Phil Stewart

Right.

They're saying that the nationalization of the oil.

So then it becomes a little bit different.

Right.

You know, there is one thing I would say that I think, you know, as reporters covering the strikes in particular, we were really interested in, which was that, you know, the preponderance of U.S.

military firepower that was assembled in the Caribbean didn't match up with the majority of the drug trade.

Right.

And so if you look at the main trafficking route actually is not through the Caribbean, it's through the Pacific.

And so, you know, there isn't a big flotilla of ships off Mexico.

You know, they're in the Caribbean.

So it always – it was something that we've sort of scratched our heads about a little bit.

You know, there have been strikes on the Pacific side, but the military firepower and everything else was really aimed at – was really in the Caribbean and the policies really aimed at Venezuela.

And so –

You know, this seems to be a policy as much about Venezuela as it is about drugs, not to say that it hasn't been about drugs.

So, you know, Reuters has a lot of really great reporters that are working on this exact issue right now.

And the reporting that they're producing, you know, really does indicate that it's going to take years to recover for Venezuela and years and some good luck, you know, really for Venezuela to recover anything close to the industry it once had.

You know, the Venezuelans, I think, used to produce about 7% of the world's crude.

And I think now it's down to like 1%.

And as a comparison, just for context, you know, people talk about Venezuela as this massive, you know, the world's largest oil reserves, blah, blah, blah.

But the truth is they produce about the same amount as the U.S.