Who produces vastly more energy than it needs right now? The United States. So who needs Venezuela’s oil? Basically, nobody. That cold fact, writes Ben Cahill in Barron’s, is enabling the Trump Administration to further squeeze dictator Nicolas Maduro by blockading the nation’s oil exports. For decades, other countries used oil as a weapon against the U.S. Today the tables are turned and, Cahill notes, Venezuela’s decrepit industry is the one crying out for reinvestment.
Blueprint for Alberta?
Writing in Jewish World Review, Frederic Fransen reminds Americans of a key lesson from Revolutionary War-era pamphleteer Thomas Paine’s Common Sense. “The colonies need to declare independence,” Fransen summarizes Paine, “because so long as their goal was seen as reconciliation, foreign governments would consider the Americans as rebels and the conflict an internal affair.” But a unilateral declaration of independence, Fransen notes, instantly converts mere complaints from an aggrieved group into a negotiation between sovereign states.
