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How the Iran war reveals the extent of fossil fuel propaganda • Louisiana Illuminator
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supersquirrel sopuli.xyz supersquirrel@sopuli.xyz
Joined: 2023-12-09
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“What the Trump administration has done with regard to the Inflation Reduction Act—and it’s both a policy and rhetorical war on electric vehicles in particular, have done tremendous damage to consumers,” Jacquez said.

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MerryJaneDoe lemmy.dbzer0.com MerryJaneDoe@lemmy.dbzer0.com
Joined: 2026-03-15
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Article summary: THIS JUST IN: TRUMP LOVES OIL, HATES CLEAN ENERGY

Yeah. We know.

I'm very disappointed that the term "petrodollar" is not used anywhere in this article, because the concept of a petrodollar explains (at least partially) why Trump has done what he's done.

Saudi Arabia has a deal with the U.S. They have agreed to trade only in U.S. dollars. By protecting that deal, Trump protects the U.S. dollar as the international currency of choice.

Any article about the oil trade and/or Gulf nations should mention this. It's a foundation of U.S. foreign policy. And, while it's an underhanded way to exert disproportionate control over global energy markets, it benefits the U.S. consumer greatly. It keeps the value of the dollar high, even as U.S. manufacturing dies.

In a just world, this arrangement would never have happened. But it did happen. If the petrodollar disappears tomorrow, there will be even more misery and hardship for working class Americans. Imperialism should be dismantled carefully, lest the innocent be crushed beneath it.

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