Trump's Venezuela Gamble Is Not A 'War For Oil,' Says Economist Paul Krugman: It Is A War For 'Oil Fantasies' - United States Oil Fund (ARCA:USO)
Benzinga·2026-01-08 14:07
Economist Paul Krugman is casting doubts on the economic rationale behind President Donald Trump’s recent actions in Venezuela, which led to the capture of the country’s President Nicolás Maduro over the weekend. This Is A War For ‘Oil Fantasies’In his newsletter on Wednesday, Krugman said, “whatever it is we're doing in Venezuela isn't really a war for oil,” adding that the vast oil wealth that Trump envisions “doesn’t exist,” making this a war for “oil fantasies” instead.The Nobel Prize-winning economist ...