Jim Norman's book The Oil Card: Global Economic Warfare in the 21st Century is one of the most important books you can read to understand the economy and financial markets today.
In The Oil Card, Jim makes the case that a suppressed oil price was the most important strategic variable in bringing down the Soviet Union two decades ago and that engineering an inflated oil price is now being used to keep China in check. The war in Iraq was driven, Jim writes, first and foremost by the importance of keeping the oil price up and China out of a strategic position in the Middle East.
Jim joined us twice on the Solari Report last year (1,2) His knowledge of the energy markets is deep, representing years covering the big picture nationally and globally after mastering the local beat. Jim is one of those rare experts who can integrate the dots between billions in the futures markets in New York, with what that means to politics from Moscow and Beijing to London and Washington, and how that impacts you and me on Main Street.
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