Humanitarian Purposes - became the organization's means to enrich its leaders and their supporters. The U.N. told the world, by way of this example, how the U.N. would behave should they be trusted with global governance: pillage.

An unused Turkish pipeline was selected by the U.N. for this purpose because it was convenient for the U.N. to monitor. Immediately thereafter, the White House announced its decision to allow U.S. oil companies to purchase Iraqi oil.

In June, Amoco and BP signed deals with the Venezuelan government to develop offshore oil in the Gulf of Mexico. Several months later, ARCO signed a joint venture agreement with OPEC member Venezuela.

In July, the non-Islamic Gabon withdrew from OPEC. In August, Clinton signed a bill imposing sanctions on non-U.S. companies which invested over $40 million a year in the crude oil business in Iran and Libya. The E.U. stated its opposition and threatened retaliation.

In September, crude prices rose as U.S. cruise missiles struck facilities in southern Iraq following their invasion of a Kurdish safe haven in the north.

In October, Exxon confirmed agreement with warlord-owned Qatar General Petroleum to apply new technology to convert natural gas into petroleum products.

The year ended by the U.N. announcing that they had signed 21 contracts for the sale of Iraqi crude.

Islamic Crude 1997: I have decided to use 1997 as the poster child to portray how intertwined oil, politics, western industry, Islam, and America's dictatorial foes have become. You don't need to read all of this to appreciate what kind of mess we are in, how we got there, or why governments act counter to their citizen's interests. While I have already pruned this down substantially, I wanted to present a sufficient volume of evidence so that you could be assured that I wasn't plucking isolated incidents of bad news out of a sea of good. There was almost no good news to report and the bad news was overwhelming. Moreover, for those familiar with biblical prophecy, they will see in these announcements a confirmation of what God predicts lies in our immediate future.

In January: Islamic countries, Turkey and Iran, agreed to build a pipeline to carry Iranian oil from the Caspian Sea to Turkey's Mediterranean port of Ceyhan. The agreement also included a pipeline to carry natural gas from Turkmenistan through Iran to Turkey. This was the latest in a series of Turkish-Iranian initiatives (including a $20 billion natural gas deal and several trade agreements) which have been criticized by the United States due to Iran's links to terrorism. The deal was one of many moves toward the fulfillment of prophecy because Gog, the leader of the Islamic Magog Federation against Israel, will be a Turk and his federation will be headquartered in a unified Iran/Iraq.

Saudi Arabia reported the discovery of new reserves of super light crude oil in the central region, near Riyadh. According to Oil Minister and Saud prince, Ali Naimi, this was the seventeenth such discovery in the area.

Iraq informed its customers that it would reduce its contractual crude oil sales in order to stay within the $1 billion limit set for the first 90 days of the United Nations' "oil-for-food" agreement. Then, so as not to diminish their ill-gotten gain, the United Nations approved three more contracts for the sale of Iraqi oil, bringing to 24 the total number of contracts approved under the crude agreement.

Suggesting that crude oil was a renewable resource, Algeria's Prime Minister, Ahmed Ouyahya, claimed that his proven oil reserves had recovered to their 1971 level of 9.84 billion barrels, according to Organization of Petroleum Exporting Countries statistical sources.

In Qatar, the Exxon project was paying dividends. They begin exporting 2.0 million tons of liquefied natural gas.

Buying friends, Iraq exported 32 million barrels of crude to Jordan. The allegedly moderate Islamic nation remained totally dependant upon Iraqi oil which was sold at a substantially reduced price.

The U.S. government, more interested in revenues than oil independence, made a change to link the fee it charged for oil extracted from Federal lands to world market prices.

Also greedy, United Nations' Secretary General Kofi Annan stated he expected the six month test of the Iraqi oil exports under the oil-­for-­food deal to continue through the year. They report initial revenues of $343 million which quickly climbed to $850 million. However, a U.S. admiral headquartered in Bahrain reported that tankers were smuggling tens of thousands of tons of fuel oil out of Iraq in violation of United Nations' sanctions by reportedly skirting the shoals of Iran's coast, apparently with Iranian approval.

In February: Russia, who by 2002 will ally with Iran, Iraq, and North Korea against U.S. interests, celebrated a $5 billion joint venture project between Russia's largest oil company and American ARCO (Atlantic Richfield Company).

In the Islamic world, the International Energy Agency (IEA) predicted major increases in oil and natural gas production capacity in Algeria, Libya, and Egypt.

Russian oil giant AO Lukoil claimed to have the largest proven oil reserves of any company in the world: 10.8 billion barrels. The estimate included 7.9 billion barrels in Lukoil's main fields in Western Siberia and 2.9 billion barrels in European Russia. In years to come, the political spat between the Mafioso oligarch in charge of Lukoil and the KGB Communist Putin, would turn out poorly for free enterprise and for democracy.

The Islamic Azerbaijan ratified a $2 billion oil development project in the Caspian Sea. It was the country's fourth major oil exploration contract with foreign companies. The 25-year production ­sharing contract was principally with American firms Amoco and Unocal. This was also prophetic. Scripture tells us a great deal about the league of nations that form the Magog Federation. Ground zero is the area around the Caspian Sea, and thus includes nations like Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, Iran, Iraq, Turkey, Pakistan, and the southern, mostly Islamic, states in the Russian Federation. We will be hearing a great deal more about the crude ties that are binding them together.

