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sop

(16,241 posts)
2. Venezuela's oil industry was nationalized in 1976 after decades of being controlled by foreign oil interests.
Sat Sep 27, 2025, 05:58 PM
Saturday

Since then it's been an ongoing battle between Venezuela and these foreign interests for control of their oil reserves and the profits. The conflict worsened when Chavez (and later Maduro) came to power. Now Trump and his Big Oil backers would love nothing more than a return to the good old days.

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