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Yeah that's why we can be 30 trillion dollars in debt as a country, yet the value of our currency doesn't change. USD isn't linked to just our economy, the us dollar is tied to OPEC oil, since everyone needs USD to buy oil from the middle east.
In 2000 Sadam Hussain decided that Iraqi oil would be sold in Euros instead of USD. By 2003 the United States had killed him, and installed a new government. This new government immediately reverted back to selling oil in USD, against the advice of every financial advisor due to USD's decline in value
I'm not big on conspiracies but William R. Clark wrote a great book petrol dollar warfare and IMO it's worth reading.
I liked this book. I’m sure there are newer/better sources, and this book predates 2001 I think, but gives the reader a fairly good insight into oil politics and foreign policy.
More to your question - Afghanistan has no oil fields of consequence and the elected Iraqi government sold oil leases to Total (French) and Shell (Dutch) after the war. They’ve since developed some fields on their own. No American oil company had extracted oil from Iraq.
But America has hundreds of energy companies and I wouldn’t doubt some of them worked contracts though companies that are lease holders or the Iraqi government.
Let's make a list of countries that do not (entirely) or considered not trading in the petrodollar
Russia (bad guys!)
China (bad guys!)
Iran (bad guys!!!!!)
Venezuela (RIP)
Libya (RIP)
Iraq (RIP)
The US Dollar hegemony is real make no mistake. 9/11 was merely an excuse to take military action and secure petroleum resources. We have none other than Dick Nixon to thank for this foreign policy. Furthered by the scum of the Earth Cheney the fucking dredge. despicable.
I listened to Rachel Maddow's book,<em>Blowout</em>
This was a great account of the rise of Russian Oligarchs and the role played by western banks.
The basic reason is that "green" technologies like wind and solar power are unreliable. Obviously the wind doesn't blow all the time and the sun doesn't shine all the time so the energy output will be highly variable which is a huge problem. To augment the lulls you will need extra reliable (non-green) capacity, you will have to rapidly fluctuate between different energy sources the net result being a less resilient grid and higher energy prices. Solar and wind are parasitic forms of energy - they cannot be relied upon themselves and are only usable at all because they are propped up by reliable sources like fossil fuels, nuclear and hydro power. Trying to power a civilization with them would be suicide.
The best book I can recommend on this topic is Alex Epstein's The Moral Case for Fossil Fuels. It's a great read for thinking rationally about climate/energy issues and goes into great detail on the drawbacks of "green" energy. He also has written/spoken a lot about the questions you're interested so those would also be well worth looking into.
Go read the book Kochland and you'll tell me calling him a fascist is the most polite description of this creep. He's a criminal and a murderer
Because the crime was bullshit most likely, the us depuis of justice has an history of using bogus corruption accusation to extort money to competitors of american compagnies.
https://www.amazon.ca/American-Trap-Americas-economic-against/dp/1529326869
For what it's worth, energy independence is a bit of a myth. Some years we do produce enough barrels of oil to satisfy our demand, but it's not the way the international market works for us to just use that. It's always going to be exported and imported and international effects will therefore always affect our prices. I strongly recommend this book if you're interested in the subject https://www.amazon.com/Private-Empire-ExxonMobil-American-Power/dp/0143123548
>The US has no record of opposing EU expansion
Reminds of the Alstom case and the book The American Trap: My battle to expose America's secret economic war against the rest of the world
https://www.amazon.com/American-Trap-Americas-economic-against/dp/1529326869
Die USA sind von den genannten dreien die einzigen, die einen aufstrebenden Wettbewerber mit allen Mitteln zerstören werden. Wolfowitz-Doktrin, kann man im konkreten Beispiel schön nachlesen bei Pierucci's American Trap.
> all Americans irrespective of their origin country should support America in its geopolitical pursuit. This concept is universal. You support your country no matter what!