In March: The most fundamentally Islamic and genocidal regime in the world, the nation where Muslims have murdered 2.7 million Africans since 1980, the land that gave rise to al-Qaeda, the Sudan, signed contracts with national oil companies from China and Malaysia as well as a private Canadian company (Arakis) to develop its oil reserves. Men from these nations were now funding the worst holocaust since Nazi Germany.

The United Nations, in its lust for money, approved the continuance of sanctions on Iraq while simultaneously granting the 36^th contract for the sale of Iraqi oil through them, announcing that the $1.07 billion limit for the first 90-day period had been "more or less" met. The $1.07 billion included $70 million in pipeline fees to Turkey. At the same time, Turkey's Minister of Energy reported that Turkey would go ahead with its plans to import Iranian natural gas, despite objections from the United States. This too had prophetic implications. Scripture tells us that the leaders of a group of united nations would grow filthy rich as the people suffered, and that the source of their wealth would be oil, cargo borne on ships. It also tells us that Gog, the leader of the Magog federation will be a Turk while the Federation will be headquartered in a unified Iran Iraq. We see the seeds of all of that in these words.

Later in March, establishing a relationship that would lead to the deaths of many Americans, Iraq granted Russia most favored nation status so that it could receive Iraqi oil exports in exchange for "humanitarian goods." Of the first 37 contracts approved by the United Nations in the oil-for-food sale, 7 went to Russian companies where bribe and skimming are commonplace - but free and open disclosure is not. Simultaneously, Iraqi Oil Minister Amer Rashid announced the establishment of a new Iraq/Russian oil company which would work independently of Iraq's national oil agreements with France and China. As a result, Russia and France pledged to remain Iraq's main arms suppliers. Iraq would report that they expected to earn more than $80 billion from the Russian development contract.

This same month, a senior Iranian oil industry official reported that Iran and Russia had signed three agreements on oil and gas exploration, extraction, processing, and transportation. Next, Russia signed a $12 billion agreement to export natural gas to Turkey. The U.S. said that the Caspian Sea basin between Iran and Russia contained proven reserves of 163 billion barrels, worth over $10 trillion. The beneficiaries read like a roll call of the Magog Federation: Kazakhstan, Turkmenistan, Uzbekistan, Azerbaijan, Turkey, and Iran. World war is expensive.

Continuing to fuel the Islamic war machine, Yemen's Oil Minister, Mohammad Said al­-Attar, reported that he expected Yemen's 1998 oil output to rise to 420,000 barrels per day. He would soon raise this expectation to 550,000 a day, or $10 billion annually.

In April: Working against non-Islamic nations, U.S. Secretary of State Madeline Albright announced sanctions to bar new U.S. investment in Burma's oil industry because of the continued hostilities toward Islamic activists by the country's military rulers. The 20 U.S. companies who had direct investments in Burma's petrochemical industry were forced to sell or abandon their interests. During this time, fighting inspired by Muslim militants diminished the flow of oil from Nigeria to a trickle.

The American Gas Association estimated that 1996 U.S. natural gas reserves had risen 6 percent from 1994 to 1,039 trillion cubic feet (representing about 55 times the current yearly U.S. production levels).

American Esso announced their joint venture with Islamic Malaysia to produce crude from a field 150 miles offshore.

Willing to extract oil from its North Slope, Canada announced plans to build a natural gas pipeline from northern Alberta to the U.S. At the same time a new crude pipeline started supplying their oil-thirsty southern neighbor with hugely increased supplies of oil extracted from strip mining in sand oil fields.

In May: The leaders of Iran, Turkey, and Turkmenistan signed an agreement under which 1.1 trillion cubic feet per year of Turkmen natural gas would be exported to Turkey, via Iran, for shipment to European markets.

The Canadian Gas Potential Committee estimated that Canada had 570 trillion cubic feet of natural gas. The reserves represent 100 years of supply. Most of the natural gas is located in the Western Canada Sedimentary Basin.

The final agreement creating the Caspian Pipeline Consortium (CPC) was signed by project participants: Russia (24 percent), Kazakhstan (19 percent), American Chevron (15 percent), the Russian/American Lukoil/ARCO (13 percent), American Mobil (8 percent), the European Rosneft/Shell (7 percent), the Islamic Oman (7 percent), others, including, Kazakstan Pipeline Ventures, a joint venture of Kazakstan's state oil company and American Amoco (7 percent). When it comes to God's interests, America is on the wrong side, once again. Americans love an underdog and they certainly found one in Satan.

The Russian government announced plans to transfer its stake in the CPC to two Russian oil companies, AO Lukoil and AO Rosneft. Years later, by imprisoning the primary shareholders of these firms, Putin was able eliminate political rivals and confiscate their assets. So much for Russia's experiment with free enterprise, a free press, and democracy.

