Tag: Oil

U.S. president Joe Biden sits in a sports car. He is wearing sunglasses and smiling.

Biden to OPEC: “Drill, Baby, Drill!”

In the wake of increased fuel prices in the United States and fears of inflation, Biden has called on OPEC to increase oil production. But this is a devil’s bargain that will incentivize further destructive fossil fuel use, making the transition to renewable energy much more difficult.

Soldiers walking in field

Armenia and Azerbaijan: On the Brink of War Again?

The clashes in the separatist region of Nagorno-Karabakh in Azerbaijan could turn into a full-scale conflict involving other regional powers. With economic, health, and ecological crises rising worldwide, geopolitical conflicts and capitalist aggression will also increase.

Trump Threatens War with Iran for Oil

The price of oil has been collapsing, and last week it reached negative values. Trump’s threats to Iran were enough to cause a rebound in prices. But the effects were short-lived. They expose Trump’s return to “America First” politics in the midst of the pandemic and crisis, signaling the rivalries and competition between powers in the coming period.

The Plunder of Venezuela’s Oil

International corporations are trying to pillage Venezuelan oil, taking advantage of the economic catastrophe ravaging the country. Plans for privatization are supported by the Maduro government and the right-wing opposition.

U.S. president Joe Biden sits in a sports car. He is wearing sunglasses and smiling.

Biden to OPEC: “Drill, Baby, Drill!”

In the wake of increased fuel prices in the United States and fears of inflation, Biden has called on OPEC to increase oil production. But this is a devil’s bargain that will incentivize further destructive fossil fuel use, making the transition to renewable energy much more difficult.

Soldiers walking in field

Armenia and Azerbaijan: On the Brink of War Again?

The clashes in the separatist region of Nagorno-Karabakh in Azerbaijan could turn into a full-scale conflict involving other regional powers. With economic, health, and ecological crises rising worldwide, geopolitical conflicts and capitalist aggression will also increase.

Trump Threatens War with Iran for Oil

The price of oil has been collapsing, and last week it reached negative values. Trump’s threats to Iran were enough to cause a rebound in prices. But the effects were short-lived. They expose Trump’s return to “America First” politics in the midst of the pandemic and crisis, signaling the rivalries and competition between powers in the coming period.

The Plunder of Venezuela’s Oil

International corporations are trying to pillage Venezuelan oil, taking advantage of the economic catastrophe ravaging the country. Plans for privatization are supported by the Maduro government and the right-wing opposition.