The "Seven Sisters" and the Oil of the Middle East

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New World Notes News
Vol. 6, No. 21 -- May 26, 2013

This week in New World Notes, radio programs #273-274, May 28 & June 4, 2013

The "Seven Sisters"
and the Oil of the Middle East
(in 2 parts)

In brief

The "Seven Sisters" was Big Oil. It was the cartel of huge private oil corporations that ended up owning almost all the oil in the Middle East. They stole and kept this treasure by hook and by crook, in violation of many laws, with help from corrupt monarchs abroad and muscle from the U.S. government, armed forces, and CIA.

We adapt to radio a new video documentary. Part 1 takes us from the founding of the cartel in 1928 (by Standard Oil, Shell, and BP) to the creation of OPEC in 1960.

Of note in Part 1: The story of how BP came to own all of the oil in Iran--and how, in 1953, Iran's parliament tried to regain control of the country's oil--and how the United States government responded by overthrowing Iran's democratic government and installing the Shah as dictator of Iran. (We then gave Iran's oil to US-based oil companies, not back to BP.)

Part 2 takes us from the creation of OPEC in 1960 to the fate of Iraq today (its oil weath again taken away from the Iraqi people and again handed over to the big oil companies). Includes the Suez crisis, OPEC price hikes, Iraq's nationalizing of its oil in 1972 (succeeding where Iran in 1953 had failed), the Iranian revolution, and Gulf Wars I and II.

Introduction by K.D.

Man of the Year: The last prime minister of democratic Iran, Mohammad Mossadeq (January 1952). In 1953, the Iranian parliament nationalized the country's oil, threatening BP's profits.  The United States overthrew Iran's government, installed the Shah as dictator, and handed Iran's oil back to the big Western oil companies. 

Notes, credits, & links

New World Notes is produced under the auspices (Latin for "aegis") of WWUH-FM, a community service of that beacon of light in darkest Connecticut, the University of Hartford.

You can listen to any installment of New World Notes online or else download it (as an mp3 audio file) for later listening. The show is archived at both radio4all.net and (from #90 onwards) The Internet Archive. Either link should get you a reverse-chrono listing of available installments. Or browse the show's Web site: Each installment has a page, and each page has links to the recorded audio. See the gray sidebar on the right ("CONTENTS [Links]") for a table of contents.

Series overview: Political and social commentary in a variety of genres. Exploring the gap between what we want ... and what they're trying to make us settle for.

Coming soon (Tuesday air debut date shown)

• June 4 -- The Seven Sisters ..., Part 2

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