The Caspian Pipeline Consortium announced plans to begin building a 932-mile pipeline to transport crude oil from the Caspian region to Russia's Black Sea coast starting in 1998. Initial estimates are 558,000 barrels per day of oil by 1999 with planned peak capacity of 1.4 million barrels per day - $36 billion annually at today's prices.

In its regular 60-day review, the United Nations Security Council voted to maintain sanctions on Iraq. This was the 37^th review since sanctions were imposed in 1990. This vote, however, did not affect the "humanitarian" oil sales. The U.N., like OPEC, only wanted to restrict competition.

Chinese Vice Premier for trade, Li Lanqing, and Iranian Vice President, Muhammad Hashemi, signed a new trade protocol under which exports of Iranian crude oil to China would be increased from the current level of 70,000 barrels per day to 100,000 barrels per day, and then increasing to 200,000 barrels per day by 1999. China also accepted an offer from Iran to equip a Chinese oil refinery to handle high-sulfur Iranian crude oil.

In June: China signed separate agreements with Kazakhstan and Iraq to secure oil supplies into the next century. The agreements included a $4.3 billion investment in Kazakhstan's Aktyubinsk oil enterprise over the next 20 years, a planned oil pipeline from Kazakhstan to China, and the development of the Ahdab oil field in southern Iraq (1 billion barrels at a cost of $1.2 billion). This too was prophetic. Scripture says that the Magog Islamic Federation will be annihilated just prior to the midpoint of the Tribulation (November 2026-October 2033). At this time (around Friday, April 13^th, 2029), world economic markets will crash suddenly, Middle Eastern oilfields will be set ablaze, and cargo ships will be sunk, prompting China to move its troops south and west in search of energy, food, and plunder. Two hundred million Chinese will ultimately cross the Euphrates River and rendezvous with God in the valley of Megiddo in Israel on Monday, October 3rd, 2033, but the meeting will not go well.

Venezuela completed an auction of 20 marginal oil fields in its third round of sales to foreign investors, earning about $2 billion (twice as much as expected). Successful bidders received a 20-year production contract with certain minimum investment levels. Each must pay set royalties and fees for each barrel of oil produced. Although Venezuela is an OPEC member and an avowed enemy of the United States and Israel, the investors included U.S. companies Atlantic Richfield (ARCO), Chevron, Pennzoil, and Phillips Petroleum. The British company, Lasmo, also invested as did China National Petroleum.

Chevron Corporation signed a production-sharing agreement to perform seismic tests and drill wells deep beneath China's second largest oil field (Shengli). This was the first onshore exploration pact in China for Chevron, which already had offshore leases in China's Bohai Gulf and the South China Sea. The U.S. was on the wrong side again, that is if you trust Yahweh's word, because the 200 million Chinese troops assembled in Israel at the battle of Armageddon aren't there to give Jews a helping hand.

The National Iranian Oil Company agreed to spend $250 million to upgrade a large refinery in southern China to increase its capacity for processing Iranian crude oil. Scripture says that as the Islamic Magog War ends with the destruction of the Muslim nations and Arab oil fields, the first phase of the Chinese Armageddon War will begin. Now we know one of the reasons why.

The U.S. Supreme Court ruled in favor of the Federal Government, and therefore against the security of the American people and state's rights, in an 18-year-old boundary dispute with Alaska over control of offshore areas along the Arctic coast. The decision effectively prevents development of the area's oil and natural gas reserves, as the Federal Government has said it would not permit drilling off the coast of wildlife refuges. It was America's last best hope. Now it is too late.

In a unanimous vote, the United Nations Security Council renewed for another 180-day period its "oil­-for­-food" initiative with Iraq. Under the resolution, Iraq could sell $2 billion worth of oil to buy food, medicine and other necessities to alleviate civilian suffering under the sanctions imposed when it invaded Kuwait in 1990. The vote was unanimous because the voters were the real beneficiaries. We know that food, medicine and other necessities never reached the suffering civilians.

In July: The Organization of Petroleum Exporting Countries (OPECers) extended their monopolistic output ceiling of 25 million barrels per day of crude oil through the end of 1997. That meant that non-Islamic nations would continue to transfer nearly $200 billion annually to the nine warlords ruling over the Islamic war machine. The official communiqué indicated that quota adherence would be closely monitored and announced that the next meeting would take place in November in Jakarta, Indonesia. OPEC Secretary General Rilwanu Lukman told a news conference after the meeting that OPEC's target price remained at $21.00 per barrel. Individual quotas were as follows (in millions of barrels per day): Saudi Arabia, 8.0; Iran, 3.6; Iraq, 1.2; Venezuela, 2.3; Nigeria, 1.9; Indonesia, 1.3; Kuwait, 2.0; Libya, 1.4; United Arab Emirates, 2.2; Algeria, 0.8; and little Qatar a measly, 0.4. Collectively the crude revenue represented 95% of the OPECers exports.

China 's Premier Li Peng and Russia's Prime Minister Viktor Chernomyrdin signed a series of agreements to boost trade and economic relations between their countries. Included was a planned $5 billion project involving the development of Russian natural gas reserves in the Irkutsk region of Western Siberia. The Russians agreed to supply up to 1 trillion cubic feet per year via pipeline to China's coast. Is it any wonder that China and Russia stand steadfastly unified against the United States?

