Tag: natural resources

US will ‘make a ton of money’ from Iran war – senator

The US will control almost a third of the world’s oil and make record profits if it succeeds in toppling the Iranian government, hawkish Republican Senator Lindsey Graham told Fox News on Sunday.

Graham made the comments as global oil prices surged past $100 per barrel, which US President Donald Trump dismissed as “a very small price to pay” for the US-Israeli war against Iran, which was launched on February 28.

Graham described the cost of the attacks as the “best money ever spent,” arguing that the purpose is to prevent the country from developing nuclear weapons – which Iran has denied that it intends to do, insisting that its nuclear program is peaceful.

“When this regime goes down, we’re going to have a new Middle East, we are going to make a ton of money. Nobody will threaten the Strait of Hormuz again,” Graham said, adding that the US will install a “friendly” government in Tehran.

Keep reading

Israel Air Force strikes Iranian oil facilities, military source says

IDF sources confirmed to The Jerusalem Post on Saturday night that the air force has attacked significant oil resources in the Tehran region of Iran.

According to the sources, the oil resources being attacked are directly connected to Iran’s military industrial complex.

It was unclear what distinctions the IDF would make in such attacks regarding differing oil sites, but there was a clear effort by the sources to emphasize the military nature of the sites, which might otherwise be framed as harming Iran’s economic power more broadly, even if a new regime might later take over.

In the past, senior Israeli sources have told the Post that the Islamic Revolutionary Guard Corps has in recent years taken over certain portions of the economy, especially in the oil sector.

Iranian opposition reports indicated that as many as 30 sites might be under attack.

This vector of attack on the Islamic regime‘s power is the newest front after prior attacks on air defenses, ballistic missiles, top Iranian leaders, ballistic missile supply chain locations, and regime repression forces.

Keep reading

Trump’s Venezuela Oil Plan Runs Into Hard Reality

Last week US President Donald Trump announced that Venezuela’s interim authorities will turn over up to 50 million barrels of oil to the United States, before later declaring his administration will control Venezuela’s oil sales “indefinitely”.

Decrying the state of Venezuela’s oil sector, including that the South American country now pumps a fraction of what it used to, Trump said, “We’re going to have our very large United States oil companies — the biggest anywhere in the world — go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country.”

While that sounds like a great opportunity for the US oil majors, it’s one they may want to refuse. Why? Because the oil underneath Venezuela, which has the largest crude reserves in the world, greater even than Saudi Arabia and Iran, is technically challenging to extract and costly.

Moreover, it’s uncertain whether there would a change in the way Venezuela and its oil industry are being run, which presents a huge political risk for companies to return and operate there.

Former President Hugo Chavez nationalized the oil industry in the 1990s, and in 2007, he forced Exxon and ConocoPhillips out, after the companies refused to accept new terms that would give the Venezuelan state oil company, PDVSA, a majority share in their projects.

ConocoPhillips is still owed about $10 billion.

Only Chevron is currently authorized to operate in Venezuela and export crude to the United States.

“Until Caracas has a new government capable of gaining the confidence of international investors and banks, oil companies will be reluctant to make any major commitments,” states a recent Reuters piece.

When Trump met with oil executives last Friday, Exxon’s CEO Darren Woods said, “We’ve had our assets seized there twice, and so you can imagine to re-enter a third time would require some pretty significant changes.”

Trump has said the US government is prepared to provide security guarantees but not money for oil projects.

Keep reading

The Iran War’s Most Precious Commodity Isn’t Oil

The CIA calls it the “strategic commodity” of the Middle East. But it’s not referring to oil or natural gas. What the American spy agency has in mind is far more prosaic: drinking water. Don’t underestimate it, though, because if military hostilities continue to escalate, water could become the geopolitical commodity that decides the war between the US and Iran.

The Persian Gulf is gifted with a fabulous hydrocarbon endowment, worth trillions of dollars. What its desertic countries don’t have is water. From the 1970s onward, the oil money bought a solution: desalination plants. Today, the region relies on nearly 450 facilities to stop everyone going thirsty.

The US Central Intelligence Agency has been briefing American policymakers for decades on the inherent risk of relying on those plants for such a crucial supply. In a secret assessment in the early 1980s — since declassified — the CIA said: “Senior government officials in some of the countries perceive it [water] as more important than oil to the national well-being.”

More than four decades later, not much has changed. Desalination remains a relatively cost-effective technology to transform sea water into drinking water. The downside is the vulnerability of the installations, and the oil and gas consumption required to fire the power generators that run the plants.

About 100 million people live in the countries belonging to the Gulf Cooperation Council — Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman — all now under Iranian attack. Kuwait, Qatar and the UAE are, for all practical purposes, completely dependent on the desalination plants, particularly for metropolises such as Dubai. Saudi Arabia, and especially its capital, Riyadh, also relies heavily on them.

