The corrupt Malignant Fascist's grab for Venezuela's massive oil deposits, which he pledged to extract for the benefit of U.S. oil companies, is a particular gift to one of his major donors, investor oligarch and supporter of right-wing Israel's policies Paul Singer. From Judd Legum at Popular Information:
"The extraordinary attack, which legal experts said violated U.S. and international law, created a financial windfall for a prominent Trump-supporting billionaire, investor Paul Singer. [snip]
Since Trump was first elected in 2016, Singer has met personally with Trump at least four times. 'Paul just left and he’s given us his total support,' Trump declared after meeting with Singer at the White House in February 2017. 'I want to thank Paul Singer for being here and for coming up to the office. He was a very strong opponent, and now he’s a very strong ally.' In 2016, Singer initially supported Marco Rubio, who is now Trump’s Secretary of State.
In November 2025, Singer acquired Citgo, the U.S.-based subsidiary of Venezuela’s state-run oil company. Singer, through his private investment firm, Elliott Investment Management, bought Citgo for $5.9 billion. The sale to Amber Energy, a subsidiary of Elliott Investment Management, was forced by creditors of Venezuela after the country defaulted on its bond payments.
Citgo owns three major refineries on the Gulf Coast, 43 oil terminals, and a network of over 4,000 independently owned gas stations. By all accounts, Singer acquired these assets at a major discount. Advisors to the court that oversaw the sale valued Citgo at $13 billion, while Venezuelan officials said the assets were worth as much as $18 billion." (our emphasis)
As we watch the likes of Singer looking to profit off of the appropriation of Venezuelan oil reserves, Putin-aligned Trump buddy Steve Witkoff trying to cut business deals with Russian thug Putin at Ukraine's expense, South Afrikaner fascist Elon Musk sucking resources from the Government and more, we're witnessing a smash and grab Government run for and by oligarchs with no regard for the consequences to the lives and wellbeing of the rest of us.
(photo: David A. Grogan / CNBC)
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