Follow the Money - Infrastructure
“The use of solar energy has not been opened up because the oil industry does not own the sun.”
- Ralph Nader
The Oil Empire & The Suppression of Alternative Energy Sources
We are extremely dependent on oil, which translates into phenomenal profits for energy corporations. The oil industry has enough money and influence to suppress anything that might threaten their monopoly. They commit huge resources to undermine energy alternatives, control global reserves, and maintain high oil prices. This timeline shows the rise of the Rockefeller oil empire and the suppression of alternatives by major energy corporations.
1870: John D. Rockefeller Founds Standard Oil
Rockefeller founds Standard Oil of Ohio with $1 million in capital, the largest corporation in the country. The new company controls 10% of U.S. petroleum refining.
September 1873: Stock Exchange Crashes and Standard Oil Takes Advantage of Economic Downturn
On September 18, the stock market crashed, followed by a six year depression. During this time, Standard Oil absorbs refineries in Pittsburgh, Philadelphia, New York, and Pennsylvania's Oil Region.
1877: Rockefeller controls almost 90% of the oil refined in the United States
1882: Standard Oil Trust is Formed
1890: Congress Passes Sherman Antitrust Act
This is the first Federal statute to limit cartels and monopolies.
1892: JP Morgan Arranges Merger of Edison General Electric and Thomson-Houston Electric Company to Form General Electric (GE)
1896: Henry Ford Assembles First Automobile, Demand for Oil Increases
1901: J.P. Morgan Founds U.S. Steel, the First Billion-Dollar Corporation
U.S. Steel is still one of the worlds largest steel producers.
1902: Nikola Tesla Begins Exploring How to Transmit Electricity Without Power Lines; JP Morgan Refuses Further Funding
Nikola Tesla’s Wardenclyffe Tower, initially financed by J.P. Morgan, was designed to transmit electricity without wires. By 1904, J.P. Morgan - who had a monopoly on copper which was used to transmit electricity – refused to provide any more funding.
1908: The U.S. Government Targets Standard Oil in Antitrust Suit
1911: The U.S. Supreme Court Orders Standard Oil to Dissolve. Shootoffs Include ExxonMobil, Chevron, BP, and ConocoPhillips.
Standard Oil is split up into 34 different companies. The Rockefellers still hold stock in these oil companies.
1913: Rockefeller Foundation is Founded. John D. Rockefeller gives the Foundation $100 million in First Year.
1919: American Petroleum Institute (API) is Established
API represents the oil and natural gas industry. Today API Represents More than 400 corporate members including Chevron, ConocoPhillips, ExxonMobil, GE, Halliburton, and Shell.
1940: Rockefeller Family Owns Nearly $400 Million in Stock of the 200 Largest Non-Financial Corporations
Source: “13 Families” Published by Time Magazine, Oct. 28, 1940
1969: API Moves its Headquarters to Washington DC
By 2011 it represents more than 400 corporate members. In 2010, it spent more than $7 million on lobbying.
1982: Inventors Adam Trombly and Joseph Kahn receive an international patent for a zero-point energy device
They called it the “Closed Path Homopolar Machine.”
1983: Trombly was issued a gag order by the U.S. government to stop development of the “Closed Path Homopolar Machine”
Mid 1980’s: Trombly developed another zero-point energy device with David Farnsworth
This device was called the “Piezo Ringing Resonance Generator.”
January, 1989: Former Oil Businessman, George H. W. Bush, Becomes President
Before becoming President of the United States, Bush made a fortune in the oil industry. He founded Zapata Oil Corporation and ran the offshore drilling company for years.
June 1989: Trombly’s Free Energy Demonstrations in New York and Washington D.C. Suppressed
Inventor Adam Trombly was scheduled to demonstrate a small version of his Piezo Ringing Resonance Generator at the UN in New York. At the last minute Trombly was forced to do his demonstration at a church down the street. Afterwards Trombly gave a speech in Dag Hammarskjöld Auditorium at the United Nations in front of an international audience. A few days later, Trombly was scheduled to demonstrate the same device at the US Senate Banking and Finance Committee in Washington. Only Senator Carl Levin and a “handful” of staff were in attendance because the Senior Bush Administration called hundreds of Senators, Congressional Representatives and their staff members for an “off-the-cuff” discussion of the Clean Air Act at the exact same time as Trombly’s demonstration. The oil administration successfully diverted attention away from the technology in an effort to censor Trombly. Subsequently his lab was raided by the FBI, millions of dollars of equipment was taken and he was threatened and required “for reasons of national security” to cease his research.
1989: MIT & Harvard Grad, Eugene Mallove, Authors the Book, Fire From Ice, Which Details the Success of a Cold-Fusion Device with “Greater than Unity” Output
1994: Infinite Energy Magazine – “The Magazine of New Energy Science and Technology” – is Founded by Eugene Mallove
The magazine covers both the theoretical and technological developments in the “new energy” field.
2004: Eugene Mallove is Mysteriously Murdered Outside Childhood Home
1998-2011: Oil & Gas Industry Spends $1,114,552,107 on Lobbying
Source: Open Secrets: http://www.opensecrets.org/lobby/top.php?indexType=i
2006 – A brief summary of the “History of ‘New Energy” Invention Suppression Cases