Texaco, the government of Saudi Arabia, and the U.S. unit of Royal Dutch/Shell agreed to merge their U.S. East Coast and Gulf Coast refining and marketing businesses in a joint venture company pooling four refineries (with total capacity of 823,000 barrels per day) and 14,717 gasoline stations currently owned by Shell and Star Enterprise (a joint venture between Texaco and Saudi Aramco). Under the agreement, Shell would own 35 percent of the new company, and Texaco and Saudi Arabia (read the Saud family) would hold 32.5 percent each.

The U.S. State Department, an institution that is almost always wrong, ruled that Turkey's August 1996 agreement to purchase $23 billion worth of natural gas from Iran over a 20-year period did not violate the Iran and Libya Sanctions Act. The Department of State just wanted to keep up its perfect record of manufacturing America's next enemy. They had done it with Russia and China in WWII, and with al-Qaeda and Saddam Hussein in the War on Terrorism, so they didn't want to miss out on aiding the Magog Federation and Alliance, of which Turkey, Iran, and Libya belong.

Speaking of Gog and Magog, in a memorandum of understanding with Iran and Turkmenistan, Turkey modified the original arrangement so that the natural gas will be purchased from Turkmenistan rather than Iran. It was a way to get around U.S. anti-terrorism sanctions.

Officials from Turkmenistan, Pakistan, Unocal, and Delta (a Saudi oil company) signed an agreement to build a natural gas pipeline from Turkmenistan across Afghanistan to Pakistan (871 miles). Afghanistan and Pakistan are both members of the Magog Federation so it's nice to see them join the crude party.

In August: Azerbaijan, in the heartland of the Magog Federation, signed production-sharing contracts with American Chevron Corporation, American Exxon Corporation, American Mobil Corporation, and American Amoco Corporation. Officials from Azerbaijan valued the Caspian Sea projects at more than $10 billion. Mobil would develop the Oguz exploration area, Chevron the Zeynabdin Tagiyev area, Exxon the Nakhchivan area, and Amoco the Inam Prospect.

Mobil Corporation announced a favorable $78.3 million judgment in litigation with the federal government. The lawsuit involved Mobil's offshore North Carolina Federal Outer Continental Shelf oil and gas leases. The company said that the judgment recognized Mobil's right to terminate five Outer Continental Shelf leases, and recover the purchase price. Mobil sued the federal government in 1992 for the government's failure to allow development oil and gas leases offshore Alaska, Florida, and North Carolina. The Alaska and Florida parts of the litigation were settled in 1995. In other words, the U.S. government was opposed to allowing Americans to become oil independent, preferring instead their dependency on the Islamic warlords. For better part of 100 years America's primary enemy has been the U.S. government.

United Nations Secretary-General (Chief Thief) Kofi Annan approved a revised Iraqi aid distribution plan under the U.N. oil-for-food program. It allowed Iraq to sell $2 billion of crude oil every six months. The proceeds from the oil sales were paid into a U.N.-run escrow account from which humanitarian supplies were allegedly purchased for the Iraqi people. Billions, however, went instead to the "humanitarians."

Exxon Corporation confirmed that it had been chosen as sole foreign partner in a proposed multi-billion-dollar project to expand oil refining and build a major petrochemical plant in the Fujian province of China. After all, China's anti-American military dictatorship needed to be fueled.

Stefan Balabanoff, acting head of economics and finance in the OPEC research division, predicted that OPEC's share of the world oil market would rise from a current level of about 40 percent to 52 percent by 2020. Balabanoff estimated that OPEC's production capacity would rise to 50 million barrels per day to meet the increased demand. (50,000,000 x 70 x 365 = $1,277,500,000,000 split annually among one Communist and 9 Islamic warlords. They will be able to buy a lot of terrorism for a trillion, two.)

Acting like Muslims, Russian officials annulled a high-profile deal with Exxon Corporation to develop huge oil deposits in Russia's far north. The previous year Exxon's affiliate, Exxon Arkhangelsk, beat out several international consortia for a 50 percent stake in oil fields in the Timan-Pechora province. Russian officials cited five undisclosed violations committed by Exxon during the tender process as the reason for scrapping the agreement. Some analysts suggested that the cancellation of this $1.5 billion investment project could shake investor confidence in Russia's energy sector and might deter future private investment in Russia. Ya think?

Russia is currently a mix between a Social Democracy, a fancy title for Socialistic, and a Fascist state. Their current status, nomenclature aside, is quite similar to the Muslim Marxist regimes throughout the Middle East and Africa. Just because President Bush recently said that he had "looked into Putin's soul and saw that it was good," doesn't mean that you can trust the anti-democracy and anti-free press Communist KGB agent who is rapidly developing a dictatorial state in Russia.

In September: After months of negotiations, the Islamic Chechens and post Soviet Russians reached a compromise on transporting Caspian Sea oil across Chechnya. The last issue holding up the agreement was disagreement over tariff rates for the use of the existing Chechen pipeline. This is important because some years later, after a wave of Chechen/Islamic violence including the Moscow theater and Beslan school massacres, Russia and Iran would agree to trade the cessation of Iranian inspired Islamic terrorism in Russia for a Russian agreement to supply Iran with nuclear technology, allowing the Iranians to finish their atomic bomb project while the Russians stalled international sanctions. 

