Today’s notice: The complicated but familiar politics of keeping the oil. The two Jan. 6s. Jeanine Pirro’s stock trades. And: Regime change “isn’t rocket science,” Republicans say.
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Oil and vinegar: When it comes to what happens next for Venezuela’s most profitable export, Donald Trump did not mince words — at least not as Joe Scarborough retold them. “Joe, the difference between Iraq and this is [George W.] Bush didn’t keep the oil. We’re going to keep the oil,” the MS NOW host said of his conversation with the president this week.
Big Oil is not lining up to help so far, however. Chevron, the only big player to go on the record about Venezuelan oil reserves post-U.S. intervention, said it is focused on protecting its current assets. NOTUS’ Anna Kramer reports that the American Petroleum Institute has not met with Trump about the issue.
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The economic reality: The global price of oil has dropped so low that industry analysts say it’s unlikely that anyone would want to spend the billions required to develop production in a politically unstable place like Venezuela.