Post
Trump's oil oligarchs have been salivating over Venezuela's oil reserves for years. We can't refine the oil we pump in the US because our refineries were built for cheap Saudi oil. Now that we've pissed the Saudi's off over Israel the oil oligarchs need a new source for heavy crude. bit.ly/3PqHLD5
5 reposts11 likes
The other problem for our oil oligarchs is that Trump's tariffs caused China to stop buying our domestic light sweet crude oil. For decades, our oil billionaires have been selling our light oil to China for more than they pay for Saudi heavy crude. They only care about profit, not national security.
In Norway we solved the problem by nationalizing the oil and gas industry. All oil and gas revenue goes to help current and future citizens now. www.nbim.no/en/