So why are we intervening in the Middle East?
“Oil extraction is soaring at shale formations in Texas and North Dakota as companies split rocks using high-pressure liquid, a process known as hydraulic fracturing, or fracking. The surge in supply combined with restrictions on exporting crude is curbing the price of West Texas Intermediate, America’s oil benchmark. The U.S., the world’s largest oil consumer, still imported an average of 7.5 million barrels a day of crude in April, according to the Department of Energy’s statistical arm.”
Why aren’t prices lower?
“The shale production story is bigger than Iraqi production, but it hasn’t made the impact on prices you would expect,” said Blanch. “Typically such a large energy supply growth should bring prices lower, but in fact we’re not seeing that because the whole geopolitical situation outside the U.S. is dreadful.”
It’s news like this that should make more and more people realize our adventures in the Middle East have less to do with “American Interests” with each added day. If you included invading countries for oil control “American Interests”. I believe this new round of intervention in the Middle East is more about our ally Israel. In truth, the list of reasons for the last round begins with Israel. The difference this time is it will be sold as such. It won’t be a hidden agenda. No masking this time. In true 1984 fashion, America has to fight in the Middle East because America has always fought in the Middle East.
The world is a scary place when the liberal narrative (partially correct I might add) that the War in Iraq was fought for oil is no longer relevant. We have truly moved into a new stage in the struggle to keep imperial control of the Middle East.
The Age of Blowback.