Pepe Escobar August 24, 2021 At one point last week, the price of a barrel of crude oil — which had risen as high as $147 last July and, with the global economic meltdown, hit a low of $32 in 2009 — rebounded above $51. Prices at the local gas pump are expected to rise as well in the coming weeks. However, given a worldwide falloff in oil use, these price jumps may not hold for long. Still, cheap or not, oil and natural gas (as well as coal) are what drives global civilization, and that’s clearly not going to change any time soon. Originally posted on Tom Dispatch on March 24, 2009 That, in turn, means the major powers are going to be no less eager to secure key energy reserves and control the flow of energy in bust times as they were in boom times, which is where Pepe Escobar comes in. In a...