This Brazilian independent journalist digs up much material on the oil wars that powerful and oil-rich nations are presently engaged in. It looks complicated, but more oil is required to power mostly privately owned enterprises. Escobar comments:
Shaded by all these dramatic eruptions, we find some startling data. Iran – and Russia – may sit on an astonishing $45 trillion worth in oil and gas reserves. US fracking is largely a myth. Saudi Arabia may have at best 20 years of oil supply left. It’s all about energy – all the time.And reaches this sad conclusion:
The OPEC-plus-Iran puzzle is far from solved. Only one thing is certain; the future spells out brutal, covert resource wars.