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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump: "They took all of our oil from not that long ago and we want it back. But they took it. They illegally took it.
oil oil oil drip drip drip
Trump has started another American war for oil this time in Venezuela. He is not hiding the real reason why he is attacking Venezuela.
"They took all of our oil from not that long ago and we want it back. But they took it. They illegally took it."
Link to tweet
?s=20
NJCher
(43,176 posts)And nobody knows how to stop him.
surfered
(13,492 posts)Igel
(37,540 posts)But still, an oil company had made investments and was licensed to exploit a rather large oil field.
With no real warning, the equipment was nationalized and the deal voided.
Now, Venezuela has control over its resources, to be be sure. At the same time, it also should honor its contractual obligations and make right things like nationalization. Which is why an international court awarded the oil company a $7.5 billion (or was it $8.5 billion) judgment that the Venezuelan government just sniffed at in compliance with international law. (That wasn't the only large judgment made against the seizure contra contracts made by Venezuela.)
In a sense it's been Venezuela's oil straight along. At the same time, in a sense Venezuela contracted away most of its rights to a bunch of that oil then just decided to renege on a whim.
NJCher
(43,176 posts)Its crappy oil, but thats not so relevant at this point.
Was the company Chevron?
Also, if this is the case, trumps invasion and capture of a president is a totally inappropriate response to the situation.
travelingthrulife
(5,196 posts)a country.
mwmisses4289
(4,202 posts)Edited to add: this is probably the only honest thing this idgit has said in his life.
2nd edit: Not that Venezuela illegally took "our" oil, but that he wants it. Toddler mentality: what's mine is mine and what's yours is mine, too.
travelingthrulife
(5,196 posts)travelingthrulife
(5,196 posts)chowmama
(1,096 posts)The petroleum companies own Texas oil. You know, the companies that Citizens United allows to run things by giving huge amounts of money to politicians. The oil actually goes to the highest bidder, who is usually not us.
If Trump really wanted to MAGA, he'd nationalize US oil. And encourage Canada and Mexico to do the same.
Kid Berwyn
(24,426 posts)Best friends, likethis they was.