How the US oil empire could squeeze the Gulf
If US President Donald Trump’s plan to control oil production in the Western Hemisphere comes to pass, Washington would oversee more crude than OPEC+.
If US President Donald Trump’s plan to control oil production in the Western Hemisphere comes to pass, Washington would oversee more crude than OPEC+.
Zeteo's Mehdi Hasan outlines Donald Trump's “Donroe Doctrine,” a throwback foreign policy exemplified by the Trump administration’s shocking intervention in Venezuela. With his claims of U.S. sovereignty over nations in the Western Hemisphere, “Trump’s basically saying, 'Well, this is ours, and China, Russia can have their spheres of influence.' And it is very 19th-century-esque. ’Let’s divide up the world between the powers.’” This orientation is a major shift from U.S. foreign policy of recent decades, such as the 2003 invasion of Iraq, when interventionist actions were framed around ideological motivations, explains Hasan. “They said it was WMDs. They said it was democracy. They said it was al-Qaeda. They at least pretended that it wasn’t about the oil.” Meanwhile, Trump is brazen about his aims to seize control of Venezuela’s resources and demonstrate that “might is right.”
Lawmakers may have dismissed the president’s talk of US control of the Danish territory before. After Venezuela, that’s changing.
Trump’s push to remake the US as a petrostate risks backfiring for its energy security, its economy, and the specific interests of oil company shareholders.
The new tax forces companies exporting pollution-heavy goods into the EU to pay for their products’ emissions.
An Elliott affiliate in November won a messy bidding war for Citgo, which had been owned by Venezuela’s state oil company.
Pizzerias were once the second-most common restaurant type in the US.
Amazon and ElevenLabs now each allow readers to generate discussion of characters, plot, or themes with AI bots.
“Paul Singer’s shady purchase of Citgo has everything to do with this coup.”