Welcome to the world of $100 Oil and 'EU' be warned!

After WWII the international oil trade was a function of the Foreign Policies of the USA and Great Britain. The enablers were the world's largest oil companies known in the business as the seven sisters, five American, one British and one Anglo-Dutch. The majority of productive capacity, as today, lay around the Persian/Arabian Gulf and also as today the producing countries desired ever more revenue. This was provided by boosting production while maintaining the price at a few cents above one dollar per barrel. By the early sixties the Sisters were committed to loading an extra six per cent of oil each year. My job at that time, working for one such company was to ensure that this six per cent target was met, which eventually could only be achieved by loading every tanker available with every last drop of oil possible by the end of December for the Arab States and during March, the Iranian year-end, for that country's exports. Each year it became more of a race to empty all the ships during January and February to allow for their return to the Gulf to achieve the Iranian target. This policy achieved falling real oil prices in Europe and the Far East as volumes increased and tanker size grew the economies of scale produced worldwide falling energy prices and sustained economic growth. In the three years I spent in this fascinating task my employer's oil refineries in Europe grew from two to five and at the close we were renting every barrel of third party oil processing capacity we could find. The nineteen-sixties generation of self-serving short-sighted European politicians, while authorising their officials to pass long hours debating butter mountains and wine lakes, concerned themselves with means to siphon part of this growing wealth back to their political parties for their own eventual benefit, while venally claiming credit for the economic gains created as being a function of their non-democratic, non-productive cabal. A side effect of the oil glut annually oozing through the Straits of Hormuz was the difficulty of new production under the control of smaller oil companies, mostly in North Africa, to find a market thus increasing the downward pressure on consumer prices. The company breaking ranks on the stable price front was called Occidental which conceded a price rise to Colonel Ghaddaffi in Libya. The founder of that company was a man called Armand Hammer who profited from strong business links within Soviet Russia. On 13th December2007, in just two and a half weeks time, the present incompetent crop of Europe's leaders will meet in Lisbon to sign a Treaty that will pass nearly all significant decision making power across almost the entire European peninsula and offshore islands to a secretive cabal of the leaders of the largest (best financed) political party from each former nation state as per the document that is linked from the posting immediately beneath this. Read it please! These same leaders have allowed the price of oil to rise to the unimagined heights of around one hundred dollars a barrel while placing their swing gas supplies under the ultimate control of a newly assertive Russia. Mostly uninvolved in Iraq as the dispute might have had some connection with the oil that runs their economies and keeps their citizens warm, and similarly largely sitting on their hands in Afghanistan as the Americans, British, Canadians and a few others take the casualties - these are the leaders who will steal your democracy and have already fashioned a so-called European Council through which all can be controlled outside the scutiny and/or control of the people and Parliaments of Europe. 'EU' are welcome to this new Europe! For a further view of what will be lost in just two weeks time, buy the first rate book 'Europe- A History' by Norman Davies on sale now in paperback at the remarkably reasonable price of one penny less than seventeen pounds.. At least read the Introduction before 13th December to get a flavour of what is about to be lost - then harry your MP.