Episode 1774 • • 59:05 - 1:03:13
1774: Leave it to Bibi
Wolfowitz Doctrine, Global Oil Markets and Inflation
The 1992 Wolfowitz Doctrine established the U.S. goal of preventing any hostile power from dominating regions critical to American interests, specifically the Persian Gulf. Control over these regions is vital for stabilizing global oil and gas prices. U.S. planners fear that a united cartel of Russia, China, and Iran could manipulate energy costs to trigger catastrophic global inflation.