the oil and oil money [the GOP-dominated federal government has] seized from [Venezuela] is “one of the largest assets to ever go on the U.S. balance sheet.” Billions and billions of dollars.
…Did Trump take the oil and the money from the oil? Bessent refuses to say. Trump refuses to say. Nobody, in fact, in the Trump regime will tell us where that money is or who controls it or even who’s making the money accrued on its interest.
From what I’ve read Venezuela’s oil has absolute dogshit quality and is even worse to get out of the ground. So my theorys are:
It’s to cut Canada off. American refineries are set up to refine a blend of light sweet American oil and heavy crude from the Canadian tar sands. Refitting them takes forever so they’re stuck buying our oil.
The US is trying to crush our economy to make us a vassal state. But they’re reliant on importing our crude. Venezuelan crude is exactly what they need to cut us off.
We have no way to refine our oil or even ship it to the refineries we do have. That’s why Carney is trying to build a pipeline. But investing in expensive oil infrastructure at this point of the climate apocalypse is such a stupid move.
Everything Trump does is just so deeply optimised to end the world it’s hard to believe he’s trying to achieve anything else.
Huh, yeah, that seems like a sane take. But still incredibly stupid on the US side since it is also incredibly expensive to build the drilling and transport infrastructure.
Feels kinda like a loose - loose (a win in my book if it gets us away from oil tho)