Trump to meet Venezuelan opposition leader and Nobel peace laureate Maria Corina Machado later – US politics live | US news


Key events

Eduardo Porter

There are a few reasons that Donald Trump – now self-anointed acting President of Venezuela, as well as the United States – might be so excited about appropriating Venezuela’s oil.

Trump may be counting on some boost from cheap oil to the US economy: he is obsessed with the price of gas. As the midterm elections approach, he has become concerned about unemployment. Deeply imprinted memories of scarcity during the oil crises of the 1970s may prime his belief that cheap oil cures it all.

The US president may also consider Venezuelan oil as an easy source of cash, either for the US government – to add to the tariff bonanza that he implausibly claims is being paid by foreigners – or for his own personal stash, which he may want to diversify away from crypto.

My guess is he’s dreaming: dreams built from Upton Sinclair tales of wildcatters striking it rich at the turn of the 20th century, mixed in with ingrained images from the Beverly Hillbillies, which debuted on CBS when Trump was 16, and visions of gold-plated palaces, so common in the oil fiefdoms of the Middle East. A child’s lust for buried treasure.

None of this makes any sense.

Share



Source link

  • Related Posts

    FirstFT: UK crime agency reviewed Mandelson allegations in 2024

    Also in today’s newsletter: US Navy secretary fired and EU Arctic drilling rethink Source link

    War in Iran Gives New Fuel to a Tax Debate in Australia

    Earlier this year, a moment in an otherwise dry parliamentary hearing on budget estimates went viral in Australia. A senator asked how the tax the country collects on beer sales…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Pierre Hardy is Relaunching His First Sneaker, Now Anointed Alpha

    Pierre Hardy is Relaunching His First Sneaker, Now Anointed Alpha

    FirstFT: UK crime agency reviewed Mandelson allegations in 2024

    Middle East crisis live: US and Iran in blockade stalemate as Washington’s navy secretary leaves office ‘immediately’ | US-Israel war on Iran

    Middle East crisis live: US and Iran in blockade stalemate as Washington’s navy secretary leaves office ‘immediately’ | US-Israel war on Iran

    UK watchdog to investigate Telegram over alleged child sexual abuse material | Telegram

    UK watchdog to investigate Telegram over alleged child sexual abuse material | Telegram

    Shohei Ohtani’s on-base streak ends: Where does it rank in MLB history?

    Shohei Ohtani’s on-base streak ends: Where does it rank in MLB history?

    Backgrounder: Canada announces measures and support for the people of Syria

    Backgrounder: Canada announces measures and support for the people of Syria