Nobel Prize winner in Economics warns that Venezuelan oil is not as valuable as Donald Trump assumes
The 2008 Nobel Prize winner in Economics says that the Venezuelan oil that Donald Trump will hoard in the U.S. is not as valuable as he thinks
The success of the 2008 Nobel Prize in Economics, Paul Krugman, made the revelation that Venezuelan oil is not as important as Donald Trump had predicted when he announced that the United States would make thousands in profits from it. the deposits of South America.
The 72-year-old analyst criticized Donald Trump for overthrowing former president Nicolas Maduro in an article published on the Substack platform in order to retake control of Venezuela's fuel resources.
" Donald Trump's journey to Venezuela is a very unique tale.
Trump never used the term "democracy" during his jingoistic press conference following the theft of Nicolas Maduro. He did, however, make the statement" we are going to take up the oil that we should have taken back a long time ago" 27 days.
Perhaps so, our occupation of Venezuela is not primarily an oil-related battle. It is more of a battle for fuel thoughts. The gigantic wealth that Trump claims is waiting there is a fact, he claimed, "does not arise. "
The tycoon's biggest mistake, according to Krugman, was not to consider that Venezuela has the largest known oil reserves, some of which are big oil, which is extra-heavy, has reduced recovery rates, and a high production cost.
" Venezuela's claims to have vast, useful oil reserves were genuine politically motivated advertising," the statement read.
In summary, Trump's assertion that he has sown wealth in Venezuela's oil fields would be an impossible dream even if he had control of a country that is still under the purview of the same thugs who once held it before Maduro was taken would be an exaggerated fantasy, he said.
Donald Trump, but, rejects Paul Krugman's assertions and insists that the thousands of barrels of Venezuelan crude will boost the economy in a way never before seen. On the Truth Social platform, he wrote," This fuel will be sold at its market value, and that money will be controlled by me, as President of the United States of America, to ensure that it is used for the benefit of the people of Venezuela and the United States. "
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