The day after sending money to Chechnya for repairs to an oft terrorized pipeline, a Russian commission announced a decision to construct a new pipeline that would bypass Chechnya. (That is to say that the Russian-Iranian "no terror for nukes" agreement was still seven years distant.) The new 176-mile pipeline would run along the Chechen border in the Dagestan republic to the Stavropol region, and then on to Russia's oil terminal at the Black Sea port of Novorossiysk.

Mobil Oil Canada and Chevron Canada entered a strategic alliance for exploration and development of 29 million acres in the Grand Banks area, offshore Newfoundland. The companies indicated the alliance enabled them to move more quickly on proposed exploration and development plans. Canada was doing what America would not do: extract oil from the Artic.

Kazakhstan and China signed a $4.3 billion deal to explore the Aktyubinsk oil fields in western Kazakhstan. The deal came two days after the China National Petroleum and the Kazak Ministry of Energy signed a contract for joint exploration of the Uzen oil field, which includes the construction of a $3.5 billion, 1,863-mile pipeline from western Kazakstan to China. Work on the pipeline was expected to begin in 1998 and to be completed by 2005.

France 's Total SA confirmed that it reached a $2 billion agreement with the National Iranian Oil Company to develop part of the South Pars natural gas field. Other companies that were part of this arrangement included Russia's Gazprom and Muslim Malaysia's Petronas. The South Pars gas field has estimated reserves of 300 trillion cubic feet and is located in the Persian Gulf adjacent to Qatar's North Dome natural gas field. Under the terms of the agreement, the partners will be responsible for the initial development and production of the field until 2002. At the completion of this work, NIOC will take over as production operator. In a related story, the French government warned the United States not to apply the D'Amato law to the agreement. The law allows the President of the United States to impose sanctions on foreign companies investing more than $40 million per year in Libya or Iran.

Israel 's Prime Minister Benjamin Netanyahu ordered a freeze on a major natural gas deal with Russia, which included the construction of an underwater pipeline to transport the gas from Turkey across the Mediterranean to the Israeli coast. Prime Minister Netanyahu cited suspicions that Russia was helping Iran develop ballistic missiles as the reason for the freeze. He was right.

In October: Nine days after signing a $2 billion contract with the National Iranian Oil Company, France's Total SA began Phases Two and Three of the development plan for Iran's South Pars natural gas field. The field contains an estimated 280 trillion cubic feet of natural gas and 7.5 billion barrels of natural gas liquids. Phases Two and Three were designed to produce two billion cubic feet of natural gas per day over 30 years. The deal received the support of the European Union, but drew harsh criticism from the Unites States

The Venezuelan Congress approved a proposed $2.5 billion joint venture with U.S.-based Mobil.

Turkey 's (thus Gog's) state-owned oil company, Turkiye Petrolleri AO (TPOA), signed a $750 million deal with Magog Federation member, Kazakhstan, to develop oil reserves in the northwestern Aktyubinsk region near the Caspian Sea. The contract is expected to last at least 29 years, and Kazakhstan could earn $1.8 billion in revenues. TPOA and American Amoco will set up a 50-50 joint venture to finance and implement the project.

Egypt and Libya, both Magog Alliance members, announced a $1 billion project that included the construction of a 386-mile oil pipeline between the two countries. The line will transport up to 150,000 barrels of oil per day, carrying Libyan crude oil from the border town of Tobruk to Egyptian refineries.

The Gulf Cooperation Council (GCC), whose membership includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates, held a conference with the European Union in Manama, Bahrain, focusing on advanced oil and gas technologies. Fayez al-Sadah, general manager of Bahrain National Oil Company, opened the conference by stating that world crude oil demand was expected to rise from the current level of 72 million barrels per day to 96 million barrels per day by 2010. He said the GCC states were ready to meet any increases in world oil demand (so long as the price was right).

Kazakhstan 's Ambassador to Rome, Olxas Suleimenov, announced that Italy's Ente Nazionale Idrocarburi (ENI), American Texaco, British BG PLC, and Kazak Gas would invest $9 billion over 40 years to develop Kazakhstan's giant Karachaganak oil and gas field. ENI and BG will each hold a 32 percent stake in the field, Texaco 20 percent and Kazak Gas 16 percent. The Karachaganak field contains reserves of 18 trillion cubic feet of gas and 2.2 billion barrels of crude oil. While the Antichrist was probably born in Macedonia twenty years ago around 1986), Rome, Italy will serve as his initial powerbase and will be included in his ten nation confederacy. (Just speculating here, but my guess is that his father will be a Muslim and his mother will be Catholic. I would expect him to be currently attending one of the leading Socialist, Secular Humanist institutions of enlightments: Oxford, Cambridge, Harvard, or Yale. It's actually hard to resist seeing him as a member of the Illuminist Skull & Bones.)

