Monday, 31 December 2012

The Man Who Took On The Oil Giants; Marc Rich

Meet The Man Who Put The Oil Market Power in the Hands of Resource Rich Countries

My Name is Samuel Ezerzer producer and host of the Money and Business show in Montreal , I interviewed Daniel Ammann 2011-03-16
from Zurich Switzerland to discuss the live of the man who inveted the independent oil trade as well as the man who broke the the oil cartel ,The "Seven Sisters" was a term coined in the 1950s by businessman Enrico Mattei, then-head of the Italian state oil company Eni, to describe the seven oil companies which formed the "Consortium for Iran" cartel and dominated the global petroleum industry, from the mid-1940s to the 1970s ,The group comprised Anglo-Persian Oil Company (now BP); Gulf Oil, Standard Oil of California (SoCal) and Texaco (now Chevron); Royal Dutch Shell; and Standard Oil of New Jersey (Esso) and Standard Oil Company of New York (Socony) (now ExxonMobil).

Prior to the oil crisis of 1973, the members of the Seven Sisters controlled around 85% of the world's petroleum reserves, but in recent decades the dominance of the companies and their successors has declined as a result of the increasing influence of the OPEC cartel and state-owned oil companies in emerging-market economies.
The journalist Daniel Ammann has written a comprehensive biography about Marc Rich: "The King of Oil -- The Secret Lives of Marc Rich". The biography has been published in English, German, Spanish, Portuguese, Japanese and Chinese.

King Of Oil
Billionaire oil trader Marc Rich for the first time talks at length about his private life (including his expensive divorce from wife Denise); his invention of the spot oil market, which made his fortune and changed the world economy; his lucrative and unpublicized dealings with Ayatollah Khomeini's Iran, Fidel Castro's Cuba, war-ravaged Angola, and apartheid South Africa; his quiet cooperation with the Israeli and U.S. governments (even after he was indicted for tax fraud by Rudy Guiliani) and near-comical attempts by U.S. officials to kidnap him illegally.

Program Name: Money and Business with Samuel Ezerzer
Hours : Wednesday live at 4pm, rebroadcasted Sunday at 3am and Monday at 7pm.
Description: The Money & Business Show is the only pure Business show, live in-studio direct from Montreal. The show focuses primarily on the Canadian, United States, and the international economy through a Canadian lens. The show is informative, exciting, and sometimes controversial, encouraging healthy debate.
sam ezerzer