Labels

Thursday, May 7, 2026

The petrogas-dollar - by No1 - Gold and Geopolitics

 

Richard Medhurst’s Newsletter
How the US Pulled off an Armed Robbery of the World's Energy Supply and Created the Petrogas-Dollar
It’s tempting to believe that the US war machine is finished. Militarily, Iran have indeed dealt the US their worst humiliation in modern history — one I covered in clinical detail…
Read more

Three people sent me Richard Medhurst’s petrogas-dollar piece this week. I read it. Twice even.

There’s a lot in there that I feel is correct.

The chronology of the Levantine Basin deals. Cheney’s 2001 National Energy Policy. The roughly $35 billion of Chevron contracts signed across Israel, Syria, Greece, and Cyprus in the past six months.

None of that is in dispute.

The piece is, on the facts, broadly accurate.

What I think though is that the reading of those facts is faulty.


https://no01.substack.com/p/the-petrogas-dollar?publication_id=4094764&utm_campaign=email-post-title&r=y7h5a&utm_medium=email