So americans should support military aid to pakistans war with india? support the war in Afghanistan? War in Iraq? War in yemen? War in syria? Support stealing companies by force? Support the Vietnam War? Support the kuwait war? Support the native American genocide? Support the Mexican cession? Support the Iranian coup? Guatemalan coup? Congolese coup? Chilean coup? Nicaraguan coup? Honduran coup? Haitian coup? El Salvadoran coup? Bolivian coup?
Just because we don't want china's to be America's next victim, doesn't mean we support the PRC over America.
It's quite rare for peer-reviewed papers to get something wrong by an order of magnitude ;) If you add the CAPEX and 50 times the yearly OPEX, you get 7.7+1.3x50=72.7€/kWh, which is in line with your range.
Some analysts like Ramez Naam and Tony Seba were much closer to the truth. The former has a whole paragraph about the IEA, which is more generous than my criticism. What I found shocking about the IEA is how they kept predicting a flat deployment of solar, while it clearly became exponential years ago. There's something fundamentally wrong with their analysis.
Other organizations like Shell, Exxon and the Australian government also have net-zero plans. They involve stuff like reforesting an area the equivalent of Brazil, and environmentalists don't take them seriously.
Almost no country that makes their wealth through oil is able to stay uncorrupt- there's a great book called Blowout that goes into detail on this. There are so many billions (even trillions) at stake that the unethical just rise to the top easily.
No.
>Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth
https://www.amazon.com/Blowout-Corrupted-Democracy-Destructive-Industry/dp/0525575472
>~~Your~~ Washington post's article ~~relates~~ is about grand jury transcripts and it also mentions national security
My mother did an LLD regarding the US legal system and its intricacies unknown to most. Ninety-nine percent of what she discovered was unknown even to most American lawyers.
If you want to learn more, read this book: https://www.amazon.com/American-Trap-Americas-economic-against/dp/1529326869
Get ready to have your mind blown away..... Frédéric Pierucci now consults on what he has learned first hand during his involuntary "stay" at a high-security US prison. If I hadn't lived through my mom's four year research about the US legal system, I would have NOT believed a word in Mr. Pierucci's book.
To expand on this consider that from the viewpoint of OPEC countries that oil, though technically a commodity, functions as a sort of sovereign currency whose supply can be restricted or increased at will. To get a bit more abstract, dependency on oil is little different than being a subscriber state in a federal system. As in all MMT, users of a currency are virtually powerless to the sovereign currency controller and just as Greece and Italy had a crisis with the euro circa 2008 because they couldn't restructure their debt the US of the 70's couldn't restructure it's energy dependence when oil got squeezed. Well, not without an overthrow of the currency controllers at least (and it's not far fetched to see the gulf war as a not subtle message to OPEC that if they tried the big oil squeeze again we might be sending those patriot missiles their way next time).
Now imagine an alternative scenario where the powers that be decided that instead of cranking up interest in a misguided notion that to save the economy we must first destroy it had instead applied the concept that a sovereign currency can always repay it's debts and borrowed heavily putting people to work creating alternative and renewable energy sources and replacing gasoline cars with EV's, technology that was readily available even if primitive. Some short term inflation would remain, but no stagnation.
However the main consequence would be that fat cat oil executives would lose their shirts. And that, truly was and remains a consequence that we're not willing to accept. Worth a read: https://www.amazon.com/Prize-Epic-Quest-Money-Power/dp/1439110123?ref_=d6k_applink_bb_dls
If you have a real interest in energy, the legacy of oil and how we got here, read this book. It is superb. The author is a historian, a real one, and the history is simply incredible. It’s not a like or dislike thing simply the impact of this commodity on our lives for generations.
