Read the latest insights and analysis from the experts at Oil Change International.
As long as the global energy system relies on volatile fossil fuel markets, conflicts will continue to drive instability, economic shocks, and corporate profiteering. Fossil fuel companies can rake in profits from this volatility, while households are left with higher bills. The only real path to energy security is a just transition to affordable renewable energy.
Less than two weeks into the assault on Iran, Trump stated on social media that “the United States is the largest oil producer in the world, by far, so when oil prices go up, we make a lot of money.” Nothing says “America First” better than decimating the global economy while boasting about turning a profit.
Trump’s illegal war with Iran has already taken a devastating human toll. It could also mean higher energy bills worldwide, while fossil fuel companies, traders and investors get rich.
