Over a Barrel: Breaking the Middle East Oil Cartel
Raymond J. Learsy
November 12, 2005
Longtime commodities trader Raymond J. Learsy lifts the veil of the Mideast oil cartel, showing how OPEC manipulates the oil markets and destabilizes the world's economy. With refreshing candor and an insider's perspective, Learsy explains how OPEC:
- Twists bogus perceptions of oil scarcity to hike prices and gain political power;
- Is compromised by Islamist terrorist connections that fuel anti-American hatreds with dollars from our own wallets;
- Keeps Third-World nations in abject poverty despite their rich oil deposits;
- Became the de facto master of Iraq's newly liberated oil fields.
A sharp, sweeping survey of OPEC's methods of economic dominance, this book explains how to bust the Mideast oil cartel and chart our own course toward energy independence.
Raymond J. Learsy, author, made his life in the fast-paced, risk-filled world of commodities trading, beginning in 1959. In 1963, he started his own firm and over twenty years expanded from the U.S. into Canada, the United Kingdom, Luxembourg, Brazil, and Pakistan, trading in an array of bulk raw materials and commodities, shipping to customers worldwide. His richly-informed analysis of the international oil trade, OPEC, and its impact on the American and world economy has been featured in National Review Online and The New York Times.