Comment by acdha

> The US has no use for Venezuelan oil. The US is sitting on a vast reserve of relatively good quality oil and is pumping as much as the global markets can handle.

First, our oil tends to be better for making gasoline but worse did asphalt or diesel, so there is a market for Venezuelan oil replacing Alberta’s.

Second, this is what the man himself has been talking about. He spent weeks going on about the nationalization in the 70s–and note how much of his worldview is stuck half a century ago when he was young—and in the first interview today he said this: “We’re going to have our very large US oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country and we are ready to stage a second and much larger attack if we need to do so. So we were prepared to do a second wave.”

There are reasonable arguments about how much this is really worth but one thing we’ve learned is that he doesn’t do subterfuge or misdirection well. If he’s talking about making the world safe for Exxon, I’d bet that he believes it.