Comment by mapontosevenths
6 days ago
You may be wrong about the oil industry, Trumps already saying it in between the lies/pretense about drugs.
"Trump says that the US is going to be "strongly involved" in Venezuela's oil industry moving forward." [0]
https://www.bbc.com/news/live/c5yqygxe41pt?post=asset%3Aea9f...
(Permalink, since it's on the second page of the live thread now.)
This live format is kind of irritating. Here's another one:
> He claims the oil business in Venezuela has been a "bust", and that large US companies are going to go into the country to fix the infrastructure and "start making money for the country"
https://www.bbc.com/news/live/c5yqygxe41pt?post=asset%3A27af...
Certainly I may be wrong. By the moment I just find it hard to believe that Taiwan has been traded for Venezuelan oil.
I mention Taiwan because I think it is the only currency that could make the Chinese government give up those barrels of oil without retaliating.
You made the mistake of believing that Trump is more than a zero step thinker. Many do.
The fact is, his tactics and plans end where his nose does.
Many of his advisors are capable of planning, but there are times he just doesnt listen to them and lets whatever heavy metals are in the spray tan do all the thinking. See January Sixth for one example that got people killed. See USAID for another.
So much evidence to suggest this.
No reason to think there will be follow up investments or even follow up thoughts.
On the one hand, I agree. On the other hand, I don't think this administration would have bothered to talk to China at all. I don't think they need to.
China isn't giving up any barrels of oil. It's a global market. If Venezuela is selling 5 million bbl per day to China, and it stops selling to China, someone else will start buying it. Since they are now buying 5 million bbl per day from Venezuela, that means they are buying 5 million bbl / day less from their existing suppliers. China will buy that oil.
We'll know soon enough then.