Homegrown Oil: Safer, Cheaper, and Trump-Proof
The Siren Song of Venezuelan Oil: Why Big Oil Might Not Be Rushing to Embrace Trump’s Vision It’s been a wild ride in political circles lately, and as someone who’s been covering the ins and outs of government policy and international relations for over 15 years, I’ve seen my fair share of ambitious pronouncements. Donald Trump’s recent pronouncements regarding Venezuela’s vast oil reserves, couched in his characteristic style, have certainly sparked a lot of discussion. The idea, as I understand it, is that a Trump administration could essentially “appropriate” Venezuela’s oil for the U.S. economy, potentially driving down gas prices and boosting economic sentiment. It’s an idea that appeals to a certain populist sentiment, and frankly, it’s hard to ignore Trump’s deep-seated obsession with the price of gasoline – a clear indicator of how he views policy impacting everyday citizens, especially with elections on the horizon. ...