Skip to main content

US imperialism: the wounded beast strikes out for oil in Venezuela

Oil is indispensable for US capitalism. Black gold is their vital sap. All of their lavish and unsustainable American Way of Life is based on the consumption of petroleum. It is the country of the world that consumes the most hydrocarbons daily: 20 million barrels per day. The country that follows, the People’s Republic of China, barely reaches half of this figure: 10 million barrels per day. Between their immeasurable industrial base, the monumental quantity of individually owned automobiles and their means of mass transport that mobilize their population and the gigantic military apparatus at their disposition (plus a strategic reserve, calculated at 700 million barrels), their thirst for this element is insatiable.

The petroleum business is in fact one of the biggest in the world: the second after the military industry (35 thousand dollars per second spent on arms). The US oil companies, all private, are among the largest in the planet: mega-monsters of global scope, such as Exxon-Mobil (the fourth company at the world level), Chevron-Texaco, Conoco-Phillips, Amoco, Bush Energy, Oxy, and some other lesser ones (Koch Industries, Apache Corporation, PBF Energy, Alon USA), all have multimillion-dollar sales, and to a large extent they determine the foreign policy of Washington.

One might say that the history of the United States is the history of oil: of that in their subsoil (60% of their daily consumption) and of that in the subsoil of other countries, that the ruling class of the nation still appears to consider their own, with the slight difference–an “awkward detail”–that it is not within their borders. Why does the geopolitics of the United States put so much emphasis on the Middle East and the Persian Gulf, or more recently–from the Bolivarian revolution onwards–on Venezuela? Because that is where the greatest reserves of black gold in the world are. And because, although they are not in their own subsoil, they consider them their own.

There are two reasons for which the imperial policy of Washington reeks of petroleum (and of arms: their military-industrial complex is the first business of their economy). On the one hand, because they need to continue maintaining their provision of black gold as the indispensable oxygen of their capitalist economic system (their industrial base, the whole huge field of petrochemicals, the world of the automobile, of transport in general–air, land, sea–, their military apparatus, the space race... all depend, directly or indirectly, on oil). Ensuring their access to oil (40% of their consumption comes from the exterior), it maintains their living standard, and, fundamentally, it ensures that the mega oil companies that manage this fabulous business cannot fail.

A significant fact: the present Secretary of State, Rex Tillerson, was formerly the Executive Director of the mega oil company Exxon-Mobil; likewise, the ex-Secretary, Condoleezza Rice, used to be a distinguished member of the directorate of the Chevron oil company. What does this mean? That the high-level policy of the White House does not greatly distinguish between a decision-making public official and the high-ranking staff of their global corporations; in reality, they are practically the same. Who is running whom?

Full article:

Comments

Popular posts from this blog

Pro-Trump capitalists fire the first serious warning shot in Capitol

globinfo freexchange In June, 2020, we wrote that, the whole picture indicates that all these far-right militia groups together with a significant part the US police force are forming a loony army of Trump defenders, driven by racism, ultra-conservative ideas and far-right extreme conspiracy theories. These fanatics have become so loyal to their leader - who happens to be the President of the United States - that they will do whatever it takes to see him in charge for another four years. As Trump's popularity has taken a downturn, his "brigades" are ready to take action in case he loses November's election. Especially if he loses marginally. Previously, we explained that, what we see now in the United States with Trump, is a counter-attack by the part of the American capital against the globalist faction. The faction that is primarily consisted by the liberal plutocracy . Therefore, as the capitalist class splits, the capitalists around Trump are now taking with the

The DNC mafia is about to complete the process of assimilation of the progressives, exactly as predicted

globinfo freexchange   Since already July 2018, we identified an immediate mobilization by the corporate media in the US to force the progressive wing of the Democratic party comply with the DNC neoliberal norm. In the specific example , we analyzed how the corporate pundit forced the new star of the progressive wing, Alexandria Ocasio-Cortez, to literally declare loyalty to the DNC corporate "chief-baroness" Nancy Pelosi. After that, we saw an unexplained and bizarre contribution of both Bernie Sanders and Ocasio-Cortez to the establishment pro-McCain 'litanies'. In this totally unnecessary self-recruitment for the McCain's legacy whitewash operation, Cortez retreated unconditionally and the establishment marked a second victory against her. As we had mentioned , the corporate media will focus mainly on pushing progressives to be 'swallowed' by the current DNC establishment in order to destroy the political revolution of Bernie Sanders. Yet, it is expect

George Monbiot got it half-right: There is a capitalist civil war, but not exactly the kind of war he describes

by system failure  Since at least July 2019, we were supporting the idea that Brexit is primarily the result of a capitalist civil war. Very few people (mostly in social media), were eager to accept this theory, while several were even mocking it as some kind of crazy conspiracy theory.    What puzzled us most, was the fact that even people from the global real Left were completely ignoring the capitalist-civil-war factor in Brexit equation during public debates. Many of them were seeing Brexit mainly as an angry response by the UK working class against the political and financial elites. We thought it would take forever to find someone from the Left to support the capitalist-civil-war theory.   Finally, at last, it was George Monbiot who spoke clearly about a capitalist civil war. And not only that. He correctly supported (as you can hear in the beginning of his analysis) that " The only way really to understand Brexit is as the outcome of a civil war within capitalism. " 

