For the United States the Oil War is not one of choice, but a desperate move to maintain its world oil monopoly, hoping to obtain from abroad the affluence that it no longer is producing at home. Michael Hudson continues his series Creating a New International Order.

Control over oil is one of its key methods for achieving unipolar control over the world’s broad trade and dollarized financial arrangements. America’s military attack on Venezuela and abduction of President Maduro is the most recent example of this.