567: Follow the Oil w/ Dr. Anas Alhajji

567: Follow the Oil w/ Dr. Anas Alhajji

July 12, 2026 · 54 min

About this episode

The episode discusses the complex relationship between oil, geopolitics, and investing, highlighting historical events and current trends.

One of the first lessons you learn as an investor is that the headline is rarely the whole story. The same is often true in history. Take the so-called "October Surprise" of 1980. The theory—which remains debated today—is that members of Ronald Reagan's presidential campaign may have secretly encouraged Iran to delay the release of 52 American hostages until after the election, denying President Jimmy Carter a potential political victory just days before Americans went to the polls. The hostages were, in fact, released on the very day Ronald Reagan was inaugurated. Whether the theory is true or not isn't really the point. The point is that major geopolitical events often have layers of motivation that aren't obvious in real time. If there has been one recurring force behind international politics over the past century, however, it has been energy. From the rise of the Middle East as a strategic region to the oil embargo of the 1970s, the Gulf Wars, and the ongoing struggle for control of critical shipping lanes, oil has repeatedly shaped alliances, conflicts, and foreign policy. Yet those motivations are often overshadowed by the political narratives that dominate the news cycle…

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