Posted at Hartmann Report on Oct. 2, 2026
Did Trump’s Iran War Just Blow a Hole in Big Oil’s Future?
The surest way to escape oil shocks, dictatorial petrostates, and endless energy wars is brutally simple: stop consuming and subsidizing their oil….
The price of oil has come down marginally this past week, largely because the Iranians are letting oil tankers transit the Gulf of Hormuz (presumably in an effort to work out a peace deal with Trump).
Meanwhile, though, the big lesson the world seems to have learned because of Trump’s fiasco — other than that our military is under the control of an irresponsible alcoholic and a narcissist and unreliable wannabe king — is that it’s high time to get off fossil fuels.
