Corinne Nita
1 min readApr 9, 2023

--

Perfectly articulated. Energy, in every sense, fuels war. From WWI to now, empires fought to gain control of oil and pipeline developments.

US oil production peaked in the 70s and decreased until the shale revolution, but the US already invaded Iraq, Libya, and attacked Syria before realizing natural gas extraction would replenish the diminishing resource.

Upon discovering LNG potential, the US intentionally influenced oil prices and sanctioned Venezuela for nationalizing the resource yet increased Russian imports to replenish the gap. The US recently backflipped on its stance toward Venezuela and attempted to mend ties, but it burnt that bridge. The US' ad-hoc approach to strategic planning is diabolical.

LNG fed US demand, but oil and gas companies sought bigger markets and profits. Trump attempted to coerce the EU into importing a minimum supply annually, but it refused, and Trump sanctioned the Nord Stream II construction.

I don't know what the US did to piss off Saudi Arabia, but it has turned its back on the US, and the economic pain will hit the West hard.

There's a great book that covers global pipelines. Here's a link: https://followthepipelines.com/

--

--

Corinne Nita
Corinne Nita

Written by Corinne Nita

We need the social with the science to call it economics.

Responses (1)