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Foreign Affairs

ShazamIam

(3,090 posts)

1. Venezuela and Iran are number 1 and 3 in oil reserves, Saudi Arabia is number 2. Venezuela nationalized their oil in

Reply to TexasTowelie (Original post)

Tue Mar 3, 2026, 06:15 PM

Tuesday

the 70s and threw out the U.S. energy companies, Iran had done something similar way back in 1954 and during the 70s Saudi Arabia renegotiated their U.S. energy company contracts. Some of us remember the gasoline crisis of those days.

Now remember that the U.S. energy folks gave Trump a billion dollars. Is that why Venezuela and Iran are targets of this administration, for control of their oil?

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Venezuela and Iran are number 1 and 3 in oil reserves, Saudi Arabia is number 2. Venezuela nationalized their oil in ShazamIam Tuesday #1