Keep reading

South Florida residents react to Trump administration’s decision to sell Venezuelan oil to Cuban private businesses

People across South Florida are reacting to a major shift in U.S. policy toward Cuba, following the federal government’s announcement that it will allow fuel imports for the island’s private sector.

The Trump administration has given the green light for Venezuelan oil to be sold to Cuba’s private businesses, not the Cuban government. Supporters say the policy could help ease severe shortages that have crippled daily life on the island, while critics fear the Cuban government could still benefit indirectly.

Some residents say, in theory, the plan could offer relief to Cuba’s struggling economy. Others question whether the Cuban government can truly be kept out of the process.

“This really tells me that the Trump administration, particularly the president, is more interested in business than he is in regime change,” said Andy S. Gomez, a retired dean of international studies at the University of Miami.

Others believe the move could help everyday Cubans who have been hit hardest by the country’s worsening crisis.

“If he doesn’t do it, I don’t know that anyone else will,” said Armando Parada.

Still, many remain unconvinced.

Keep reading

Is the Cartel Uprising in Mexico a Pretext for a U.S. Resource Grab?

Coordinated outbreaks of cartel violence have struck parts of western Mexico, particularly in the states of Jalisco, Guanajuato, and Michoacán. According to statements from Mexico’s Secretariat of Security and citizen reports carried by national outlets, armed groups set fire to cargo trucks and private vehicles, blocked major highways linking Guadalajara to Puerto Vallarta, and exchanged gunfire with federal security forces. Authorities confirmed multiple fatalities, including suspected cartel members and security personnel, while local governments urged residents in affected municipalities to remain indoors as a precaution.

Commercial flights at Puerto Vallarta International Airport experienced temporary delays amid road blockades, though federal officials said core infrastructure remained operational. Security analysts described the unrest as consistent with past cartel retaliation tactics designed to demonstrate territorial control rather than sustained combat. Reports of kidnappings, however, such as a group of tourists from Mexico City abducted in Mazatlán, underscore the human toll.

Setup for U.S. Supply Chains?

This turmoil is unfolding against a backdrop of critical mineral production. Mexico holds vast reserves of lithium, silver, and other critical minerals essential for batteries, electronics, and the Western surveillance capitalism economy — think data centers, electric vehicles, and AI infrastructure. The U.S. Geological Survey identifies Mexico as a top producer of eight critical minerals; it is the world’s largest silver producer and boasts untapped lithium deposits in Sonora. CJNG [i.e., Cártel Jalisco Nueva Generación] territories overlap key mining areas, like silver-rich Guanajuato and Jalisco, where cartels extort operations and kidnap workers.

U.S. President Donald Trump’s repeated calls to deploy U.S. military to “sweep away the cartels” may mask deeper concerns about securing supply chains and defending them from China. Echoing historical interventions, such rhetoric recalls propaganda expert Edward Bernays’ campaign in the 1950s, portraying Guatemala’s Jacobo Árbenz as a communist threat to justify a CIA-backed coup over United Fruit Company interests — creating the “banana republic” trope.

Today’s media frenzy over cartel violence, amplified by outlets framing Mexico as a narco-state, could serve as similar propaganda to rationalize invasion. Corruption plagues Mexico, with cartels infiltrating politics. President Claudia Sheinbaum, rejecting Trump’s offers, argued that aggressive tactics against narcos violate legal frameworks and human rights, and prioritized due process over confrontation. Yet, her administration faces criticism for leniency, as violence surges despite claims of restored normalcy. Amid unconfirmed evacuation rumors — amid her appeals for calm — the cartels’ real grip on Mexico could provide the U.S. with a modern “banana republic” excuse.

Keep reading

US Military Boards 3rd Sanctioned Oil Tanker on the Indian Ocean, Pentagon Announces

U.S. military forces boarded a third sanctioned oil tanker on the Indian Ocean after it was tracked from the Caribbean Sea, officials announced Tuesday.

The Pentagon stated that U.S. military forces boarded the Bertha vessel overnight without incident, according to a post on X. Video footage included in the post shows military helicopters flying around the vessel.

“Three boats ran and now all three have been captured,” the Department of War stated. “The vessel was operating in defiance of President [Donald] Trump’s established quarantine of sanctioned vessels in the Caribbean and attempted to evade. From the Caribbean to the Indian Ocean, we tracked it and stopped it. No other nation has the global reach, endurance, or will to enforce sanctions at this distance.”

The post added that the military would continue to “deny illicit actors and their proxies freedom of maneuver in the maritime domain.”

The Bertha, which flies under a Cook Islands flag, is linked to Shanghai Legendary Ship Management Company Limited and falls under sanctions imposed in January 2020, according to the U.S. Treasury Department’s Office of Foreign Assets Control.

Following the capture of Venezuelan leader Nicolás Maduro in Caracas by U.S. forces in January, U.S. Secretary of State Marco Rubio said the Trump administration would move to enforce a quarantine of sanctioned oil tankers operating to and from Venezuela.

