Comment by padjo
7 days ago
So Trump has now explicitly said that US companies are going to take over the Venezuelan oil industry. So much for not credible.
7 days ago
So Trump has now explicitly said that US companies are going to take over the Venezuelan oil industry. So much for not credible.
Trump says a lot of things which aren't remotely credible. WTI price is under $60 and going down. The last thing they need is more crude supply into the market lowering the benchmark price even lower.
It doesn’t have to be a good idea for it to be their rationale. They have stated it publicly to the media a few hours ago and you refuse to believe, how utterly bizarre.
Their stated rationale also doesn't have to be their true rationale. For example, it's hard to believe that this is about oil rather than the headlines for Trump.