Thanks magat scum

Listening to David Frum tear apart the oil argument is very enlightening

Let's just say it ain't happening

Some thoughts on the oil

1. Venezuela is one of the largest debtor nations. Their debt is paid by oil revenues. As such, is America going to cut out China and Europe and American companies that are owed those revenues from past debt?
2. The price of oil is ~ $58/barrel, meaning oil companies' profits are marginal. That means who would want to invest in Venezuela?
3. Venezuelan oil will take 10s, if not hundreds of billions of dollars in investment to upgrade their oil infrastructure. Given no. 2 who will be paying for that? The oil companies would, OBVIOUSLY, prefer investing in sure things like NATURAL GAS in the US or Canada
4. Venezuelan oil is, if understand correctly, "dirty oil" meaning a lot of refining, meaning limited options for buyers
5. The reconstruction of Venezuelan oil fields/pipelines/infrastructure will take massive investment, over MANY years. Who will provide security for this work? Who will do this work? This will require roads and schools and power grids to enact-essentially nation building. Who will do that? Seriously WHO?
6. Cutting out our traditional allies will cut them out of the investment, meaning WHO will foot the bill?
7. After all of this reconstruction, what will prevent the Venezuelans from just seizing control of the assets again? Keep in mind this will take years, so is a President AOC or President Vance committed to war with Venezuela 5 or 10 years from now?
8. The world is switching to other sources of energy, oil will be less and less needed a decade from now, which means the price of oil will NEVER rise to a point where this is profitable.
9. How will China and Russia and OPEC react to this? China has heavily invested in Venezuela; will they just surrender their investments? How will OPEC react to the US undercutting their income?
10. Given the likelihood that China or Cuba or Socialist Venezuelans will NOT like America stealing its oil, they WILL sabotage those efforts. How is security guaranteed that will permit reconstruction.

I guarantee you the above is far more analysis than has been done by the Piggy administration.

Speaking of, you told us that the tariffs were going to sink the economy,How did that prediction end up?
#25 | Posted by fishpaw

Jim Beam on line 1

Oh, and you said when we bombed the Iran Nuclear plant that it would start WW3.
#25 | POSTED BY FISHPAW

You do realize that Iran is very likely feverishly building bombs as we speak, right?