EPISODE · Sep 4, 2025 · 1H 34M
Palestine, Petrodollars, and the Climate: The Converging Capitalist Crisis with Adam Hanieh
from Dilemma Podcast · host Jay Shapiro
In this conversation with political economist Adam Hanieh, we trace the deep connections between fossil fuels, finance, Palestine, and the climate crisis. From his formative years in Ramallah during the Second Intifada to his current research, Hanieh explains how oil became the invisible substrate of modern life, how Gulf petrodollars built today’s US-dominated financial order, and why Israel and the Gulf monarchies emerged as twin pillars of American power after 1967. We explore the global shift of oil toward China, the enduring grip of the dollar system, and why the liberation of Palestine must be understood as inseparable from struggles for climate justice and decolonization.Become a member to support my work and join the members only livestream where we can share ideas, critiques, responses, or other observations about our strange world. Final Sunday of each month. See you there!My interview on BettBeat Media on Israel, Zionism, Gaza, philosophy and more: • Jay Shapiro EXPOSES the Truth About Israel... Crude Capitalism by Adam Hanieh here: https://www.versobooks.com/products/2...Petrodollar Explained by Explains 101: • America's Most Powerful Weapon Is Not Nuke... 00:00 Monthly Members Only Live Stream Announcement02:00 Coming up...02:34 Before Thoughts / “Our Analog World” and the Power of Oil12:30 From The Second Intifada to the Petrochemical Question15:38 The Ubiquitous and Invisible Age of Oil, The Substrate of Everything21:53 Western Capitalism, Colonialism, and the World Wars27:58 The Gulf States Become the “Oil Deposit That Matters”32:58 Post WW2 Anticolonialism and What Went Wrong in The Gulf States38:49 OPEC and an Attempt to Take Control of the Upstream41:08 Israel Works Itself Into the Region And Proves its “Value” in 196746:20 How Petro Monarchs Maintain Control52:09 Why Wasn’t Israel a Problem?56:58 The ‘73 OPEC Crisis, the Petrodollar System, and the Financial Structure Today1:08:06 Currency Wars, Climate Change, and China’s Rise1:16:00 The Sovereign Wealth Funds of the Gulf and The Arms Trade1:19:01 Israel and America’s Entangled Dollar Dominated Interests1:24:40 Disincentiving Fighting Climate Change1:28:35 Climate Justice and the Moral Horror of Palestine1:32:49 After Thoughts / Petrodollar Explained recommendation / HowTheLightGetsInFor more from Jay visit whatjaythinks.com
What this episode covers
In this conversation with political economist Adam Hanieh, we trace the deep connections between fossil fuels, finance, Palestine, and the climate crisis. From his formative years in Ramallah during the Second Intifada to his current research, Hanieh explains how oil became the invisible substrate of modern life, how Gulf petrodollars built today’s US-dominated financial order, and why Israel and the Gulf monarchies emerged as twin pillars of American power after 1967. We explore the global shift of oil toward China, the enduring grip of the dollar system, and why the liberation of Palestine must be understood as inseparable from struggles for climate justice and decolonization.Become a member to support my work and join the members only livestream where we can share ideas, critiques, responses, or other observations about our strange world. Final Sunday of each month. See you there!My interview on BettBeat Media on Israel, Zionism, Gaza, philosophy and more: • Jay Shapiro EXPOSES the Truth About Israel... Crude Capitalism by Adam Hanieh here: https://www.versobooks.com/products/2...Petrodollar Explained by Explains 101: • America's Most Powerful Weapon Is Not Nuke... 00:00 Monthly Members Only Live Stream Announcement02:00 Coming up...02:34 Before Thoughts / “Our Analog World” and the Power of Oil12:30 From The Second Intifada to the Petrochemical Question15:38 The Ubiquitous and Invisible Age of Oil, The Substrate of Everything21:53 Western Capitalism, Colonialism, and the World Wars27:58 The Gulf States Become the “Oil Deposit That Matters”32:58 Post WW2 Anticolonialism and What Went Wrong in The Gulf States38:49 OPEC and an Attempt to Take Control of the Upstream41:08 Israel Works Itself Into the Region And Proves its “Value” in 196746:20 How Petro Monarchs Maintain Control52:09 Why Wasn’t Israel a Problem?56:58 The ‘73 OPEC Crisis, the Petrodollar System, and the Financial Structure Today1:08:06 Currency Wars, Climate Change, and China’s Rise1:16:00 The Sovereign Wealth Funds of the Gulf and The Arms Trade1:19:01 Israel and America’s Entangled Dollar Dominated Interests1:24:40 Disincentiving Fighting Climate Change1:28:35 Climate Justice and the Moral Horror of Palestine1:32:49 After Thoughts / Petrodollar Explained recommendation / HowTheLightGetsInFor more from Jay visit whatjaythinks.com
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Palestine, Petrodollars, and the Climate: The Converging Capitalist Crisis with Adam Hanieh
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