OPEC organization
also: OPEC cartel
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Related entities (most co-mentioned)
Saudi Arabiacountry · 4Soviet Unioncountry · 3Abdulaziz bin Salmanperson · 2BCCIorganization · 1Irancountry · 1Venezuelacountry · 1Angolacountry · 1United Statescountry · 1Federal Reserveorganization · 1United Kingdomcountry · 1Libyacountry · 1Reza Pahlaviperson · 1Jimmy Carterperson · 1Idris of Libyaperson · 1Abscamevent · 1Anas Al-Hajjiperson · 1Rómulo Betancourtperson · 1Marcos Pérez Jiménezperson · 1Juan Pablo Pérez Alfonsoperson · 11948 Venezuelan coup d'étatevent · 1Dwight D. Eisenhowerperson · 1Saudisorganization · 1Lyndon B. Johnsonperson · 1Saddam Husseinperson · 1
Claims (5)
Juan Pablo Pérez Alfonso founded
OPEC documented
“After the 1948 military coup and, you know, Perez Jimenez is forcing him to stay out of the country. He's able to come back in 1958. And then by 1960, he's working with the Saudis and some of the other Arab countries. And in 62, of course, …”
▶ The Colonels Corner-Corporate Coup-Venezuela Part 2 @ 1:20:03
Idris of Libya member_of
OPEC host_asserted
“people in the international syndicate started basically dictating to the Libyan government and the king how things were going to go down. The king makes the decision in 1962 that he's going to join OPEC, and there becomes more and more cont…”
▶ Operation Gladio - Libya @ 17:54
Saudis founded
OPEC host_asserted
“It stymied the growth of pan-Arabism and enabled the Saudis to form OPEC against their own populations of the Arab Middle East. But also here in Indonesia, the same thing is happening in 1958 to 1963 because the Indonesian genocide was also…”
▶ The Colonel's Corner Safe for Democracy Part 14 (15) @ 1:02:59
CIA funded
OPEC host_asserted
“It stymied the growth of pan-Arabism and enabled the Saudis to form OPEC against their own populations of the Arab Middle East. But also here in Indonesia, the same thing is happening in 1958 to 1963 because the Indonesian genocide was also…”
▶ The Colonel's Corner Safe for Democracy Part 14 (15) @ 1:02:59
Federal Reserve laundered_money_for
OPEC speculative
“that the Fed has been involved with because of Saudi Arabia and OPEC. So what I've been told is that they've been skimming off the top for decades. So every barrel of oil, they get a certain percentage. And now that makes sense as far as mo…”
▶ Operation Gladio - Italy Part 4 @ 1:36:14
Mentions (23)
▶ 1:36:14
that the Fed has been involved with because of Saudi Arabia and OPEC. So what I've been told is that they've been skimming off the top for decades. So every barrel of oil, they get a certain percentage. And now that makes sense as far as mo…
▶ 17:54
people in the international syndicate started basically dictating to the Libyan government and the king how things were going to go down. The king makes the decision in 1962 that he's going to join OPEC, and there becomes more and more cont…
▶ 1:08:41
getting a bigger than bite-sized chunk of Europe's energy markets. And basically, Europe was also becoming energy independent in a way that it wasn't before in terms of its dependence on the OPEC cartel and the petrodollar. So I have a theo…
▶ 48:46
to think about the context of how all of these things unfold. So do we have any questions or comments? Deller, SR71, anything? What I find strange about this time period, Colonel, is when we're looking at this time period, I recall there we…
▶ 49:52
quote unquote, OPEC oil issues were all contrived. Now that I know that it was Jimmy Carter that tried to hold the CIA accountable, much like JFK did, and that it was Jimmy Carter that linked foreign aid to human rights and cut off the conf…
▶ 1:38:34
This Russian oil export pipeline called the Druzhba Pipeline, both the north, certainly the northern Druzhba Pipeline. And what happened right around at the same time was Russia had all this oil that was piling up that, you know, was still …
▶ 1:39:04
What then happened was you started seeing all these Bloomberg, I think Financial Times, Wall Street Journal, and maybe Reuters articles. I think Bloomberg was one of the news services involved that then started basically coming out and sayi…
