alt Hacker NewsFirst, read up on Venezuela's oil. I don't think that's the case. At the very least it's very expensive oil, hard to use and very bad for engines, refineries and for the environment and also oil is over (meaning oil will go into terminal decline probably before 2028 and that will be the end of the oil companies)
Second, when the US did have Venezuela's oil things were going a lot better in Venezuela for the whole population. So would that really be such a bad thing?
Third, Chavez made things so bad in Venezuela it's tough to imagine this making it worse. Oh and then he died and Maduro came ... and made things worse.
Replies
monerozcash • 01/03/2026
Yeah, literally nobody but the US could possibly profitably extract Venezuelan oil at any meaningful scale.
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> and also oil is over (meaning oil will go into terminal decline probably before 2028 and that will be the end of the oil companies)
Back in the 90s, my dad told me a quote from someone big in oil:
(Shah of Iran? Trouble with searching for quotes on the internet, they get misattributed a lot).Oil as a fuel will, hopefully, be over soon. 2028 is… I think that's too soon, though it would be good if it was. But oil is useful for a lot more than just fuel, and engineered bacteria synthesising more is probably more like a 2030s thing than a 2028 thing.