President Donald Trump says his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost.
not really, this “deal” covers fields that are untapped or in heavy disrepair. will take years of infrastructure buildoit to exploit and it’s unlikely any serious capital will be rushing to do that, as historically when the US has done this to venezuela…after the admin switches hands they just nationalize that infrastructure and go back to business as usual.
this is just venezuela leadership telling trump and co. “sure…whatever, now leave us alone” in the hopes they’ll fuck off get distracted by something else until being replaced by a sane actor shortly.
same as every other deal of supposed investment with the US, UK/South Korea etc. agree to some stupid figure in a half-assed promise for trump and co. to parade on headlines. then they forget you exist and fuck off
So he’s stealing 65 billion barrels of oil from Venezuela. And he’s probably threatening them with war and death if they don’t “sign on”.
not really, this “deal” covers fields that are untapped or in heavy disrepair. will take years of infrastructure buildoit to exploit and it’s unlikely any serious capital will be rushing to do that, as historically when the US has done this to venezuela…after the admin switches hands they just nationalize that infrastructure and go back to business as usual.
this is just venezuela leadership telling trump and co. “sure…whatever, now leave us alone” in the hopes they’ll fuck off get distracted by something else until being replaced by a sane actor shortly.
same as every other deal of supposed investment with the US, UK/South Korea etc. agree to some stupid figure in a half-assed promise for trump and co. to parade on headlines. then they forget you exist and fuck off