Sanctions Or Not, Putin’s Oil Fueled War Chest Continues To Grow

There is a vicious circle of warfare that has had oil at its center for decades. Anyone looking for an oil angle on the biggest conflicts of recent history will not have to search far.  Oil is what filled the war chest of Saddam Hussein. It’s what filled the war chest of Muammar Ghaddafi in Libya, and it’s what is fueling Vladimir Putin’s invasion of Ukraine.  Those were not wars attempting to grab oil; they were wars funded by huge amounts of fossil fuels that gave autocrats and dictators the power they needed to go…