Oilwatch Alaska, an oil industry watchdog group, called for an antitrust investigation of the companies that controlled the Trans-Alaska oil pipeline. The group charged that high shipping charges were strangling competition for development of the North Slope oil fields. Oilwatch also accused the companies of overcharging for oil shipments through the pipeline, which allegedly reduced stated profits, costing the state of Alaska billions of dollars in royalties and taxes. The 800-mile pipeline carries 20 percent of US domestic oil production. The companies that control the pipeline include: British Petroleum 50 percent, Arco 22 percent, Exxon 20 percent, and Mobil 3.2 percent. Amerada Hess, Philips Petroleum, and Unocal each own less than 2 percent.

Unocal Corporation organized a multinational consortium to build a natural gas pipeline from Turkmenistan to Pakistan, and possibly India, via Afghanistan. The CentGas pipeline is expected to cost about $2 billion and will transport a couple of billion cubic feet of gas per day 790 miles from the Turkmen border to Multan, Pakistan. The author of Crude Politics, and WND journalist, mounts considerable evidence that the America's invasion of Afghanistan was prompted in part by the rescue of this pipeline.

Under pressure from the U.S. Congress, the U.S. Export-Import Bank was expected to suspend $186 million in loan guarantees to 21 oil service companies that were expecting to sell oil drilling and measuring equipment to Russia's Gazprom over the next year. The U.S. Congress called for the suspension of the loans because of Gazprom's ties to Iran. (The Russians were supplying Iran with intercontinental ballistic missiles capable of launching nuclear warheads into American cities.). Gazprom then signed onto a $2 billion contract to develop Iran's South Pars natural gas field, a deal that also violated the Iran and Libya Sanctions Act. The Export-Import Bank said, however, that it would not vote to resend the loan guarantees until the end of 1997.

The Islamic Magog Federation continued to take shape as the Afghanistan Taliban and Turkmenistan Muslims reached an agreement on setting up a tripartite commission to build a natural gas pipeline from Turkmenistan to Pakistan via Afghanistan. Officials from Turkmenistan and Pakistan signed the agreement to build the pipeline which would carry up to 706 billion cubic feet per year of Turkmen gas.

In November: Azerbaijan's parliament ratified an exploration agreement signed between Azerbaijan's state oil company and Mobil Corporation. The $2 billion deal called for the exploration of the Oguz oil field located about 50 miles southeast of the Apsheron Peninsula in the Caspian Sea. Each company held a 50 percent stake in the project. Reserves were estimated at 733 million barrels of oil - 50 billion dollars.

Russia's alcoholic President Boris Yeltsin and Communist Chinese President Jiang Zemin signed an agreement to build a $12 billion pipeline to carry natural gas from eastern Siberia to China and then on to Japan and South Korea. The pipeline is expected to bring 353 billion cubic feet of gas to China and make available an additional 353 billion cubic feet to Japan and South Korea over a 30-year period.

Russian gas company Gazprom postponed a bond offering to raise $3 billion for a natural gas exploration project in Iran. Gazprom cited uncertain market conditions as the reason for the delay. The lead underwriter for Gazprom was Goldman, Sachs, an American investment bank, which would have been in violation of the 1996 Iran-Libya Sanctions Act for its role in the bond offering.

Russian Gazprom and its partners, France's Total and Islam's Malaysian oil company Petronas, signed a $2 billion contract with Iran to begin exploration of Iran's South Pars gas field.

BG and its partners Royal Dutch/Shell and Edison International signed a natural gas sales agreement with Egyptian General Petroleum Company to supply gas from the Rosetta Concession, offshore Egypt's Nile Delta. Gas deliveries were predicted to begin in January 2000 and reach a maximum of 250 million cubic feet of gas per day. The agreement was designed to last for 20 years.

Royal Dutch/Shell announced that it would invest $1 billion in a joint venture with Russia's Gazprom to produce crude oil and natural gas in Russia and elsewhere. Shell and Gazprom share equal ownership in the partnership.

Mobil Oil Qatar, a unit of Mobil Corporation, signed a memorandum of understanding with state-owned (actually emir owned) Qatar General Petroleum to evaluate development of Qatar's North Field. The giant field contains estimated reserves of more than 380 trillion cubic feet of natural gas and is thought to be the world's largest. Mobil said the project would eventually deliver one billion cubic feet of natural gas per day and more than 45,000 barrels per day of propane and butane.

Kazakhstan signed an agreement with a consortium that includes US-based Texaco, British Gas, Italy's Agip, and Russia's Lukoil to develop the Karachaganak crude oil and natural gas field in northwestern Kazakhstan. The field's reserves are estimated at more than 2 billion barrels of crude oil and about 20 trillion cubic feet of natural gas. The consortium will develop the field for the next 40 years, with Agip and British Gas each holding a 32.5 percent interest in the field, Texaco 20 percent, and Lukoil 15 percent.

