I just happened to be reading this article about a reset for Offshore Wind:
Riviera - Opinion - Offshore wind industry set for a reset (rivieramm.com)
Toward the end is a revealing passage for anyone interested in whether wars and revolutions have anything to do with controlling the oil price:
"Until the Russian invasion of Ukraine, the oil and gas industry was on its knees. Now, the oil price has risen, and the industry has been through its own reset."
Do the math on that. The war is supporting high oil prices. It’s also about controlling an area of natural gas fields, and it has also resulted in blowing up a gas pipeline to Germany, and the EU now buying more expensive Liquified Natural Gas from the U.S., brought in by recently-built LNG ships.
Coincidence? Seems like a lot of factors went together there to control not only prices, but who gets to sell oil and gas. I know, I know, too much for you kids to think about…
I would also mention that it’s well-understood by many that the fall of the Soviet Union was brought about by increased oil production around the world, which dropped prices, eventually bankrupting the Soviet Union.
Oil prices are tightly controlled, by limiting supply. Recently, Saudi Arabia has reduced output by around 2 million barrels per day. That is to address an expected worldwide economic slowdown. Oil prices seem stabilized around $80/barrel. Imagine an industry that produced that much of ANYTHING! Per DAY! Millions of barrels PER DAY!