Oil prices rise sharply after attacks in Middle East disrupt global energy supply

[Botany]

10. And guess what? A Trump backing billionaire just happens to own 3 oil refineries on the Gulf of Mexico

that are set up to process Venezuelan crude oil.

“Paul Singer’s shady purchase of Citgo has everything to do with this coup.”

One of President Donald Trump’s top billionaire donors, who has spent the past several months backing a push for regime change in Venezuela, is about to cash in after the president’s kidnapping of the nation’s president, Nicolas Maduro, this weekend.

While he declined to tell members of Congress, Trump has said he tipped off oil executives before the illegal attack. At a press conference following the attack, he said the US would have “our very large United States oil companies” go into Venezuela, which he said the US will “run” indefinitely, and “start making money” for the United States.

In 2024, Singer, an 81-year-old with a net worth of $6.7 billion, donated $5 million to Make America Great Again Inc., Trump’s Super PAC. Singer donated tens of millions more in the 2024 cycle to support Trump’s allies, including $37 million to support the election of Republicans to Congress. He also donated an undisclosed amount to fund Trump’s second transition.

Singer is also a major pro-Israel donor, with his foundation having donated more than $3.3 million to groups like the Birthright Israel Foundation, the Israel America Academic Exchange, Boundless Israel, and others in 2021, according to tax filings.

https://www.commondreams.org/news/paul-singer-venezuela


So Trump and Israel’s war in the Middle East will make it harder to get oil from there and the
price of oil will go up and then a greater demand for Venezuelan oil will happen.