this post was submitted on 09 Mar 2026

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Oil surges above $110 a barrel; Trump says 'small price to pay' for defeating Iran (www.cnbc.com)

submitted 5 months ago by RandAlThor@lemmy.ca to c/news@lemmy.world

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[–] Bieren@lemmy.today 14 points 5 months ago (2 children)

Where’s all that Venezuelan oil?

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[–] tidderuuf@lemmy.world 10 points 5 months ago

Still sitting there because so far no US company is moving in to do anything about it because they don't want their contractors heads lopped off. And no other country with oil producing capabilities are going in because it would be a competitor for them.

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[–] XeroxCool@lemmy.world 4 points 5 months ago

Either not ready, not actually an appropriate oil, or being competitively marked up to compete with Iran

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mlmym (mschae):	26.3.4