Venezuelan Foreign Minister on why Juan Guaidó wasn't arrested & the Left's revival in Latin America

The Grayzone   As Venezuela elects and swears in a new National Assembly Red Lines host Anya Parampil sits down with the country's Foreign Minister, Jorge Arreaza, in their latest conversation since the US launched its coup attempt against his government in January of 2019. They discuss the impact of US regime change policy on Venezuela's domestic political situation, why Juan Guaidó has not been arrested, hope for diplomacy with the incoming Biden Administration, the left's resurgence in Latin America, and more. 

The real reason corporate America fights Chinese high-tech giant Huawei so hard

globinfo freexchange   The short answer that comes immediately in mind is: competition.    Indeed, Huawei had been found frequently at the epicenter of Trump's "holly" trade war against China. Someone should expect this since Silicon Valley oligarchs see the Chinese high-tech giant rapidly penetrate into the global market, claiming bigger and bigger portion of the market pie.   As we reported previously, the US imperialist machine openly called Western allies (and particularly the UK), to sabotage China's economic and technological penetration in its Western sphere of influence, through a Foreign Policy article. According to the article, the UK appears to be the most suitable, among the US allies, to lead the race against China's 5G infrastructure deals with Western countries. In essence, it called the UK to play a leading role in sabotaging China's and Huawei's deals with the UK itself and other Western countries.   Also, according to MintPress , &

Assange verdict: Statements from WikiLeaks, Assange's partner, Reporters Without Borders & more

acTVism Munich   These statements were recorded by the "Don't Extradite Assange" campaign. acTVism Munich has republished it today because of the lack of coverage of these statements in the local media landscape, as well as to foster understanding of the Julian Assange case.  

Assange wins - The cost: the crushing of Press Freedom

by Jonathan Cook   Part 2 - A moment of celebration   We have contributed collectively in our various small ways to win back for Assange some degree of freedom, and hopefully a reprieve from what could be a death sentence as his health continues to deteriorate in an overcrowded Belmarsh high-security prison in London that has become a breeding ground for Covid-19. For this we should allow ourselves a moment of celebration. But Assange is not out of the woods yet. The US has said it will appeal the decision. And it is not yet clear whether Assange will remain jailed in the UK – possibly in Belmarsh – while many months of further legal argument about his future take place. The US and British establishments do not care where Assange is imprisoned – be it Sweden, the UK or the US. What has been most important to them is that he continues to be locked out of sight in a cell somewhere, where his physical and mental fortitude can be destroyed and where he is effectively silenced, encouraging

UN expert: crippling US sanctions on Syria are illegal and hurting civilians

The Grayzone   An independent United Nations expert is calling on the US to lift its crippling sanctions on Syria. Under the Caesar Act, US sanctions explicitly target Syria's reconstruction in the aftermath of a catastrophic 10-year war. Alena Douhan, the UN Special Rapporteur on the impact of sanctions, says that the US sanctions are illegal and depriving Syrian civilians of their basic needs.  " People shouldn't die, people shouldn't suffer, and people shouldn't fear whether they can survive after tomorrow, because they have neither medicine or food, because of the sanctions applied, " Douhan says.

Apr 2020 picks

April 1st 1957: the day Western mainstream media officially became masters of propaganda through a seemingly innocent April Fools' Day joke    Varoufakis claims that the innermost circle of the Greek PM owns shares of vulture funds connected with the non-performing loans of Greek banks   COVID-19 demonstrates that capitalism has outrun its historical tolerability      As Bernie drops nomination, progressives are left with only one political option: the Green Party    Biden's lame attempt to lure Bernie supporters fails miserably    How Bernie Sanders could still become president    We have come now to the point where an entire class of society has been designated "expendable"   Best evidence so far for the fact that Biden would start a war with Iran, just like Trump   

UK judge justifies CIA spying on Assange citing debunked CNN report based on… CIA spying

UK judge Vanessa Baraitser justified CIA spying on Julian Assange by citing a falsehood-filled CNN report. Her judgment highlighted corporate media’s enthusiastic role in a state-sponsored assault on press freedom.   by Ben Norton   Part 2 - UK judge casts doubt on US spying on Assange while simultaneously justifying it   The Grayzone has published several investigations into the US government spying operation that targeted Julian Assange when he was trapped in the Ecuadorian embassy. The Spanish company hired by Ecuador to provide security, UC Global, was secretly working with the CIA, providing the US spy agency with 24/7 video and audio surveillance that covered almost every inch of the diplomatic building, including even the women’s bathroom. Max Blumenthal demonstrated that the CIA presided over this illegal spying ring with the help of a company owned by billionaire Republican mega-donor Sheldon Adelson, a close ally of President Donald Trump and former CIA Director and Secretar