Are the proxy wars in Ukraine and the Mideast about propping up the failing US dollar and world hegemony?

Yes, probably, but with a caveat.

In a world that is experiencing resource depletion and most probable peak oil, what will be the most valuable resource in the near future?

World War III will be about oil and gas. It's all about energy, the lifeblood of world economies, and those who would be king of the world.

Attribution: Pixabay

Let's take the Ukraine war from a cynical view.

Despite a full-press pressure campaign by the West, OPEC cut their production by twice as much as expected. What I find interesting is the reaction in Washington.

Something is wrong with our sanctions policy against Russia..

On Wednesday, the Russian ruble closed 6.6% higher against the US dollar at 66.30 — its highest level since March 2020, according to Reuters' records.

Yesterday I pointed out how the Biden Administration is now talking to the legitimate government of Venezuela, a government that Washington doesn't actually recognize, in order to get their oil flowing again.
Today the spin started.

Technically the U.S. still considers Juan Guaidó the President of Venezuela, despite the fact that he never even ran for the office of President, nor holds an elected office of any kind, and only has a 15% approval rating.

In 2000, Iraq switched away from selling oil for dollars, to selling oil for Euros. Then we went to war with Iraq.

Syria is trying to build a competing pipeline to oil to the European market. So we went to war in Syria.

In 2019, Venezuela and Iran created petro cryptocurrencies to use for oil trade. Now we're going to war with Iran. I suppose Venezuela was a little too close to home for an actual invasion, but we came close, didn't we?

President Trump recently said the quiet part out loud.

From the very start, Trump had no issues abandoning the Kurds, but ending the embargo on Syria's oil was another story.