Comment by tdeck
7 days ago
Sounds like an opportunity for some lucrative contracts to go to US companies, while forcing the new Venezuelan government to foot the bill.
7 days ago
Sounds like an opportunity for some lucrative contracts to go to US companies, while forcing the new Venezuelan government to foot the bill.
Which would happen anyway because only US companies are (maybe) capable of extracting Venezuelan crude at a profit.
Interesting to keep reading the narrative about the supposedly worthless Venezuelan oil here. So worthless that the US has to block sales with an embargo and is starting a war over it, apparently.
It's not a narrative, it's a fact you can easily verify by accessing the internet using the device in front of you.
The idea that oil in Venezuela is particularly attractive to anyone is patently absurd. Crude oil prices are already at uncomfortable levels for producers with significantly higher margins, and the situation isn't going to get any better.
>and is starting a war over it
Anyone who in 2025 still blindly believes what Donald Trump says is an idiot. And even if that were true, you'd still be an idiot for assuming that Trumps motivations are grounded in reality.
2 replies →
OK, but the other piece of international aggression in the news recently was yesterday, when Trump promised that the US would "come to the rescue" of protestors in Iran if the regime starts killing them. Possibly this and Venezuela are related, and oil is involved, but in a strategic way rather than any immediately rewarding treasure-seeking.