Comment by fsckboy

the Venezuelan oil leases you are talking about was 1990s, not 1970s.

for Venezuelan oil leases to be comparable to wind farms you'd have to have the Venezuelan govt say "we are taking the leases away because we don't want any more offshore oil production", rather than "we are taking these leases away because you are rich and we want to pump the oil ourselves"

the cancelled Venezuelan oil leases were a taking, but that word is less useful in the case of wind farms. I would imagine firms with wind farm contracts would be made whole (i.e. get back lost investment, but not get back potential profit) but it's not a case of the wind farms being given to somebody else or those areas being put to some other use.

if you are "environmental" you might think it's a great loss not to pursue the wind approach, or that it's a great idea to shut down offshore drilling, but that's political not property ownership/taking.