Trump had a press conference about opening up Venezuela to American Oil Companies. Of course it was full of “Trump speak;” the greatest this, the greatest that, etc. But what it came down to is Trump is telling the Venezuelans that American oil companies will be returning to Venezuela and will be under the protection of the American military. That’s pretty damn good.
These companies had all of their oil extraction and processing equipment seized when Communist Hugo Chávez became the leader in Venezuela. He nationalized the industry and it proceeded to fall apart. Instead of engineers the industry was handed over to political hacks. They brought in the Cubans to help them and they proved that they could make a fabulously oil rich country into a basket case in just a decade or so.
Of course, Trump didn’t provide a lot of the details on how these things will be arranged. But based on how things worked before Chávez botched it up, the oil companies and Venezuela will both make lots of money. And all of that extracted oil will lower the price of American gasoline and oil by quite a bit once it’s going strong.
As I said, “Trump speak” is maddening. It’s like listening to one of Muhammed Ali’s jibber-jabber brag sessions before his fights. Everything is over the top and outrageous but the results are there. Ali was the greatest fighter of his generation and Trump is the only President in forty years to actually produce the results he promised. So, I’ll let him have his bragging session and then I’ll look for a translation into English and the bottom line. He’s pretty smart. Increasing oil production (enormously) will have a major positive effect on consumer costs in the United States. And the revenues that these oil companies will gain will also improve our GDP. And capturing Maduro let’s Latin America know that Trump doesn’t play games with tin-pot dictators shipping fentanyl to this country. I expect to see positive results in Mexico and maybe even China because of this.
Okay so where does that leave us with Iran and Ukraine and Greenland? Well, I may have underestimated the people of Iran. The actions there have grown from protests to open rebellion. They’re burning down police stations and IRGC barracks and so far, the military doesn’t seem to be able to stop it. The size of the crowds is staggering. There are literally millions of people in the streets of dozens of large cities. I think the Ayatollah is going to take a plane ride to Moscow and join Assad in the section of Moscow reserved for former Middle Eastern dictators in retirement. It looks that active.
Ukraine is hopeless. The Russians and Ukrainians will fight to the last man. God help them all.
Now what the hell are we going to do with Greenland? Military bases, oil and mineral extraction? Ice for drinks? Trump says he wants to buy it. I mean, who figures out a fair price for Greenland? But as I’ve said, after you get finished with the bluster get a translation into English and chances are you’ll discover that Trump is right about Greenland too. But what do you bet he wants to rename it Trumpland?