https://www.amazon.ca/Prize-Epic-Quest-Money-Power/dp/1439110123/
Van egy teljes könyv írva az Exxon dolgairól: https://www.amazon.com/Private-Empire-ExxonMobil-American-Power/dp/0143123548/ref=sr_1_1?keywords=exxonmobil&qid=1646594633&sprefix=exxonmobil%2Caps%2C220&sr=8-1
Elolvastam és sok erkölcsileg megkérdőjelezhető projektje és húzása volt az Exxonnak és nagyon jó amerikai állami kapcsolatai. De az összes többi olajcég is ugyanezt csinálja, ugyanis szinte mindig konzorciumban dolgoznak a nagyok (Exxon, Chevron, BP, Shell, Total, stb.), így megosztják a kockázatot. Illetve sok nagy olajcéget is támogatott a saját kormányuk (BP-UK, Shell-Hollandia, Exxon, Chevron - USA, stb.) Sokszor háborús területeken dolgoztak diktátorokkal az amerikai kormány támogatásával például, sok kockázatos dolgot csináltak.
De tegyük a kezünket a szívünkre: egy Facebook vagy egy Google sokkal jobb náluk erkölcsileg?
Amit még tudnotok kell, hogy az olajipar nem csak üzemanyagként van jelen az életünkben, hanem nagyon sok műanyagban, gyógyszerekben, fogkrémben, gumiban, aszfaltban, sokan nem is tudják, én sem tudtam, hogy teljesen körülvesz minket, mindenhol ott van szó szerint.
Érdemes az IEA meg a BP évkönyveit és előrejelzéseit olvasgatni, hogy mi várható. Az Exxon elkezdett zöldülni, meg a többiek is, de nagy kérdés, hogy ez csak green washing (úgy tesznek, mintha zöldülnének), vagy valós akarat.
Amíg meg az egész emberiség rá van állva az olaj, földgáz és ezek származékainak használatára, addig nem várható nagy változás, hiába hangosak a zöldek, akiknek igazuk van, de jelenleg nincsen alternatíva nagyon sok helyen az olaj és származékok kiváltására.
Like all things in life, it is not so cut and dry.
There are proponents of the idea that Iraq was invaded not for the literal oil reserves (though that was perhaps a consideration), but because Saddam Hussein was moving to using Euros instead of Dollars for the exchange of oil, and was highly successful at it. This threatened US hegemony in the region, as oil has always been traded in dollars since stagflation in the 1970s. This was a result of agreement between the Saudis and the Americans, who essentially control OPEC.
Here's a book on it: https://www.amazon.com/Petrodollar-Warfare-Iraq-Future-Dollar/dp/0865715149
Why Japan attacked Pearl Harbor. You'll find the answer in this book. I have been reading history books as a hobby for the past 10 years and this one changed my entire worldview.
> Japanese perspective
I can recommend some books on Japanese history if you want but, like most things in the world, you may not be able to appreciate them until its the right time. For example, the movies I HATED as a 17 year old became my favorite movies when I rewatched them again at the age of 27.
> I'll continue to hold my beliefs.
Of course. That is your prerogative.
> I mean what was he thinking
Pretty simple thinking as far as strategy goes. An enemy's enemy is my friend.
> I always thought US was never imperialistic
Reaffirms my point that US propaganda machine is the greatest on this earth. The entire north and south American continents before 1620 were like India; pagan, polytheistic societies. The US quite literally committed a genocide of aboriginals in their westward expansion. Even Hitler was inspired by what White Europeans (who's descendants we call Americans today) did to Natives of what is today USA.
Frankly, I always tought the meng whengzou case was extremely dubious. It seemed a lot like the objective of the americans was to use meng whengzou as an hostage to either extract a large financial settlement from huawei or have an excuse to close them the american market. there are other instances where the american used the same tactic against Siemens and Alstom.
https://www.amazon.fr/American-Trap-Americas-economic-against/dp/1529326869
Discovering oil in the Middle East came after oil was an established global business... oil companies were looking for new sources outside of the US and Russia (among other places).
