Tag: Oil
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Why would Venezuela risk an all-out war?
Amid diminishing American dominance, Venezuela has advanced its territorial claim over Guyana’s oil-rich Essequibo region, marking a shift in the prevailing world order. The move reflects how nations are seizing opportunities to address historic grievances, shifting geopolitics towards multipolarity, as echoed by actions from Russia, China, and Iran. By Timur Fomenko The South American nation…
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Is Israel attacking Gaza for oil and gas?
The Eastern Mediterranean holds significant gas and oil reserves, with disputes over maritime rights posing a risk to extraction. Amid ongoing Israel-Palestine conflicts, companies are hesitant to invest due to high insurance costs. Despite resources being crucial for Palestine’s energy needs, neither Israel’s control of large reserves nor Palestine’s potential reserves are the primary cause…