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Empire Files

Episode 16 - Untouchable Big Oil Threatens All Life On Earth

Empire Files

Empire Files

News

4.9784 Ratings

🗓️ 29 November 2017

⏱️ 28 minutes

🧾️ Download transcript

Summary

All life on Earth is threatened by catastrophic climate change--the main culprit is so powerful that the U.S. government is setup to serve it, rather than regulate it. The oil industry is a powerhouse with control over land, resources, politics and more. In this episode of The Empire Files, Abby Martin uncovers big oil's strong-arm reach--its growth, its crimes, its power and its impunity. Featuring interviews with two investigative journalists who have covered oil disasters on-the-ground--Antonia Juhasz, author of "Black Tide: The Devastating Impact of the Gulf Oil Spill", and Greg Palast, author of "Vulture's Picnic: In Pursuit of Petroleum Pig, Power Pirates, and High-Finance Carnivores." Watch teleSUR's The Empire Files every Friday. FOLLOW // http://twitter.com/empirefiles LIKE // http://facebook.com/theempirefiles Music by Fluorescent Grey

Transcript

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0:00.0

Welcome to the Empire Files podcast. This is Abby Martin. This is the audio version of each episode of the Empire Files hosted on Telesaur English. You can watch every episode at the Empirefiles.tv.

0:14.4

In a system that puts profits over everything, small gangs of billionaires are given free reign to plunder the planet. One of the

0:22.4

richest power clicks in the empire's inner circle is also imperiling all life on Earth at an

0:28.1

alarming rate, only to pad their vaults with cash. In the United States, the oil industry is a giant

0:34.6

cash-engorged beast, with the loyal servitude of the state at its beck and call.

0:40.0

Its vast accumulation of wealth has led to its vast accumulation of power and influence in today's

0:45.5

society. A resource that's the pivot of the modern industrial economy has made every

0:51.2

oil-rich nation a prize to be won by every aspiring world empire.

0:56.1

In the past half century, the U.S. has sacrificed untold lives, limbs, and resources,

1:01.7

and it scrambled to seize larger and larger pieces of the market,

1:05.7

from funding dictators to fueling proxy battles to all-out wars of aggression.

1:11.6

Entire countries like Saudi Arabia, Azerbaijan, Qatar, and others have been established

1:17.6

as oil monarchies, owned by American oil corporations, armed the teeth by imperial sponsors.

1:23.6

Every president from Truman-on officially dubbed access to oil a matter of national security,

1:30.4

meaning worth going to war for. The oil industry's vast power was pioneered by the son of a snake

1:35.9

oil salesman, John D. Rockefeller, a cutthroat capitalist who bought his first refinery in Cleveland

1:42.3

in 1865, later named the Standard Oil Company.

1:47.0

Many emerging oil companies were competing, but Rockefeller's Standard Oil tipped the scales.

1:53.0

They used an illegal deal with railroad companies for cheaper transportation

1:56.9

to bully more than 20 refineries into selling themselves to standard oil under threat of having

2:02.6

to compete with impossibly low oil prices. Other strong-armed tactics were used to buy up the industry.

2:09.8

For example, if a refinery didn't want to sell itself, Rockefeller would buy the pipeline

...

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