The Prize by Daniel Yergin is a pretty comprehensive history of the business... lots of names, lots of places, lots of details, a lot like the Dune universe. https://www.amazon.com/Prize-Epic-Quest-Money-Power/dp/1439110123
we are not seeing anything like the oil shocks in the 70s.
https://www.amazon.com/Prize-Epic-Quest-Money-Power/dp/1439110123
read that book if you really want the full history of oil, but the price of oil in the 70s more then quadrupled. the only asset that really rose anywhere near the level of oil in the 70s is lumber, and its already come well off its peak. things are more expensive, and some asset prices have risen, but people really need to understand the difference between a rapid 20% rise in value (housing) and a 4x rise. theyre not the same.
meng wenghzou was not the first, the same thing happened to the Alstom and Siemens. you might like this book :
https://www.amazon.com/American-Trap-Americas-economic-against/dp/1529326869
As much as I dislike the CCP, im also thinking it could be a good thing that the americans have a bit of competition in the hegemon department, it might push them to treat their allies with a bit more consideration.
California's problems are actually 100% due to Republican privatization and deregulation of the power grid over there.
The Koch brothers companies were heavily involved in the decimation of the grid over there by exploiting the "free market" rules over there.
Kochland the book is really insightful regarding it all.
Nach Tony Sebas Clean Disruption of Energy and Transportation und wenn ich mich richtig erinnere kommt er auf rund 2$ pro kWh wenn man eben die Risiko-Versicherung für AKWs mit einbeziehen würde.
Rachel Maddow mentions this in her book <em>Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth</em>:
>Three nuclear explosion experiments were intended to stimulate the flow of natural gas from "tight" formation gas fields. Industrial participants included El Paso Natural Gas Company for the Gasbuggy test; CER Geonuclear Corporation and Austral Oil Company for the Rulison test;[13] and CER Geonuclear Corporation for the Rio Blanco test.
>The final PNE blast took place on May 17, 1973, under Fawn Creek, 76.4 km north of Grand Junction, Colorado. Three 30-kiloton detonations took place simultaneously at depths of 1,758, 1,875, and 2,015 meters. If it had been successful, plans called for the use of hundreds of specialized nuclear explosives in the western Rockies gas fields. The previous two tests had indicated that the produced natural gas would be too radioactive for safe use; the Rio Blanco test found that the three blast cavities had not connected as hoped, and the resulting gas still contained unacceptable levels of radionuclides.[14] Wikipedia - Project Plowshare
Do you believe the the left has abdicated the whip all that time?
Do you believe left-wing talking heads don't have all the same books?
I fully acknowledge that the right wing uses the whip when they can. I only stopped at Obama for the sake of brevity. But the idea that it's been one-sided is laughable. If you feel like it has, check your bias.
they will have to buy it with dollars.........https://www.amazon.com/Petrodollar-Warfare-Iraq-Future-Dollar/dp/0865715149
> I’ve always thought that if cryptocurrency actually achieved critical mass and became a significant portion of economic activity governments would be compelled to take heavy regulatory control.
I also agree that this will probably happen. I just finished rereading a book called <em>The Prize</em> by Daniel Yergin about the history of the oil industry. One of the most interesting things about it was watching the transition of the oil industry go from being a very speculative enterprise (very similar to how bitcoin is now!) to becoming the realm of big business, and from there, entering the realm of geopolitics and nation states.
Bitcoin is in the process of transitioning from speculation to big business, although there are some geopolitical vibes going on as well. See that business with Iran taking bitcoin for oil exports. Also, I don't think it's a surprise China is promoting bitcoin now considering how much bitcoin mining is done there.
> governments would be compelled to take heavy regulatory control.
This is where our worldviews might part ways, however. You think of nation states as being able to tame bitcoin. However, sovereign states can be very fragile under the right circumstances. Just think of the USSR. It was a superpower, but it dissolved in economic collapse. There's a lot of governments in debt right now and there are even people questioning the US dollar. If the US dollar were ever to fail, crypto might end up being an essential part of the post dollar world.
This sounds hard to imagine, just like the peaceful collapse of the USSR seemed impossible. But the amazing thing is that crypto allows for currency and monetary policy to exist that is independent of any government. If that gains widespread traction, who knows?