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The Dig: Petro-Imperialism with Timothy Mitchell Part II

Jacobin Radio

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The Geopolitics of Oil and Arms

This chapter explores the evolving distribution of oil revenues, emphasizing the growing power of nations like Saudi Arabia and Iran over multinational corporations. It critiques U.S. military spending in the Middle East and the strategic motivations behind involvement in conflicts such as the Iran-Iraq War, revealing a complex web of regional ambitions and corporate interests. The narrative ultimately challenges the conventional wisdom about oil-driven conflicts, suggesting that military contractors and a desire for instability play crucial roles in shaping U.S. foreign policy.

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