Navigating the Shadows of Oil Trading

This chapter explores the complexities of contemporary oil trading, emphasizing the roles of Russian, Iranian, and Venezuelan oil, alongside the emergence of shadow traders in Dubai circumventing sanctions. It uncovers the historical context of U.S. influence in commodity markets and critiques the inaccuracies in peak oil predictions, showcasing the resilience of American innovation. The discussion also connects the Russia-Ukraine war to global commodity dynamics, highlighting the significant impact of commodity trading on international relations and the broader economy.