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Venezuela

Foreign Affairs , Trending , Venezuela
January 5, 2026

Maybe It’s About The Oil – But Not In The Way You Think

Maybe It’s About The Oil – But Not In The Way You Think

Wars are insanely expensive. Even if, in the first Gulf War against Sadaam Hussein, we’d done it to “get oil” as so many claimed, the economic arithmetic doesn’t work. Even if you invaded Kuwait, for example, and nationalized (stole) all its oil, you’ll lose money.

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