@RobertoSmithP The oil wealth is also on a timer. World will eventually get off oil. Itβs not likely for Venezuela to extract even a fraction of its reserves anyway
@BrettErickson28 Venezuela will never extract even a fraction of their oil reserves. Thereβs too much and itβs too difficult to extract. Makes sense from their perspective to partner with the US before the oil timer runs out
@911NewsBreaks Venezuela has so much oil, they likely wont get even a fraction of it out of the ground.
Its the expensive and difficult kind to extract.
The oil wealth also has a timer which will expire within 50 years, where it won't even be profitable to extract it anymore.
@Evelynfer1506@SecRubio "Because in the USA, the price of gasoline and inflation in food are killing us"
In venezeula, the avg monthly salary is $13. Quiet.
@Evelynfer1506@SecRubio Venezeula has so much oil, they'll never get all of it out of the ground anyway.
It actually makes a lot of sense for Venezuela to partner with the US to increase their oil output.
Oil wealth has a timer. Maybe 50 years. It wont even be profitable to take it out the ground.
@BrettErickson28 2) Where as the US just consolidates more control of the global energy supply.
The US could squeeze any country, even China at that point. (if middle east energy was offline for years).
Who would they buy from?
@BrettErickson28 I think the energy infrastructure being destroyed would be a tragedy for the whole world, but the US would be the least hurt, and Iran would be the most hurt.
Ultimately their regime would collapse or be severely limited for decades.
@BrettErickson28 how is it a crazy take? What happens if they 'torch gulf infrastructure'.
All their oil/gas infrastructure is toast which they have no ability to rebuild from scratch. Its over.
gulf countries would be screwed too yes. Everyone loses, except America #1 energy producer
@SarahPr58996957@BrettErickson28 Escalation against Iran's critical infrastructure by the US or Israel means a retaliation against the Gulf infrastructure. Which is why it hasn't happened.
If Iran plays this move first, then the response is to destroy Iranian infrastructure.
@BrettErickson28 If Iran bombing the gulf infrastructure is such a good option for them, why haven't they done it yet?
Because they wont electricity for a generation, that's why.
@NicoMorowat@MorseReport These are moving ships not tel aviv. If tel aviv could float around the ocean, they wouldnt be able to hit them with missiles.