2026-09-18 11:19 UTC
Criticise my theory:
#Iran, #Venezuela, the #USA & #Geopolitics
So much of the world's chaos makes more sense when you step back from the day-to-day words and actions of politicians and look at the broader trends.
As #fracking nears its end, Venezuelan #oil will replace it as the fuel for both the US #economy and petrocorp #profits.
Venezuelan oil is only profitable with higher oil prices, so the Straits of Hormuz stay closed.
Replies (1)
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@therainingmonkey@toot.wales 2026-09-18 11:23
High oil prices hurt "the USA" and its allies, but they hurt "adversaries" more. More importantly, the USA is not monogenous. High oil prices are good for the "investor class", the "donor class" - the classes most likely to have any influence over foreign policy.