PAGE FOUR
A 1972 agreement allowed
oil-producing countries to
receive 25 per cent of each
American oil company's
profits, allowing for gradual
transfer of ownership that
would reach 51 per cent by
1983.
oil-producing countries to
receive 25 per cent of each
American oil company's
profits, allowing for gradual
transfer of ownership that
would reach 51 per cent by
1983.
TRADING FREEDOM FOR OIL
By Mary Christina Love
July 13, 2009 - America is in a highly compromising position of servitude after decades of
concessions to the Saudis to obtain oil and preserve invested business interests.
Submissiveness to Saudi/Islamic rules has placed America in a state of dhimmitude, which is
essentially enforced compliance by non-Muslims to Islamic Law. And it extends to energy,
security, policy, education, finance, and religion.
By Mary Christina Love
July 13, 2009 - America is in a highly compromising position of servitude after decades of
concessions to the Saudis to obtain oil and preserve invested business interests.
Submissiveness to Saudi/Islamic rules has placed America in a state of dhimmitude, which is
essentially enforced compliance by non-Muslims to Islamic Law. And it extends to energy,
security, policy, education, finance, and religion.
Saudi-Islamic interests became synonymous with "American
national interest" when Saudi King Faisal warned the president of
ARAMCO in the 1970s that US oil companies must prove their
loyalty to his Islamic kingdom or suffer higher oil prices and maybe
lose all their investments in the region. With bribery an incentive
and extortion a consequence of non-compliance, officials engaged
in public relations efforts to improve the Arab image in America. It
involved intense lobbying, public relations events, and a massive
national interest" when Saudi King Faisal warned the president of
ARAMCO in the 1970s that US oil companies must prove their
loyalty to his Islamic kingdom or suffer higher oil prices and maybe
lose all their investments in the region. With bribery an incentive
and extortion a consequence of non-compliance, officials engaged
in public relations efforts to improve the Arab image in America. It
involved intense lobbying, public relations events, and a massive
media campaign to influence Congress and to change America's opinion regarding Israeli concern including its
right to exist.
A 1972 agreement allowed oil-producing countries to receive 25 per cent of each American oil company's
profits, allowing for gradual transfer of ownership that would reach 51 per cent by 1983. U.S. oil companies
did not realize that loopholes in the agreement would eventually allow the Saudis to demand more money per
barrel of oil in the future.
These oil revenues were recycled back into the U.S. market in stocks, bonds, financial securities, and bank
deposits. By the end of 1983 Middle East oil exporters held $39.9 billion in U.S. government securities,
with Saudi Arabia the largest shareholder. Saudi Arabia also became a major investor in American
corporations and, by 1978, was the largest shareholder of Fannie Mae. Bank of America, Chase
Manhattan, Chemical Bank, Citibank, Morgan Guaranty were banks that benefited from the growing Arab
oil revenue surplus.
The Kuwaiti portfolio, managed by Citibank, included large shares of McDonald's, Ralston Purina, Atlantic
Richfield, Johnson & Johnson, General Motors, General Mills, Dow Chemical, Eastman Kodak, J.C.
Penney, and Procter & Gamble. In 2008, Citigroup's largest shareholder was Saudi Arabia's Prince
Alwaleed bin Talal. Unknown to many Americans, Saudi Basic Industries Corporation (SABIC) acquired
General Electric's Plastics division for $11.6 billion in cash on May 21, 2007.
The U.S. is aware that Shari'ah financial products fund terrorism. Yet on November 6, 2008, just two days
after the presidential election and in the midst of the financial crisis, the Treasury Dept. and the Islamic
Finance Project of the Harvard Law School co-hosted a forum entitled "Islamic Finance 101." Its purpose
was to educate Congress, the Treasury staff, banking regulatory agencies, and other parts of the Executive
Branch on Shari'ah finance. According to a press release, the forum was "designed to help inform the policy
community about Islamic financial services, which are an increasingly important part of the global financial
industry."
Saudis also use petrodollars to influence American education from elementary schools to universities. Sarah
Stern, who heads the Washington, D.C. based Endowment for Middle East Truth think-tank, said the Saudis
are exploiting provisions of U.S. law to indoctrinate teachers from K-12th grade in anti-American and anti-
Israeli positions. U.S. law and Pres. Bill Clinton's 1995 Educational Guidelines allow academia to bring in
off-campus activists and pay them lecture fees to propagandize teachers and the general public at taxpayer
expense.
Over the last 30 years, the Saudi royal family has contributed over $70 billion to promote Arab studies that
center on Islam and spread anti-American and anti-Israeli propaganda. Some of the universities that receive
endowments include Berkeley, Harvard, Columbia, USC, Duke, and even Texas A&M, to name only a few.
Politicians welcomed programs and students from the Middle East when Arab leaders began lavishing
generous donations to American educational institutions. In return, they demanded special privileges and the
right to influence policy in a way favorable to Islam.
Wahhabi-connected clergy were allowed access to Federal and state prisons when the National Islamic
Prison Foundation (NIPF) was founded in 1993. Saudi-trained Islamic clerics began to minister to convicted
Muslims and convert other inmates to Islam. Practitioners of Saudi Arabia's extreme, fundamentalist form of
Islam were certified and trained as prison chaplains by either the Islamic Society of North America or the
Graduate School of Islamic and Social Sciences. NIPF receives thousands of books and pamphlets from
Arab nations to distribute to inmates and the Saudi government provides Korans to U.S. jails.
