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by arcticbull 1565 days ago
They just don't have that much oil. You know who does? Venezuela. If increasing the supply of oil was the real goal, then they could have taken Venezuela. It has the most proven oil reserves in the entire world and a tin-pot despot.

> If you dig in a little more you realize control of the oil and contracts went to US and British firms after the war where previously other nations had those contracts.

And that return is pennies on the dollar compared to the two trillion spent on the war. $2T buys you a whole whack of oil you can subsidize for your people.

The economic arguments just don't hold up.

1 comments

I'm sure the US is supporting a regime change in Venezuela that would open the oil to foreign companies.

The 2T doesn't disappear it goes into jobs and new technology. Those oil contracts employ many in the US.

More important is the US gains control.

I'm not sure the US has any control, do they?
Yes. They can use their military base for staging additional wars.