Skip to main content
Work with the NEU
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.
Similar stories
IN WASHINGTON’S SIGHTS: A man wears shirt with a image of US President Donald Trump during a government-organised rally against foreign interference, in Caracas, Venezuela, Thursday October 30 2025
Features / 11 November 2025
11 November 2025

Western nations’ increasingly aggressive stance is not prompted by any increase in security threats against these countries — rather, it is caused by a desire to bring about regime changes against governments that pose a threat to the hegemony of imperialism, writes PRABHAT PATNAIK

Monica Crowley, White House chief of protocol (obstructed at left) greets European Commission President Ursula von der Leyen, right, upon arriving to meet with President Donald Trump and Ukraine's President Volodymyr Zelenskyy, August 18, 2025
Features / 28 August 2025
28 August 2025

US tariffs have had Von der Leyen bowing in submission, while comments from the former European Central Bank leader call for more European political integration and less individual state sovereignty. All this adds up to more pain and austerity ahead, argues NICK WRIGHT

MARCHING EAST: German soldiers march at the formal inauguration of a German brigade for Nato’s eastern flank Lithuania, Thursday May 22
Features / 29 May 2025
29 May 2025

In the first half of a two-part article, PETER MERTENS looks at how Nato’s €800 billion ‘Readiness 2030’ plan serves Washington’s pivot to the Pacific, forcing Europeans to dismantle social security and slash pensions to fund it

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