Why big oil giants may not rush to buy into Donald Trump’s Venezuelan vision
by Eduardo Porter from on (#72VAT)
It may well be safer, easier and cheaper for US companies to procure whatever oil the US economy needs at home
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.
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