Michael Hudson: BREAKING: G7 Taps Strategic Oil Reserves—Trump Removes Export Restrictions

Dialogue Works · Oct 2, 2026 · 53m

Explore the escalating global energy crisis and the geopolitical strategies driving it. Despite the G7 releasing strategic reserves, experts warn this is merely a band-aid masking a severe, manufactured diesel shortage. The US administration is deliberately blocking energy exports from Iran, Russia, and Venezuela to force global dependence on American oil and extract political concessions from Europe. With refineries destroyed and reserves depleting, what happens when these fixes run out? We also examine how this energy weaponization accelerates the push by the Global South, BRICS, and the…