>“Donald Trump’s Venezuela venture is a very different story,” Krugman wrote on his Substack. “During his triumphalist press conference after the abduction of Nicolás Maduro, Trump never used the word ‘democracy.’ He did, however, say ‘oil’ 27 times, declaring, ‘We’re going to take back the oil that, frankly, we should have taken back a long time ago.’”
>“Even so, whatever it is we’re doing in Venezuela isn’t really a war for oil,” Krugman continued. “It is, instead, a war for oil fantasies. The vast wealth Trump imagines is waiting there to be taken doesn’t exist.”
>Krugman argued that while Venezuela has the world’s largest known oil reserves, it was because heavy oil was reclassified as “proved” oil. He cited economist Torsten Slok, who previously wrote that most of the oil “is extra-heavy, which has low recovery and a high cost to produce.”
Super-Bodybuilder-91 on
So once again… Trump proves that he is an idiot and everyone gets to suffer as a result.
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>“Donald Trump’s Venezuela venture is a very different story,” Krugman wrote on his Substack. “During his triumphalist press conference after the abduction of Nicolás Maduro, Trump never used the word ‘democracy.’ He did, however, say ‘oil’ 27 times, declaring, ‘We’re going to take back the oil that, frankly, we should have taken back a long time ago.’”
>“Even so, whatever it is we’re doing in Venezuela isn’t really a war for oil,” Krugman continued. “It is, instead, a war for oil fantasies. The vast wealth Trump imagines is waiting there to be taken doesn’t exist.”
>Krugman argued that while Venezuela has the world’s largest known oil reserves, it was because heavy oil was reclassified as “proved” oil. He cited economist Torsten Slok, who previously wrote that most of the oil “is extra-heavy, which has low recovery and a high cost to produce.”
So once again… Trump proves that he is an idiot and everyone gets to suffer as a result.
Oil, rare earth minerals, agricultural products, fresh water, cocain… Chump needs more cocain.
Nah someone told Don about the Monroe Doctrine and he came up with his own Donroe.
I am sure in a vacuum it sounded like a great plan.. Expected outcome when surrounded by yes men.
They’re solidifying the drug trade .
Don’t fucking steal. Venezuela does not belong to the United States.
It pays to buy a president if ya can…