Trump is winning his war for oil while the whole world roots against him
President Donald Trump’s supposed weekslong war on Iran has now trudged into months, but while it’s hard to say whether he’s winning his war over the country’s suicidal dictatorship, it’s becoming increasingly clear that, against all odds and a concerted, anti-American psy-op, the White House is winning its war for oil independence.
TL;DR
- Oil flows through the Persian Gulf have risen to two-thirds of pre-war levels, with significant transit occurring despite escorts and alternative pipelines.
- The U.S. is currently receiving over half a million barrels per day of crude oil from Venezuela, with plans for further investment and production increases.
- Global oil futures have not consistently exceeded $100 since summer, and U.S. oil futures trade at a discount compared to global ones.
- The article attributes lower Chinese oil imports to economic fundamentals and discounted sanctioned oil purchases, not a benevolent policy.
- The war for American oil independence is presented as a success, with potential for gas prices to decrease further.