For the first time in four years, the Organization of Petroleum Exporting Countries (OPEC) agreed to an increase in its production ceiling. OPEC raised the ceiling to 27.5 million barrels per day for the first half of 1998. The new ceiling represents a 10 percent increase over the current monopolistic restraint. The new quotas were as follows: Saudi Arabia 8.8 million barrels per day (bbl/d), Iran 3.9 million bbl/d, Iraq 1.3 million bbl/d, Venezuela 2.5 million bbl/d, Nigeria 2.0 million bbl/d, Indonesia 1.4 million bbl/d, Kuwait 2.2 million bbl/d, Libya 1.5 million bbl/d, United Arab Emirates 2.4 million bbl/d, Algeria 0.9 million bbl/d, and Qatar 0.4 million bbl/d. In that Islam is the dominate religion in Nigeria (which is why it is being ravaged by terrorism and AIDS) and Indonesia (which is 90% Muslim), the share going to the Islamic war machine was now over $200 billion each year.

In December: Royal Dutch/Shell was offered the lead role in building a natural gas pipeline from Turkmenistan to Turkey. The 1,242-mile pipeline, running from Turkmenistan through Iran and into Turkey and European markets, will be designed to carry 1.0 trillion cubic feet of gas annually.

Iraq's United Nations Ambassador, Nizar Hamdoon, warned that Iraq would not allow oil to flow during a third six-month phase of the U.N.'s oil-for-food sale until the U.N. approved an aid distribution plan. Despite the warning, the U.N. Security Council approved a third six-month phase because the scheme was never about aid, only personal enrichment. Like the first two phases, the third allowed Iraq to sell up to $1.07 billion of oil in each of two 90-day periods - but only through the U.N.'s exclusive, thus monopolistic, cartel. According to the U.N.'s report, Iraqi sales levels may be increased by the Security Council based upon U.N. Secretary-General (Chief Thief) Kofi Annan's personal assessment of his, excuse me, I mean, Iraq's needs.

Delegates from 150 industrial nations attended a United Nations climate conference in Kyoto, Japan. They reached agreement on a protocol to control heat-trapping greenhouse gases. The protocol, if ratified, would commit nations to roll back emissions of six greenhouse gases (carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulphur hexafluoride) below 1990 levels. Under the protocol, the United States would be required to reduce its greenhouse gas emissions by 7 percent below 1990 levels, while Europe and Japan would make cuts of 8 percent and 9 percent, respectively. Developing countries, like China, were exempt from the emissions ceilings. There would be no offset in the accords for forests which counteract hydro carbon build ups. Nor was there any mention of the fact that natural causes, like volcanic eruptions, contribute vastly more hydro carbons into the atmosphere than do man's machines. These oversights occurred because the Kyoto accords were actually part of the NWO's scheme to transfer wealth from the nations that produce it to those who do not. Penalties were all monetary, and they were to be distributed to whatever organization, cause, or nation the leadership deemed fit.

Russia's giant gas company Gazprom canceled a $750 million loan deal with the U.S. Export-Import Bank. The loan, signed in 1994, guaranteed financing for purchases of equipment and services from American companies. (In other words, U.S. Congressmen and Senators thought that it would be a good idea for American taxpayers to pay for oil extraction equipment to be sent to Russia that would be used in Iran.) Gazprom reported that it decided to turn down the loan guarantees before they could be withdrawn. The U.S. government had been considering sanctions against Gazprom for its participation in a $2 billion project to develop Iran's South Pars gas field.

After changing one word (condemns to criticizes), the United Nations Security Council agreed to a statement criticizing, but not condemning, OPEC member Iraq for refusing to grant U.N. weapons inspectors full access to suspected weapons sites. Opposition from Russia and other council members prompted the wording change. The statement came after chief weapons inspector Richard Butler told the Security Council that Iraq would not allow access to all suspected weapons sites, including Iraqi President Saddam Hussein's palaces and homes. Come to find out, the Iraqi leader wasn't hiding anything. He just didn't like folks rummaging through his homes.

Islamic Crude 1998:

Iraq began exporting crude oil under the third phase of the United Nations sponsored oil-for-food program. First loadings filled the million barrel tanker White Sea for the French oil company Elf Aquitaine. Other nations expected to benefit from the U.N./Iraqi crude deal include Italy, Russia, and China.

Russia 's second and seventh largest oil concerns, AO Yukos and AO Sibneft, announced a merger to create a new company to be named AO Yuksi. Measured in the size of the reserves under their control, Yuksi surpassed Royal Dutch/Shell Group as the world's largest private oil company (about on par, however with private Saudi and Kuwaiti enterprises). They ranked third behind Shell and Exxon in terms of production, although most all of that was constructed by Western firms.

Luis Giusti, president of the state-owned Petroleos de Venezuela, claimed that Saudi Arabia had been producing 9 million barrels of crude oil per day and thus was exceeding its OPEC limits. This cheating had led to falling oil prices. Giusti then said that it takes one to know one; Venezuela had been producing 3.3 million barrels per day, which was also about 25 percent over its OPEC quota. Communists and Muslims share something in common: they can't be trusted.

Delegates from OPEC's Ministerial Monitoring Committee held an emergency meeting to discuss falling oil prices that had resulted from the cartel's cheating and uncontrollable greed. Having used the monopolistic cartel to raise prices more than 1,000%, the MMC delegates said that there is little else OPEC could do to hold the world hostage and lift oil prices further outside of recommending strict adherence to the now ignored production limits.