Keep reading

ORBÁN FIGHTS BACK: Hungary Blocks $106 Billion EU Loan to Ukraine Until Zelensky Allows Flow of Russian Oil Through Druzhba Pipeline To Resume

Orbán accuses Ukraine of fomenting chaos in Hungary to benefit the Globalist opposition candidate.

This is a conflict that’s raging for months, but now, as Hungarian elections approach, the question of the Druzhba pipeline has come to the forefront of geopolitical tensions between Budapest and Kiev.

The supply of Russian oil to Hungary and Slovakia via the Druzhba (Friendship) pipeline across Ukrainian territory was cut by an attack, causing an explosion that destroyed it.

While in the last few days Orbán and Slovakia’s Robert Fico have retaliated by halting the delivery of diesel and energy to Ukraine, they have now gone a step further, blocking the much-needed EU funds from reaching Kyiv.

Keep reading

Trump’s Greenland Gambit Pays Off

President Trump arrived in Davos with one item on his mind: Greenland.  The goal was to make a bid for the ice-covered landmass, which is so valuable to the United States from both a geopolitical and financial standpoint.  At the crossroads of the Arctic, the great “piece of ice,” as our President endearingly labeled it, is situated at a crucial intersection for trade and military operations.  It can provide a great strategic boost to any superpower which claims it, a reason for President Trump’s strong campaign to acquire it, and on the flipside of that, a reason for Chinese and Russian warships becoming an increasingly common sight off its coastline.

Greenland also has tactical utility: intercontinental missiles from any of the aforementioned nations may use Greenland as a strategic outpost for launching them.  Likewise, drones.  Its close proximity to the United States thus heightens the stakes for modern technological warfare if any of the other powers were to claim it for themselves.  While President Trump may have backed away from deploying troops to acquire Greenland by force, instead resorting to diplomacy, if heaven forbid China or Russia, and not our ally in Denmark, should claim this land for themselves, a military option for acquisition would then not only be revived, but perhaps foregone.

Thus, the strong campaign for Greenland is a rare example of an American leader responding to an evolving world order and mapping out a long term strategy in real time.  While the United States is enjoying something of a renaissance under the second Trump administration, Europe continues to languish.  By every metric, European strength, relative to the United States, depreciated exponentially over the last two decades, a trend forecasted to only accelerate in the years ahead.  Europe and the United States may be partners, but the union forged between them today is not that of co-equals.  President Trump knows this; based on similar principles, he understands that it is no longer realistic for Greenland to be managed by a country that has not been geopolitically significant in at least four centuries.

Then there are the resources.  Greenland, which is more than three times the size of Texas and five times that of California, is teeming with natural riches: from rare earths to precious metals to natural gas.  In this respect, it can be an economic windfall for the United States, a benefit that if annexed for Uncle Sam would accrue to the rest of the world as well.  This is because only the United States possesses the technological know-how and manpower to penetrate Greenland’s rough and lifeless tundra that stretches on for miles.  Denmark lacks the requisite drilling equipment; it also lacks the ability to secure the landmass militarily or otherwise.  Already, it has long managed Greenland in a semi-dependent partnership with the United States and other nations.  It is about time that it abdicates its role to greater powers, recognizing that the United States is the clear regional hegemon, and only it can maximize Greenland’s potential, with its vast mineral resources, and stave off hungry competitors like China or Russia in the process.

Beyond the economic upside, Greenland also symbolizes President Trump’s renewal of the Monroe Doctrine: a reinvigorated United States willing to defend its hemisphere responsibly, with a peace through strength foreign policy approach grounded in realism.  This is a gritty philosophy that aptly recognizes power dynamics for how the world is, not how liberals and globalist technocrats would like it to be.  The ideology of globalism, paired with its promise of a new world order, had long deluded European leaders into thinking borders were no longer necessary, human conflict had been permanently abolished, and that Europe could indefinitely profit off American industry, goods, and services, while never having to pay anything remotely close to a fair share in return.

Keep reading

The Critical Minerals Trade: The Illegal Route Connecting the Amazon with China

A complex network of actors has emerged around the critical minerals of the Amazon. Some operate along contested river corridors, trading with guerrilla groups and corrupt security forces. Others, under a façade of legality, move massive quantities of material through large port cities connected to international trade routes. Together, these operations endanger the environment and the sovereignty of entire nations.

The grayish-black sand and small stones sifted from river sediments and dug from pits across the Amazon hold little recognized value for local communities. Yet these materials are rapidly shipped abroad, where Chinese refineries process a wide variety of minerals and rare earth elements. 

In Venezuela, much of the mineral output is first collected in centers operated by the Venezuelan Mining Corporation (CVM). Collection hubs for cassiterite and coltan in Los Pijiguaos and Morichalito, two nearby towns in the state of Bolívar, were established in 2023, after the Venezuelan government designated cassiterite, nickel, rhodium, titanium, and other rare-earth-related minerals as strategic resources for exploration, extraction, and commercialization. 

Keep reading