How the CIA Launched the «Financial Pearl Harbor» Attacks on Russia and 
Venezuela


Wayne MADSEN <http://www.strategic-culture.org/authors/wayne-madsen.html>  | 
20.12.2014 | 00:00


 


Central Intelligence Agency director John Brennan's long familiarity with Saudi 
Arabia, owing to the time he spent there as the CIA station chief in Riyadh in 
the 1990s and his knowledge of Saudi oil operations, has paid off. Petroleum 
industry insiders claim that Brennan's agents inside Saudi Aramco convinced the 
firm's management and the Saudi Oil Ministry to begin fracking operations in 
order to stimulate production in Saudi Arabia's oldest oil fields. The Saudis, 
who are not known for their hands-on knowledge of their nation’s own oil 
industry, agreed to what became an oil pricing catastrophe which would not only 
affect Saudi Arabia but oil producing nations around the world from Russia and 
Venezuela to Nigeria and Indonesia.

By pumping high-pressure salt water into older wells, some at a depth of three 
to six thousand feet, an inordinate amount of pressure was built up. The CIA's 
oil industry implants knew what would occur when the fracking operations began. 
Due to the dangerously high water pressure, the Saudis were forced continuously 
pump oil until the pressure became equalized. That process is continuing. If 
the Saudis ceased pumping oil, they would permanently lose the wells to salt 
water contamination. In the current "pump it or lose it" situation, the Saudis 
are forced to pump at a rate that may take up to five years before they can 
slow down production rates to pre-glut levels.

The corporate media, including the Bloomberg and Dow Jones virtual business 
news monopolies, issued news reports claiming that the Saudis agreed to keep 
production high at the November meeting of the Organization of Petroleum 
Exporting Countries (OPEC) in order to retain their market share amid increased 
U.S. oil production from fracking. 

The net result of the CIA-inspired fracking operations, which the Saudis were 
warned not to pursue by petroleum engineers working for some foreign-based 
firms like Schlumberger, is that there will be an oil supply glut for the next 
5 years. The glut will be followed by a reduction in Saudi oil production 
unless new oil fields are brought on line. There is now a major push by U.S. 
and Canadian oil companies to bring online the Keystone XL pipeline from Canada 
to the United States to offset the expected sharp rise in oil prices in four to 
five years. But with Canada suffering financially from the drop in oil 
revenues, the Keystone XL project is also on financially shaky ground.

The CIA operation to frack Middle Eastern oil fields was not only limited to 
Saudi Arabia. Oil industry sources have revealed that similar fracking caused 
over production problems in Kuwait and Iraq.

The CIA’s sabotage of Saudi and other oil fields is not a first for the agency. 
In 1982, a massive and devastating explosion of the Trans-Siberian Pipeline was 
said to have been the work of Trojan horse software implanted by a Canadian 
company on behalf of the CIA. Former U.S. Air Force Secretary Thomas Reed, who 
served in the Ronald Reagan White House, confirmed the CIA’s role in the 
industrial sabotage. The CIA cooperated with the Israeli Mossad in creating the 
Flame computer virus that crippled Iran’s nuclear enrichment equipment. Another 
CIA-Mossad virus, Stuxnet, had wreaked havoc on nuclear power plants around the 
world.

The CIA is believed to have played a part in the crash of the Russian-made 
Sukhoi Superjet 100 in May 2012 in Indonesia. A Russian military intelligence 
spokesman said that U.S. industrial sabotage in downing the flight, which 
killed 45 Indonesian and Russian nationals, was considered a likely cause. The 
crash came after the head of the Russian space agency, Roskosmos, said he 
believed that it was possible that the failure of the Phobos-Grunt mission to 
the moons of Mars may have been caused by American sabotage.

