What War in Ukraine means for Energy & Money | Frankly by Nate Hagens

Hence, the severe restrictions in the flow of oil though the Strait of Hormuz, resulting from the recent US-Iranian attacks, may be seen as a stark rehearsal for the consequences of a severe shock in the global oil supply, as might be experienced from a “peak oil” crisis, with volatile price spikes and supply chain disruptions.

This is the paradox both Saudi Arabia and the UAE are now navigating. The grey war they are waging — economically, culturally, through regional proxies — is a race to secure the post-oil future before the other does.

After the financial crash of 2008-9, I started to discover tools and ideas that I thought were promising, but discrete and disconnected. But they’re not: they can be (and are being) used together to form networks that have the potential to grow exponentially to challenge the status quo – to build a commons economy, a commons society, a commons world.