Tag Archives: Lockheed Martin

Occupying Ghawar

(Excerpted from Chapter 13: USS Persian Gulf: Big Oil & Their Bankers…)

Aside from the economic benefits which US multinationals derived from the brief US war against Iraq and the curtailment of Saudi and Kuwaiti economic power which the Gulf War wrought, there were other important repercussions from the destabilization of the Persian Gulf region. Continue reading

Contracts For Vampires

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

As oil historian Daniel Yergin put it, “What we had before the war was a special relationship with Saudi Arabia.  Now we have a more special relationship”.  Continue reading

The Royal Paymaster

000011(Excerpted from Chapter 5: Persian Gulf Rent-A-Sheik: Big Oil & Their Bankers…)

Kuwait’s investments abroad have not been without scandal.  They owned two California hotels with S&L crook Charles Keating. [191]  Kuwait is part-owner of the HSBC-controlled Midland Bank, a major player in the Silver Triangle drug money shuffle and clearing agent for the government of Panama, whose board is loaded with ex-Pentagon officials.  In 1981, the same year that the GCC was created, KOC bought Sante Fe International, a US firm with close ties to the CIA.  The company had developed a horizontal drilling technology which the Kuwaitis employed in stealing Iraqi oil. Continue reading