Response to a Friend’s Facebook page/post.
OH well. So much ado about the U.S. “wanting” Venezuela’s oil. As though America hadn't been doing the oil thing? In the Middle East, from 1908, 1913, 1927, 1938: Iran, Iraq, Saudi Arabia, Kuwait. Standard Oil and Texaco (which gave birth to Aramco, which is now sole Saudi-owned), Exxon (Jersey Standard), Pacific Coast Oil/SOCAL (Chevron), and Mobil (Socony Vacuum) were the earlier oil diggers, along with BP (then Anglo Persian Oil Co.) from the UK. Much later came Getty Oil. Etc.
To get the "takeover" via partnership with the host country done, "arms for oil" dominated bilateral deals. But there's gotta be wars. So there you go.
Meanwhile, in Venezuela (#1 in proven oil deposits albeit mismanaged) the intrigue is, I believe, U.S. oil giants are wrestling among themselves who'd get a better stance in (state-owned) PDVSA. Chevron is already there or back in Caracas (since 2019 when Don and Nic were cool). And since China buys more than 80+ percent of Venezuelan oil, pricing is an issue. China also buys majority of Iran's oil (and oil from Russia, Saudi Arabia, and Iraq) as world's #1 oil importer. So the drama isn't as simple as another hate-Trump pitch.
Another fact: Have the Cartel de los Soles or Tren de Aragua already weeded out of PDVSA? Most likely, not yet. American oil execs don't need sicarios in the payroll, I guess. Etc etcetera. Anyhow, many are howling that this U.S. oil thingy elsewhere is a new thing. They didn't know? Or the magnificent hate for Donald Trump made them forget grade school oil history? ⛽️🇺🇸⛽️
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