Skip to main content
Gifts from The Morning Star
Oil, natural gas and capitalism
War in Ukraine and the Middle East plays into the hands of the US oil and natural gas imperialists, warns ZOLTAN ZIGEDY
[Boyd Norton / Documerica / Creative Commons]

THE great powers — the leading players in the imperialist system — have always required a source for the energy to drive their economic engines. They needed energy resources to build and empower their military might; they needed energy to grow their national economies and power their vessels of trade and transport. Indeed, their socio-economic systems would have collapsed without ample and available energy sources.

At the dawn of the capitalist industrial era, that source came mainly from coal. Coal powered the machines that grew the productivity of labour to great new heights. It is reasonable to think that only those countries with easy access to coal could then become great capitalist powers.

Beginning at the turn of the last century, oil — an abundant, efficient, and easily stored and transported energy source — became essential for the exercise of economic and military might. As modes of transport became dependent upon petroleum products, an intense rivalry was stoked for access to oil, often found in more remote areas of the world, far removed from the great urban centres of the great capitalist powers.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
OF THE PEOPLE, FOR THE PEOPLE: Democratic mayoral candidate Zohran Mamdani, right, and Attorney General of New York Letitia James walk in the NYC Pride March last Sunday
Features / 4 July 2025
4 July 2025

The prospect of the Democratic Socialists of America member’s victory in the mayoral race has terrified billionaires and outraged the centrist liberal Establishment by showing that listening to voters about class issues works, writes ZOLTAN ZIGEDY

Tents are set up along a freeway in a homeless encampment, May 12, 2025, in Los Angeles
Features / 27 May 2025
27 May 2025

In 2024, 19 households grew richer by $1 trillion while 66 million households shared 3 per cent of wealth in the US, validating Marx’s prediction that capitalism ‘establishes an accumulation of misery corresponding with accumulation of capital,’ writes ZOLTAN ZIGEDY

Confetti and flowers are dropped from a military helicopter
Opinion / 1 April 2025
1 April 2025
The transformation of a stable secular state into a fractured ruin largely ruled by Western-backed fundamentalists exposes the hollow nature of ‘multipolarity’ and the absence of principled anti-imperialism today, writes ZOLTAN ZIGEDY
The AFL-CIO headquarters
Features / 9 January 2025
9 January 2025
ZOLTAN ZIGEDY reflects on the lessons from two books looking at the US labour movement and the recent history of spontaneous mass uprisings – and finds two pernicious ideologies working against the interests of the people
Similar stories
ARMS INDUSTRY: Soldiers pose for the media during
the presen
Features / 11 April 2025
11 April 2025
Despite the US withdrawal from Ukraine and economic self-harm from sanctions, European centrists maintain their bellicosity to justify military spending and distract from neoliberalism's failures, writes PRABHAT PATNAIK
Prime Minister Sir Keir Starmer with French President Emmanu
Features / 7 March 2025
7 March 2025
CARLOS MARTINEZ condemns Europe’s failure to develop genuine autonomy from US hegemony, as leaders like Starmer and Macron cling to a declining imperial order rather than building good relations with the emerging powers
United States Vice-President JD Vance, right, shakes hands w
Features / 12 February 2025
12 February 2025
The EU and Nato are umbilically tied – but what will the new Trump era and a reconfiguration of US interests mean for the war in Ukraine, asks VINCE MILLS