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

Topics

0:00 Iran war and oil

0:36 Petrodollar

1:52 USA is biggest oil producer

3:39 US oil exports increase

4:32 Oil price skyrockets

5:03 Corporate profits rise

5:37 Strait of Hormuz

6:30 UAE withdraws from OPEC

7:31 Abraham Accords

8:37 OPEC history

9:14 Seven Sisters: Big Oil

11:01 OPEC members

12:13 OPEC+ participants

13:18 Goal of OPEC

14:25 State-owned oil companies

15:12 Why USA dislikes OPEC

16:56 Oil is political

17:18 Venezuela economic war

19:06 Big Oil execs in US govt

20:55 Cuba oil blockade

22:29 Energy and food crisis

23:36 US "energy independence"

25:06 US oil imports

26:12 Types of crude oil

27:26 US oil refineries

28:47 US imports by country

30:36 Oil benchmarks

32:47 Oil futures market

33:53 Price predictions

36:04 Economic crisis fears

37:02 Outro