Ben Rhodes
๐ค SpeakerAppearances Over Time
Podcast Appearances
And the economist says that the break even price for the main Venezuelan project exceed $80 a barrel.
But global prices now are around $60 a barrel, and Trump wants them down to 50.
But if we get down to $50 a barrel, that's going to destroy the US shale industry.
It will no longer be able to be profitable.
And it will be a threat to OPEC, especially the Saudis, who have dug themselves a giant financial hole with stupid fucking investments like the Line Hotel.
City.
Yeah, sorry, the Line City.
They have a ski resort somewhere that MBS is still trying to finish, so we got to keep oil up.
A little warm.
Yeah.
So just a little context about how complicated this project is as compared to Trump's rhetoric, Ben.
And like, I don't know, if you're the Russians, an existential threat to you might be $50, $40 a barrel oil, right?
Imagine Venezuela gets up and running like they actually get this done.
There's the Iranian regime is toppled.
That oil starts to flow like Russia's cooked, right?
Like you can imagine some people might throw some sand in the gears.
All right, so tracking all the places that the Trump administration has bombed or is threatening to bomb, it's getting very difficult.
So my has bombed list includes Venezuela, Iran, Iraq, Syria, Nigeria, Yemen, and Somalia.
Let me know if I forgot any.
And then the kind of like overtly or implicitly threatening to bomb, invade or topple the government list includes Greenland, Cuba, Panama, Colombia, Canada and Mexico.