The CIA’s use of industrial sabotage against the Cuban sugar industry, the 
Chilean and Zambian copper industries, and the Haitian rice industry is 
legendary. Explosions at oil refineries in Iran, Argentina, Mexico, Ecuador, 
and Venezuela, pipeline explosions in Syria and Libya, and a Brazilian 
Petrobras marine oil rig collapse, have been attributed to CIA proxy terrorist 
groups.

The result of the sudden decline in oil prices has resulted in heavy damage to 
the economies of the CIA-targeted countries of Russia, Iran, and Venezuela. 
Brennan and his economic warfare operatives absolutely banked on the Saudi 
over-production to harm the economies of all three countries and the CIA has 
not been disappointed. The CIA figures that «regime change» would bring to 
power pro-U.S. governments in Russia, Venezuela, and Iran.

Already, from his base in Switzerland, exiled Russian tax evader billionaire 
Mikhail Khodorkovsky has called for President Vladimir Putin's violent 
overthrow and even his assassination. Meanwhile, the U.S. Congress took its 
cues from the CIA and voted to impose devastating economic sanctions on both 
Russia and Venezuela. President Barack Obama approved the congressional 
sanctions. Similar congressional legislation to increase sanctions on Iran is 
pending.

Russia has been harmed the most by the CIA's Saudi oil production scheme. The 
Russian ruble fell 56 percent in value against the U.S. dollar while Russian 
interest rates climbed to 17 percent. The price of shares of Russia's largest 
lending bank, Sberbank, fell 18 percent. Although the Russian economic collapse 
has resulted in financial ripples around the world, with Austrian and French 
banks losing their stock values and the value of the Polish zloty and Hungarian 
forint falling against the dollar, the Obama administration says that there 
will be no easing on economic sanctions imposed on Russia over Ukraine. Obama 
has also put the individual and institutional investments of American holders 
of Russian bonds in dire jeopardy.

The Pacific Investment Management Company's (PEBIX) Emerging Markets Bond Fund, 
which holds over $800 million in Russian bonds, has lost almost 8 percent in 
value in the past few weeks. 

Meanwhile, basic staples in Venezuela, including cooking oil, rice, and corn 
flour, are becoming hard to obtain. On the Venezuelan black market, the U.S. 
dollar has jumped 1700 percent in value against the Venezuelan bolivar. The CIA 
is using the financial collapse to push for an undemocratic overthrow of the 
Venezuelan government and CIA operatives are providing cash payments to 
Venezuelan opposition politicians and provocateurs.

Iran, which has been under punitive Western economic sanctions for a number of 
years over its nuclear power program, is probably best able to weather the 
storm. Iran has built up a rather impressive domestic food production, 
telecommunications, and oil industry infrastructure to survive the sanctions. 
However, Iranian President Hassan Rouhani appears very aware of the Saudi role 
in the conspiracy to drive down oil prices. Recently, Rouhani said of the drop 
in oil prices, "The main reason for [it] is political conspiracy by certain 
countries against the interest of the region and the Islamic world and it is 
only in the interest of some other countries . . . Iran and people of the 
region will not forget such conspiracies.»

The economic hardships imposed on oil-producing Indonesia, the world’s most 
populous Muslim country, has resulted in an opportunity for the Islamic State 
to gain adherents in the country, especially among the young and unemployed 
population. The economy of China, which is hoping to begin pumping oil from 
lucrative marine reserves in the South China Sea, is feeling the strain of 
lower oil prices. Mexico, wracked with social instability, has also suffered 
from the CIA’s machinations. However, instability in Mexico has always been 
advantageous for the CIA, which continues to benefit from the illegal drug 
trade that keeps the agency’s slush fund accounts flush with cash.

Brennan's and the CIA's industrial sabotage of the Saudi industry will continue 
to have far-reaching effects on the world economy. Oil industry insiders fear 
that the CIA has unleashed something that may deal a devastating blow to the 
global economy from which it will be difficult to recover.

 

http://www.strategic-culture.org/news/2014/12/20/how-cia-launched-the-financial-pearl-harbor-attacks-russia-venezuela.html

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