Al Qaeda training manuals found by U.S. troops in Afghanistan revealed that America's black prisoners are a
prime recruitment target for radical Islam. NIPF clerics claim an average of 135,000 prison conversions
each year, most of them African-Americans who, upon their release, could become Jihad soldiers.
Americans must wake up from the dream that we are safe from terror. Allowing Islamic teaching in prisons
intensifies racism and hatred and makes the converts more radically anti-American and dangerous. Preaching
Islam in the military is equally contradictory, as Muslims’ loyalty is clearly not with the American government
nor are they concerned with the safety of American citizens.
With a downsizing of the American military dispersed to Iraq and Afghanistan, it is reasonable to conclude
that these Islamic converts, hostile to whites, will join forces with known terrorist groups already in the U.S.
such as Sheik Gilani's 35 camps of The Soldiers of Allah. One day they are likely to be used against non-
Muslim Americans in an act of terror.
It is most disturbing to realize that this may happen if we continue refusing to produce our own oil and to
confront the multifaceted Islamist invasion occurring in our midst and at our expense.
right to exist.
A 1972 agreement allowed oil-producing countries to receive 25 per cent of each American oil company's
profits, allowing for gradual transfer of ownership that would reach 51 per cent by 1983. U.S. oil companies
did not realize that loopholes in the agreement would eventually allow the Saudis to demand more money per
barrel of oil in the future.
These oil revenues were recycled back into the U.S. market in stocks, bonds, financial securities, and bank
deposits. By the end of 1983 Middle East oil exporters held $39.9 billion in U.S. government securities,
with Saudi Arabia the largest shareholder. Saudi Arabia also became a major investor in American
corporations and, by 1978, was the largest shareholder of Fannie Mae. Bank of America, Chase
Manhattan, Chemical Bank, Citibank, Morgan Guaranty were banks that benefited from the growing Arab
oil revenue surplus.
The Kuwaiti portfolio, managed by Citibank, included large shares of McDonald's, Ralston Purina, Atlantic
Richfield, Johnson & Johnson, General Motors, General Mills, Dow Chemical, Eastman Kodak, J.C.
Penney, and Procter & Gamble. In 2008, Citigroup's largest shareholder was Saudi Arabia's Prince
Alwaleed bin Talal. Unknown to many Americans, Saudi Basic Industries Corporation (SABIC) acquired
General Electric's Plastics division for $11.6 billion in cash on May 21, 2007.
The U.S. is aware that Shari'ah financial products fund terrorism. Yet on November 6, 2008, just two days
after the presidential election and in the midst of the financial crisis, the Treasury Dept. and the Islamic
Finance Project of the Harvard Law School co-hosted a forum entitled "Islamic Finance 101." Its purpose
was to educate Congress, the Treasury staff, banking regulatory agencies, and other parts of the Executive
Branch on Shari'ah finance. According to a press release, the forum was "designed to help inform the policy
community about Islamic financial services, which are an increasingly important part of the global financial
industry."
Saudis also use petrodollars to influence American education from elementary schools to universities. Sarah
Stern, who heads the Washington, D.C. based Endowment for Middle East Truth think-tank, said the Saudis
are exploiting provisions of U.S. law to indoctrinate teachers from K-12th grade in anti-American and anti-
Israeli positions. U.S. law and Pres. Bill Clinton's 1995 Educational Guidelines allow academia to bring in
off-campus activists and pay them lecture fees to propagandize teachers and the general public at taxpayer
expense.
Over the last 30 years, the Saudi royal family has contributed over $70 billion to promote Arab studies that
center on Islam and spread anti-American and anti-Israeli propaganda. Some of the universities that receive
endowments include Berkeley, Harvard, Columbia, USC, Duke, and even Texas A&M, to name only a few.
Politicians welcomed programs and students from the Middle East when Arab leaders began lavishing
generous donations to American educational institutions. In return, they demanded special privileges and the
right to influence policy in a way favorable to Islam.
Wahhabi-connected clergy were allowed access to Federal and state prisons when the National Islamic
Prison Foundation (NIPF) was founded in 1993. Saudi-trained Islamic clerics began to minister to convicted
Muslims and convert other inmates to Islam. Practitioners of Saudi Arabia's extreme, fundamentalist form of
Islam were certified and trained as prison chaplains by either the Islamic Society of North America or the
Graduate School of Islamic and Social Sciences. NIPF receives thousands of books and pamphlets from
Arab nations to distribute to inmates and the Saudi government provides Korans to U.S. jails.
Al Qaeda training manuals found by U.S. troops in Afghanistan revealed that America's black prisoners are a
prime recruitment target for radical Islam. NIPF clerics claim an average of 135,000 prison conversions
each year, most of them African-Americans who, upon their release, could become Jihad soldiers.
Americans must wake up from the dream that we are safe from terror. Allowing Islamic teaching in prisons
intensifies racism and hatred and makes the converts more radically anti-American and dangerous. Preaching
Islam in the military is equally contradictory, as Muslims’ loyalty is clearly not with the American government
nor are they concerned with the safety of American citizens.
With a downsizing of the American military dispersed to Iraq and Afghanistan, it is reasonable to conclude
that these Islamic converts, hostile to whites, will join forces with known terrorist groups already in the U.S.
such as Sheik Gilani's 35 camps of The Soldiers of Allah. One day they are likely to be used against non-
Muslim Americans in an act of terror.
It is most disturbing to realize that this may happen if we continue refusing to produce our own oil and to
confront the multifaceted Islamist invasion occurring in our midst and at our expense.