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Invisible hands: The secret world of the oil fixer
Harper's ^ | March 2009 | Ken Silverstein

Posted on 04/19/2009 12:22:45 AM PDT by forkinsocket

On a cold, damp night last November, a Mercedes sedan looped through the semicircular drive of the St. James Paris, a century-old chateau-style hotel across the Seine from the Eiffel Tower. As the car rolled to a halt at the hotel’s main entrance, a well- tailored trim man named Ely Calil walked unhurriedly out the lobby door and down wide stone steps, talking into an earpiece that was connected, through a thin black wire, to a tiny cell phone tucked in the closed palm of one hand. The driver stepped from the car and opened the door for Calil, who interrupted his conversation to give the driver instructions. He spoke in a voice a little above a whisper, perhaps just a touch softer than his normal cool, flat tone. The driver returned to his seat and steered the car out through the granite-pillared entryway and onto Avenue Bugeaud.

Calil had flown to Paris earlier that day from London, where he resides. Born in Nigeria in 1945 to a prominent family of Lebanese origin, Calil belongs to a small group of middlemen, a few dozen at most, who quietly grease the wheels of the global energy business, brokering transactions between oil companies and governments. The oil business operates on the basis of discreet payments, transfers, and backroom deals—not necessarily illegal— arranged by fixers like Calil. He has funneled money to African dictators to obtain concessions for oil companies, traded oil from Russia following the collapse of the Soviet Union, and advised presidents and exiled political leaders. Along the way, he has not only amassed an immense personal fortune but has established a web of political ties stretching from Africa to the Middle East to the United States.

(Excerpt) Read more at harpers.org ...


TOPICS: Business/Economy
KEYWORDS: fixers; oil
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1 posted on 04/19/2009 12:22:45 AM PDT by forkinsocket
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To: forkinsocket
"One of his most promising investments is a company called Green Holdings, which is in the emerging field of carbon trading: buying the rights to pollute from cleaner businesses and selling them to dirtier ones."

From one scam to another. I suppose he knows Al Gore.

2 posted on 04/19/2009 12:56:40 AM PDT by ChicagahAl (Don't blame me. I voted for Sarah.)
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To: forkinsocket

the electric car is comong


3 posted on 04/19/2009 1:03:03 AM PDT by element92
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To: ChicagahAl

“...carbon trading: buying the rights to pollute from cleaner businesses and selling them to dirtier ones.”

Yeah, that’s the way we’re gonna save the world.


4 posted on 04/19/2009 1:22:39 AM PDT by Tublecane
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To: forkinsocket

Excellent find. Thanks.


5 posted on 04/19/2009 3:02:29 AM PDT by Tainan (Where's my FOF Indicator?)
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Comment #6 Removed by Moderator

To: Tainan

Harpers regularly publishes fiction as fact.


7 posted on 04/19/2009 3:33:44 AM PDT by Eric in the Ozarks
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To: Eric in the Ozarks
Its still a good read, though it romanticizes ‘fixers” as almost legit.....kind of like a lobbyist....or Rahm Emanuel..(/loogyspit)
8 posted on 04/19/2009 3:53:18 AM PDT by DainBramage
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To: Eric in the Ozarks
Yes...and?
9 posted on 04/19/2009 4:07:26 AM PDT by Tainan (Where's my FOF Indicator?)
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To: Tainan

Harpers could have substituted any valuable commodity and put together a story about insiders and traders. As an old N2 Group trader once said, “Pigs get fat. Hogs get slaughtered.”


10 posted on 04/19/2009 4:53:09 AM PDT by Eric in the Ozarks
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To: Eric in the Ozarks
Harpers could have substituted any valuable commodity and put together a story about insiders and traders.

And, if on one side you have the international oil companies, and on the other side a gang of third world dictators and sleazeballs who have the oil, how else are deals going to get done?

Anybody who thinks any dealing is going to be straightforward in this environment is terminally naive.

11 posted on 04/19/2009 5:09:54 AM PDT by okie01 (THE MAItNSTREAM MEDIA: Ignorance on Parade)
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To: Eric in the Ozarks

I do not disagree with your comment. Ely Calil is a real peson. Interesting read anyway.


12 posted on 04/19/2009 5:11:05 AM PDT by Tainan (Where's my FOF Indicator?)
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To: Tainan

The fish markets look great.


13 posted on 04/19/2009 5:32:00 AM PDT by Eric in the Ozarks
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