Could Venezuela become the pillar of the new petrodollar?

From the report

In recent days and weeks, the midterm elections in the United States have taken all the spotlight. And for good reason. The Trump administration suffered a crushing defeat, pushing the president dangerously close to a potential impeachment as the DNC took control of the US Congress. Some “red” states turned “blue” after a century under the GOP, resulting in tectonic shifts in American politics. Trump’s unpopularity stems from a combination of factors, but it could be argued that the US aggression against Iran was critical. Apart from losing the conventional conflict and repeatedly threatening to use thermonuclear weapons, Donald Trump’s actions also caused energy price hikes that hundreds of millions of Americans felt at gas stations and on their energy bills. They voted accordingly, resulting in perhaps the most humiliating elections in Republican history.

Obviously, this is not to say the Democrats have better policies. On the contrary, they’re pretty much infested with neoliberal extremism and moral degeneracy, making them far more damaging to American society, especially in the long term. However, voters effectively wanted to punish Trump and it could be argued they voted against the GOP, not necessarily for the DNC. His unpopularity was well known to virtually everyone, as his public approval hovered around 35% for months, particularly after he attacked Iran earlier this year. As someone who spent decades in the media, it’s virtually impossible Trump didn’t know about the consequences of his decision to escalate in the Middle East. He’s not the most sophisticated of people (mildly speaking), but he certainly doesn’t lack the intelligence to understand this.

This begs the question – why did the US do it? Why go into a war that’s effectively lost before it began? It could be argued that Trump was emboldened by the kidnapping of Maduro, which resulted in the fall of Venezuela. Such an operation was certainly a massive strategic success for Washington DC, as it secured the world’s largest oil reserves for (neo)colonial exploitation. However, the Pentagon must’ve known that such a victory wouldn’t be possible in Iran, which has a massive ballistic missile and drone arsenal. Some of us predicted the US would lose years before the failed attack. Iranian long-range precision strikes devastated the American military infrastructure across the Middle East, while the war itself heavily disrupted global energy supply lines, resulting in price hikes and shortages. The Trump administration certainly knew that would happen.