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(01-04-2026, 10:58 AM)quintessentone Wrote: The US definitely needs Venezuela oil because, that will disrupt the oil export game to certain countries that only trade with Venezuela and where the US can pick it up to make money for his rich oil barons and himself, as per usual:
Rich Oil Barrens and himself. So who wrote that? A Democratic Party Operative. Sounds quite foolish to me. I have invested in stocks for over thirty years. The USA has NO need for Venezuela oil.
I own USA oil stocks worth over $300,000 in my 401K. Oil exports are down because the price per barrel dropped to $56 / barrel. Thus , fracking and shale is put on hold. The US has the following oil:
Reserve Estimates
U.S. Holds Most Recoverable Oil Reserves
By Per Magnus Nysveen
OSLO, NORWAY–The United States now holds the world’s largest recoverable oil reserve base–more than Saudi Arabia or Russia–thanks to the development of unconventional resource plays.
https://www.aogr.com/web-exclusives/excl...l-reserves
Ranking nations by the most likely estimate for existing fields, discoveries and as-of-yet undiscovered fields (proved, probable. possible and undiscovered), the United States is at the top of the list with 264 billion barrels of recoverable oil reserves, followed by Russia with 256 billion, Saudi Arabia with 212 billion, Canada with 167 billion, Iran with 143 billion, and Brazil with 120 billion (Table 1).
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(01-04-2026, 11:19 AM)CriticalStinker Wrote: That's a risk companies take. Not all investments pay off (though they likely did still profit).
So you're okay with government oil theft as long as the commies do it. GTK.
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(01-04-2026, 11:20 AM)Waterglass Wrote: Rich Oil Barrens and himself. So who wrote that? A Democratic Party Operative. Sounds quite foolish to me. I have invested in stocks for over thirty years. The USA has NO need for Venezuela oil.
I own USA oil stocks worth over $300,000 in my 401K. Oil exports are down because the price per barrel dropped to $56 / barrel. Thus , fracking and shale is put on hold. The US has the following oil:
Reserve Estimates
U.S. Holds Most Recoverable Oil Reserves
By Per Magnus Nysveen
OSLO, NORWAY–The United States now holds the world’s largest recoverable oil reserve base–more than Saudi Arabia or Russia–thanks to the development of unconventional resource plays.
https://www.aogr.com/web-exclusives/excl...l-reserves
Ranking nations by the most likely estimate for existing fields, discoveries and as-of-yet undiscovered fields (proved, probable. possible and undiscovered), the United States is at the top of the list with 264 billion barrels of recoverable oil reserves, followed by Russia with 256 billion, Saudi Arabia with 212 billion, Canada with 167 billion, Iran with 143 billion, and Brazil with 120 billion (Table 1).
Deny Ignorance
The oil underground in Venezuela belongs to the people of Venezuela not the US.
Deny ignorance.
"The only journey is the one within."
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(01-04-2026, 11:22 AM)IAMTAT Wrote: So you're okay with government oil theft as long as the commies do it. GTK.
That's not what I said. I noted that I don't believe the US taxpayers have to backstop failed corporate investments with our tax and military.
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(01-04-2026, 11:18 AM)quintessentone Wrote: Your regime does not care a hoot for the starving people, they don't even care for the hungry people in your own country (2025: foodbanks operating in 'disaster response mode') so don't peddle that BS. Take a look. This is not a unique short, there are many like it. https://www.youtube.com/shorts/C3vNmkIR_bE
Quote:The sale of drugs from Venezuela to the US is miniscule, it's all a lie, most of the drugs come through Mexico and Columbia. It's all about the oil.
Selling oil lawfully is a good thing.
You are completely ignoring the oppressive and anti-democratic actions of the Chavez and Maduro regimes which led to the start of U.S. sanctions.
You also overlook the narcoterrorism charge. Tren de Aragua is operating in the United States.
You also overlook that they are taking substantive steps to seal Biden's open border, so they are not ignoring the drugs coming in from Mexico and Central America.
Somebody here may make a little money from the sale of Venezuelan oil! Oh, no! That trumps everything!
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(01-04-2026, 11:23 AM)CriticalStinker Wrote: That's not what I said. I noted that I don't believe the US taxpayers have to backstop failed corporate investments with our tax and military.
So-called "corporate welfare" is often paid out to companies which are trying to operate in the inner city. It is essentially a welfare payment to the poor, but not in a way which will encourage corruption and ruin morals.
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(01-04-2026, 11:22 AM)IAMTAT Wrote: So you're okay with government oil theft as long as the commies do it. GTK.
Have you identified an actual government plan to confiscate the oil? The price Venezuela gets is likely to go up because they will not be limited to selling to China and Russia.
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(01-04-2026, 11:31 AM)Solvedit Wrote: So-called "corporate welfare" is often paid out to companies which are trying to operate in the inner city. It is essentially a welfare payment to the poor, but not in a way which will encourage corruption and ruin morals.
Sure, but that's not always the case, and not what we're talking about here.
It's also often paid when corporations gamble the nations economy and get caught with their pants down. We'll bail them out.
Some politicians believe in socializing the losses and privatizing the gains. I guess I can't blame them, they are the donor class and what gets them elected these days.
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(01-04-2026, 11:32 AM)Solvedit Wrote: Have you identified an actual government plan to confiscate the oil? The price Venezuela gets is likely to go up because they will not be limited to selling to China and Russia.
Trump stated that:
US companies will now be rebuilding and expanding V's oil production infrastructure for the benefit of the Venezuelan people.
Russia will get nothing from V, as long as they are at war with Ukraine.
China will continue to have access to purchasing...but no longer at bargain basement prices.
Cuba will either be cut off entirely...or forced to pay actual market prices.
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01-04-2026, 11:43 AM
This post was last modified: 01-04-2026, 11:46 AM by Waterglass. 
(01-04-2026, 11:22 AM)quintessentone Wrote: The oil underground in Venezuela belongs to the people of Venezuela not the US.
Deny ignorance.
Yes it does but to lure a company into your country to build out the oil infrastructure and then nationalize it is theft, unless reimbursed. Those organizations along with Grandpas retirement assets who invested in those companies stock had their assets devalued because of it. But a Drug Dealing Communist woud see it as their own.
I dont support Drug Dealers nor Communists nor anything that purposely sow discourse or spew disinformation
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