Biggest oil crisis in history: The REAL reason why gasoline is so expensive

Gasoline prices are skyrocketing, breaking records, after the US war against Iran caused the biggest oil supply disruption in history. Ben Norton explains the geopolitical and economic reasons for the energy crisis, including the closure of the Strait of Hormuz and disruption of the Bab al-Mandab Strait, sabotage of the Saudi East-West Pipeline, Ukraine's attacks on Russian refineries and diesel storage depots, China's reduction of crude imports and renewable energy policies, and falling global oil reserves.

VIDEO: https://www.youtube.com/watch?v=aTSgA8qwIZ8

Topics

0:00 Largest oil crisis in history

1:30 Price of gasoline skyrockets

2:03 Diesel prices break records

3:07 US midterm election approaches

3:59 Inflation and Donald Trump

5:09 Fed raises interest rates

5:49 US bond market problems

7:13 Trump is unpopular, and desperate

8:19 Saudi oil pipeline attacked