Daqing Petroleum Bureau stated that China's largest oil field, Daqing, would maintain annual crude production of around 100,000 barrels per day through 2010. Proven reserves in the field were said to be around 40 billion barrels - $2.8 trillion. It was enough to make the Communists wish they were Capitalists.

United Nations Thief, Kofi Annan, called for an increase in the amount of oil Iraq could sell under his U.N.-sponsored cartel. Annan recommended raising the sales limit from $2.14 billion every six months to $5.2 billion. If you want to know who is abusing you, follow the money.

Western partners in the Caspian Pipeline Consortium froze the funding of their $2 billion pipeline and pushed for a shake-up in the Consortium's Russian-led management. The 900-mile system was being designed to transport 1.4 million barrels of oil per day from Kazakhstan's Tengiz field through Russia to the Black Sea port of Novorossiysk. Oil shipments were scheduled to begin in late 1999, but would be delayed at least one year as a result of internal squabbling and jockeying for position.

Azerbaijan 's state oil company, Socar, and U.S.-based Conoco, announced an agreement to conduct a joint study of Azerbaijan's natural gas processing industries.

Russia 's RAO Gazprom sold its 10 percent stake in Centgas, a consortium set up to construct a $2 billion Turkmenistan-Afghanistan-Pakistan natural gas pipeline. U.S.-based Unocal Corporation acquired 7 percent of Gazprom's shares, bringing its total stake in pro-Islamic, Magog, Centgas to 54 percent. The remaining 3 percent went to Pakistan's Crescent Group. The 800-mile pipeline would extend from the Daulatabad gas field in southeastern Turkmenistan through Afghanistan to Pakistan.

Paving the way for the completion of the Pakistani nuclear bomb, a most expensive undertaking, the United Kingdom's Hardy Oil announced the discovery of a major new natural gas field in the South West Miano concession onshore Pakistan. Reserves were estimated at 1 trillion cubic feet. Initial production was to start by the end of 1999. Hardy and Pakistan Petroleum Limited each held a 30 percent interest in the concession.

Pakistan is important for two reasons. First, they were the first Islamic country to develop a nuclear bomb - something that would become a reality this year. And second, when the United States invaded Afghanistan, American troops pushed al-Qaeda and the Taliban into Pakistan where they maintain a 70% approval rating. Having already made 5 assassination attempts on General Musharaf, they will eventually kill him. And when these fundamentalist Muslims accomplish that goal, they will not only establish an Islamic thugocracy in Pakistan, they will control the nation's nuclear arsenal. They have already told the world where they intend to deploy it.

Iraq rejected key parts of United Nations Chief Thief Kofi Annan's proposal to increase the amount of oil Iraq was permitted to sell under the U.N.'s phony oil-for-food program to $5.2 billion. In a letter to Annan, Iraqi Foreign Minister Muhammad Saeed al-Sahhaf objected to the hike in the percentage paid directly to the U.N. for "monitoring (i.e., increased bribes and kickbacks)." The Iraqis also questioned the U.N.'s plans to target benefits to specific groups they alone judged worthy. Al-Sahhaf wrote that the Iraqi government should deliver the aid. In addition, al-Sahhaf said that a larger share of oil sales should go towards humanitarian aid, while the amounts directed at funding U.N. programs should be reduced.

Ignoring the voice of the nation the U.N. now controlled, the socialist secular humanists running the United Nations, voted unanimously to more than double the amount of oil Iraq could export under their monopoly. They were now in the oil business to the tune of $10.5 billion a year. Only one problem, Iraq maintained that it only had the capability of exporting $4 billion over a six-month period.

Russia 's RAO Gazprom and Italy's ENI SpA signed a preliminary agreement for joint exploration and exploitation of the Astrakhan region in Russia. The Astrakhan fields were estimated to contain one billion barrels of oil. The deal was worth $3 billion. It included Italy's ENI taking a yet-to-be-determined stake in Russian Gazprom. In addition, the two companies envision joint ventures in other regions of the world, including Europe, the Mediterranean, and China. For biblical prophecy to materialize as predicted, Italy has to become ever more entwined in world politics and crude.

The U.S. Justice Department intervened in four lawsuits against DuPont Company's Conoco Unit, Royal Dutch/Shell Group's Shell Oil Company, Burlington Resources, and Amoco Corporation. The companies were accused of violating the False Claims Act by knowingly underpaying royalties to the U.S. government and to native Indian tribes for oil extracted from public and Indian lands. No estimate of the value of the underpayments was released, but a Justice Department attorney said that, since 1988, the companies had undervalued hundreds of millions of barrels of oil taken from the Gulf of Mexico and western states. So who can you trust?

Amerada Hess Corporation of the U.S. signed two production-sharing contracts with Muslim Malaysia, marking Hess' entry into exploration activities in the Islamic nation. So we should not be surprised to see Islamic terrorism on the rise in this nation.

Turkmenistan agreed to provide Shell with the exclusive right to promote a project to transport Turkmen natural gas to Turkey. Shell would conduct a feasibility study on a proposed 1,200-mile gas pipeline connecting Turkmenistan and Turkey via Iranian territory. Magog was getting its required fuel.