The current Gulf tragedy and the dangers of an enthusiastic "Drill, baby, drill!" pattern highlights the issue of how big oil has flexed its mighty muscles in the international political sphere.
Today's ongoing tragedy involves the same British Petroleum that in 1953 used the CIA in a menacing way to overthrow a popularly elected leader.
Iran had just elected Prime Minister Mohammed Mossadegh, that nation's most popular political figure.
The fact that Mossadegh was elected by the will of Iran's citizens did not deter the efforts of an invigorated CIA that used the Cold War as a pretext to move away from the fact finding agency conceived of by President Harry Truman to an aggressive international political body willing to overthrow nations in contravention of popular national will.
Mossadegh immediately angered the international power cartel with which the CIA actively interlinked. British Petroleum had been garnering the lion's share of profits from Iran's wealthy oil deposits.
Mossadegh nationalized Iran's oil as a means of obtaining what he deemed to be a fairer portion of that important asset. The nationalization law was passed unanimously by the Iranian Parliament.
Despite the fact that BP was offered considerable compensation by Mossadegh his days were numbered after the nationalization bill was passed.
Richard Helms, who would later become CIA Director, was prepared to act with a close Iranian friend becoming political beneficiary. A plan was launched to overthrow Iran in a coup and hand over the reins of power to a reliable figure who would accede to the international power elite's interests on behalf of British Petroleum.
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