Trump Thinks US Oil Is His Strength When It’s His Achilles’ Heel

Trump Thinks US Oil Is His Strength When It’s His Achilles’ Heel

Headlines abound about the massive surge in US shale oil production. The energy independence-cheering punditocracy hail this as a great victory. This includes President Trump. And it would be if this surge in production was built on financially stable ground. But it isn’t. The fracking industry continues to bleed massive amounts of cash. As I…

Russia Warned That America’s “Golden Age” Might Lead to “Energy Colonialism”

Russia Warned That America’s “Golden Age” Might Lead to “Energy Colonialism”

Igor Sechin, the CEO of Rosneft and one of the most powerful people in Russia, isn’t jumping on the Alt-Media bandwagon of speculating about America’s supposedly imminent demise but is instead warning that it might actually be about to enter a “golden age”, albeit one that could very easily lead to “energy colonialism” all across…

Oil and Global Rivalry

Oil and Global Rivalry

At the UN General Assembly in 2018, Austrian Foreign Minister Karin Kneissl broke an unwritten taboo by talking about oil and war. “The recent wars imposed on the Middle East were…fought in the name of oil. Now Syria is a victim of the instability created by all these wars.” For decades, petroleum issues (related to both…

The Mysterious “Sabotage” of Saudi Oil Tankers: a Dangerous Moment in Trump’s Escalating Conflict with Iran

The Mysterious “Sabotage” of Saudi Oil Tankers: a Dangerous Moment in Trump’s Escalating Conflict with Iran

Saudi Arabia’s claim that two of its oil tankers have been sabotaged off the coast of the UAE is vague in detail – but could create a crisis that spins out of control and into military action. Any attack on shipping in or close to the Strait of Hormuz, the 30-mile wide channel at the entrance to the Gulf,…