Ever since the Rockefellers gave up selling snake oil to get into plain old crude oil, the petrochemical mafia has been transforming the world in its own image. From the destruction of America’s streetcar infrastructure to the countless wars of aggression in oil-rich areas around the world to the creation of the “petrodollar” in the wake of the Bretton Woods collapse, the world’s political and economic fate over the past century has depended more on this “black gold” than most people ever imagine. In this week’s subscriber newsletter James breaks down five recent stories from the oil markets that tell us something about the world we’re living in and where the oil-igarchs plan on taking us.

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