LaRouche PAC Gives London-Centric Perspective on Status of Mid-East Oil Economics
Barbara Boyd gives her perspective on the latest developments and President Trump policy intersects with the Iran conflict and the Mideast oil disruption.
According to the latest information from the region, some ships have begun navigating the Strait of Hormuz despite the conflict. It is reported that Iran is charging a $2 million fee for safe passage, however those reports are not officially confirmed.
Mrs Boyd notes the Arab nations have historically -and recently- remained under the control of the British, and President Trump has fractured this financial control system. While there is an obvious historic reference to that relationship, I’m not as convinced the connective tissue is as deep as ¹claimed in the modern era (last 20 years). WATCH:
In the modern era, thanks to technological advancement and strategic policy (even before Trump), oil and gas development and use has increasingly become regional. Oil dependencies and the trade partnerships are now associated more with refinement capacity than simply global commodities. Not all oil is created equal.
In the “producers and users” chart below, you can see the origin of regional production and import relationships. The oil supplies from the middle east flow mainly to China and Asia. The oil from Russia is the current wildcard.
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