Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
How the US uses oil as a geopolitical weapon
37 minutes Posted Apr 30, 2026 at 2:12 pm.
Iran war and oil
Petrodollar
USA is biggest oil producer
US oil exports increase
Oil price skyrockets
Corporate profits rise
Strait of Hormuz
UAE withdraws from OPEC
Abraham Accords
OPEC history
Seven Sisters: Big Oil
OPEC members
OPEC+ participants
Goal of OPEC
State-owned oil companies
Why USA dislikes OPEC
Oil is political
Venezuela economic war
Big Oil execs in US govt
Cuba oil blockade
Energy and food crisis
US "energy independence"
US oil imports
Types of crude oil
US oil refineries
US imports by country
Oil benchmarks
Oil futures market
Price predictions
Economic crisis fears
Outro
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37:16
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Show notes
Oil has been at the center of the war on Iran. Ben Norton explains how the United States became the biggest oil producer on Earth, and how the US empire uses petroleum as a geopolitical and economic weapon, pushing for monopolistic Big Oil corporations to dominate the global market. Ben also discusses why Trump pressured the UAE to withdraw from OPEC, and he debunks the myth that the USA is "energy independent".
VIDEO: https://www.youtube.com/watch?v=gh-E3q6tGEw
Check out our related video on the biggest oil crisis in history: https://www.youtube.com/watch?v=bUdyPJM_rOw
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