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FTR #214 Trouble on Oiled Waters, Part II

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MP3 Side 1 [1] | Side 2 [2]

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 [3] 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.)