Tag Archives: Kuwait Oil Company

Stealing The Oil & Making It Worthless

(Excerpted from Chapter 12: The Gulf Oil War: Big Oil & Their Bankers…)

While Saddam was preoccupied with the Iranians, the Kuwaiti government busied itself slowly moving its long-disputed border with Iraq northward into the area containing the massive Rumaila oilfield, which the Four Horsemen now knew to be one of the richest in the world. Continue reading

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Floating the Fed’s House of Cards

Chao Phraya River at Ayutthaya, Thailand

Chao Phraya River at Ayutthaya, Thailand

(Excerpted from Chapter 5: Persian Gulf Rent-A-Sheik: Big Oil & Their Bankers…)

The elite families of the six GCC nations are heavily invested in Western economies.  High volume crude oil production keeps this investment capital flowing to Wall Street while allowing the GCC elites to live opulent lifestyles. Continue reading