(Excerpted from Chapter 7: The Four Horsemen (external - login to view): Big Oil & Their Bankers (external - login to view)…) (external - login to view)
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In 1975 British writer Anthony Sampson penned The Seven Sisters, bestowing a collective name on a shadowy oil cartel, which throughout its history has sought to eliminate competitors and control the world’s oil resource. Sampson’s “Seven Sisters” name came from independent Italian oil man Enrico Mattei.
In the 1960’s Mattei began negotiating with Algeria, Libya and other nationalistic OPEC states who wanted to sell their oil internationally without having to deal with the Seven Sisters. Algeria had a long history of defying Big Oil and was once ruled by President Houari Boumedienne, one of the great Arab socialist leaders of all time, who initiated the original ideas for a more just “New International Economic Order” in fiery speeches at the UN, where he encouraged producer cartels modeled on OPEC as a means to Third World emancipation.
The Four Horsemen Behind The Oil Wars | Left Hook by Dean Henderson (external - login to view)