▶ 1:39:33
You know, export obligations due to, you know, seaborne exports and like Vortexa, and they were selling Vortexa and Kepler and all these different, you know, neuroservices by focusing on the seaborne exports. Well, meanwhile, in Eurostat, i…
▶ 1:39:59
actually specifically cited a European intelligence analyst saying that Russia was cheating on its OPEC obligations. And then, of course, you've got the Wall Street Journal articles by this lady named Somerset. She always comes out and says…
▶ 1:40:23
And and, you know, I think one article was even like Abdulaziz bin Salman is on the phone, you know, screaming that they're going to have 40 or 50 dollar oil. Of course, what then happens is what happens a month or two later is Abdulaziz bi…
▶ 1:40:51
Paul Sankey is given a press pass. Bloomberg doesn't get one. And it's because OPEC is annoyed. And they're not annoyed that they said something that was negative for OPEC. They're annoyed that they said something that they couldn't really …
▶ 47:52
Especially dealing with unions and especially negotiating with some of these countries too. You know, Venezuela was, you know, really the impetus behind OPEC, if I recall correctly. They were trying to go out to, you know, the different Ara…
▶ 24:28
Romulo Ernesto Benicourt Bello as the president. During his brief time in office, Benicourt enacted a series of political reforms, including universal suffrage, that earned his legacy as the father of Venezuelan democracy. Benicourt's agend…
▶ 1:19:34
replaced by, you know, democratic election. And, you know, I'm trying to, I don't remember the prime minister's name off the top of my head, but it's, it's a, you know, democratic action, kind of a left, more of a liberal figure who comes t…
▶ 1:20:03
After the 1948 military coup and, you know, Perez Jimenez is forcing him to stay out of the country. He's able to come back in 1958. And then by 1960, he's working with the Saudis and some of the other Arab countries. And in 62, of course, …
▶ 49:12
Their activities were paid for, as noted above, by heroin and coordinated by the CIA. At the height of the Vietnam War, with inflation threatening to wreck the domestic program for a great society, Lyndon Johnson relaxed the import quota sy…
▶ 49:42
Yay, Lyndon B. Johnson. The US handled the quadrupling of oil prices in the 70s by arranging a secret agreement with the Saudis to recycle petrodollars back into the US economy. The first of these deals assured a special and ongoing Saudi s…
▶ 50:05
continuing Saudi support for the pricing of all OPEC oil in dollars. These two deals assured the U.S. economy would not be impoverished by OPEC's oil price hike. The heaviest burden would be borne instead by the economies of less developed …
▶ 51:31
would become the dominant power in the Persian Gulf, directly controlling 20% of OPEC production and 25% of the world oil reserve. The U.S.-Saudi deals also increased U.S. dependence on oil and drug-funded Arabian assets, such as BCCI.…
▶ 1:30:12
You think about OPEC and everybody acts like it's this foreign thing. At the time in the 70s, OPEC was U.S. companies. U.S. companies had the concessions. If the U.S. companies wanted to exert control over OPEC, they certainly had the abili…
▶ 1:30:38
The oil companies were ripping off OPEC. I mean, that was OPEC's version of what happened. I mean, Dr. Anas Al-Hajji kind of gives the OPEC version of the story, which was that the oil companies... They were using the guys of OPEC. They cou…
▶ 1:31:04
So they would hold the price of oil down and they would use that to reduce the royalty rates. And that would really, you know, that's really screwed over Iran in particular. Yes. And there were comments even from the Shah that basically sai…
▶ 1:02:27
Their situation in Iraq between 58 and 63 with a sort of phased rocket. Parks designed to play roles during certain years. Like in Iraq, you know, they could see government, you know, foil, you know, it's kind of a hint of possibly being al…