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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 ...
Elizabeth Warren Says Oil Executives Know More About Trump's 'Secret' Venezuela Plan Than The American People: 'Worse Than You Thought' - Chevron (NYSE:CVX), United States Oil Fund (ARCA:USO)
Benzinga· 2026-01-08 10:21
Sen. Elizabeth Warren (D-Mass.) claimed that leading oil company executives have more information on President Donald Trump’s plans for Venezuela than the American public.Says It Is ‘Worse Than You Thought’Following a Senate briefing on Wednesday, in a post on X, Warren alleged that oil company executives seemed to “know more about Trump's secret plan to ‘run’ Venezuela than the American people.”“It's worse than you thought,” she said, without disclosing any additional details regarding the nature of Trump' ...