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Fol­low­ing a 1998 dis­cus­sion of petro­leum indus­try power pol­i­tics, this pro­gram ana­lyzes the phony “oil short­age” of the late 1970s against the back­ground of the allegedly real “oil short­age” of the year 2000. Begin­ning with the soar­ing price of gaso­line in the late win­ter and early spring of 2000, the pro­gram focuses on excerpts from the book The Secret War Against the Jews by John Lof­tus and Mark Aarons (St. Martin’s Press, copy­right 1994).

The authors draw on an exhaus­tive bib­li­og­ra­phy, as well as vet­eran Amer­i­can and British intel­li­gence offi­cers, to doc­u­ment col­lu­sion among George Bush’s CIA, the petro­leum indus­try and Saudi Ara­bia. Together, these ele­ments fab­ri­cated an alleged Soviet petro­leum short­fall, as well as a phony “decline” in Saudi oil pro­duc­tion. Career oil indus­try pro­fes­sional George Bush gave Jimmy Carter a CIA report that falsely main­tained that the world would expe­ri­ence an oil short­age and that the Sovi­ets might invade the Mid­dle East in order to secure petroleum.

The goal of the report was to influ­ence Jimmy Carter to increase oil pro­duc­tion and to man­date weapons sales to Saudi Ara­bia in order to “defend against the Soviet men­ace”. Carter and Energy Sec­re­tary James Schlesinger instead responded with a pro­gram of con­ser­va­tion. This enraged the petro­leum inter­ests, which then responded with the phony “gas short­age” of 1979. This gas short­age helped to pro­pel Jimmy Carter from office. (Schlesinger had resigned his post ear­lier in Carter’s administration.)

For­mer CIA direc­tor Bush became Vice-President under Rea­gan and (accord­ing to Lof­tus and Aarons) was the actual “power behind the throne.” Even­tu­ally, it became evi­dent that the CIA report was false and that the Mid­dle East was swim­ming in oil. Nonethe­less, the CIA/Saudi/petroleum indus­try fraud was suc­cess­ful in con­ning con­sumers into accept­ing dra­mat­i­cally higher gaso­line prices, desta­bi­liz­ing the Carter admin­is­tra­tion and per­suad­ing Con­gress and the Pres­i­dent to autho­rize a Saudi mil­i­tary buildup.

That Saudi build-up tipped the mil­i­tary bal­ance of power in favor of the Arabs. Most impor­tantly, the phony oil short­age set the stage for an unprece­dented mil­i­tary build-up dur­ing the Rea­gan admin­is­tra­tions. That mil­i­tary build-up tripled the U.S. national debt in eight years.

The pro­gram con­cludes with a look at the Repub­li­can attempt to blame Al Gore for the increase in the price of gaso­line. George Bush’s son, George W. Bush is run­ning for Pres­i­dent on the Repub­li­can ticket. Like his father, he is a career petroleum-industry professional.

Pro­gram High­lights Include: dis­cus­sion of George W’s con­nec­tions to Saudi busi­ness inter­ests; media crit­i­cism of the phony CIA oil report; analy­sis of the drop in refin­ery pro­duc­tion in 1979 and its influ­ence on the “gas short­age;” a vet­eran intel­li­gence officer’s blunt state­ment that the “gas short­age” of 1979 was as phony as the George Bush-led CIA’s fab­ri­ca­tions about Soviet petro­leum short­fall; spec­u­la­tion that the oil short­age of 2000 is being delib­er­ately arranged in order to put George W. Bush in the White House. (Recorded on 3/19/2000.)