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Bumbles · 56-60, M
Venezuela sells oil. Who is in charge makes no difference.
PicturesOfABetterTomorrow · 41-45, M
@Bumbles It absolutely matters. If the US controls who runs Venezuela Washington dictates the price and can install a friendly regime.
They have been trying the same thing in Argentina for the last decade or so to control Lithium too.
Washington doesn't give a shit if Venezuela wants to give their poor healthcare and food with oil revenues so they want people in power who don't care if the poor starve either.
This has been US policy for so long Smedley Butler was pissed off about his part in it in 1936.
They have been trying the same thing in Argentina for the last decade or so to control Lithium too.
Washington doesn't give a shit if Venezuela wants to give their poor healthcare and food with oil revenues so they want people in power who don't care if the poor starve either.
This has been US policy for so long Smedley Butler was pissed off about his part in it in 1936.
Bumbles · 56-60, M
@PicturesOfABetterTomorrow How can the US dictate the price other than market value?
PicturesOfABetterTomorrow · 41-45, M
@Bumbles The market value doesn't exist in energy. It never has. In fact energy and diamonds are the two commodities where it is legal to artificially manipulate the market. That is literally the entire point of OPEC.
PicturesOfABetterTomorrow · 41-45, M
@Bumbles And you can control any market when you control the supply. It is not some magical force outside of everything else.
Bumbles · 56-60, M
@PicturesOfABetterTomorrow so, it’s done via supply manipulation , not price?
PicturesOfABetterTomorrow · 41-45, M
@Bumbles Same difference. If you control the supply, you control the price.
PicturesOfABetterTomorrow · 41-45, M
@Bumbles Or you can take the most extreme examples. During the 90s with sanctions the West was starving Iraq and with the Oil for Food program they were literally forcing Iraq to give away oil for free for food for an artificial famine.
Bumbles · 56-60, M
@PicturesOfABetterTomorrow Thanks…will be interesting to follow more closely now.
PicturesOfABetterTomorrow · 41-45, M
@Bumbles In the case of the Food for Oil fiasco in Iraq since nearly all the money traded for food and medicine went towards forced reparations the US literally forced Iraq to pay off the invasion of their own country by the US in 1991.
PicturesOfABetterTomorrow · 41-45, M
@Bumbles Resource wars are ugly business.