It may well be safer, easier and cheaper for US companies to procure whatever oil the US economy needs at home

It may well be safer, easier and cheaper for US companies to procure whatever oil the US economy needs at home

There are a few reasons that Donald Trump – now self-anointed acting President of Venezuela, as well as the United States – might be so excited about appropriating Venezuela’s oil.

Trump may be counting on some boost from cheap oil to the US economy: he is obsessed with the price of gas. As the midterm elections approach, he has become concerned about unemployment. Deeply imprinted memories of scarcity during the oil crises of the 1970s may prime his belief that cheap oil cures it all.

The US president may also consider Venezuelan oil as an easy source of cash, either for the US government – to add to the tariff bonanza that he implausibly claims is being paid by foreigners – or for his own personal stash, which he may want to diversify away from crypto.

    • StinkyFingerItchyBum@lemmy.caEnglish
      1·
      2 months ago

      I don’t follow you at all. All producers wants high prices. Not so high to crush demand, but otherwise as much as they can. A limited resource with a time clock on its exploitability due to climate change and inexpensive source exhaustion. They all want to make bank while the sun shines.

  • BarneyPiccolo@lemmy.today
    2·
    2 months ago

    He could make all my gas free, and I would still vote against him, and cheer as he gets tossed in prison for the rest of his life.