[afavour]

> The US has no use for Venezuelan oil

Someone should tell Trump that because he’s not been remotely subtle about his thought process.

> Note that the US also did not take Iraq's oil

That doesn’t mean there was no desire to take that oil. And there very transparently was. Looking at the end result and working backwards is faulty thinking. The US disastrously mismanaged Iraq. They certainly didn’t intend to.

[monerozcash]

>Someone should tell Trump that because he’s not been remotely subtle about his thought process.

Maybe Trump just believes it'll be a good lie for his target demographic, because it certainly is a lie.

[afavour]

Or, and hear me out here, he’s not very smart and thinks “oil good”. He’s literally said US companies are going to be taking control over it.

[monerozcash]

It's possible, but we'll probably never know. However, the WTI price is under $60 and going down. The last thing any big oil companies need is more crude supply into the market lowering the benchmark price even lower, especially particularly expensive (to extract) Venezuelan crude

[verteu]

> The last thing any big oil companies need is more crude supply into the market lowering the benchmark price even lower, especially particularly expensive (to extract) Venezuelan crude

Check Chevron's stock on Monday to see if you're right. My prediction: It will be significantly up, showing that the action benefited them.

[afavour]

I think you’re looking in the short term. Long term control of those supplies would be valuable.

[monerozcash]

US controls those supplies anyway because nobody else is going to develop the capabilities to profitably extract Venezuelan crude. Not Venezuela, certainly not China or Russia.