Redditsux@lemmy.world
on 06 Jan 16:11
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Here’s the play: Trump forced embargos on Venezuela oil that made Venezuela-owned CITGO refineries designed to refine Venezuelan oil unprofitable. US Courts forced sale of CITGO assets, Singer swooped in and bought them for $5.9billion, a third of its $18billion value (oil refineries are very expensive to build). 2 months later, Trump attacks Venezuela, removes Maduro and Venezuelan oil is legal again. Presto! Instant profit in billions!!!
TribblesBestFriend@startrek.website
on 06 Jan 17:59
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You forgot when the court appointed man to oversee the sale was a high man in one of the « Israel charity » that Paul Singer give to
But yeah that’s pretty it
UnderpantsWeevil@lemmy.world
on 06 Jan 16:58
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In November 2025, less than two months before Trump’s operation to take over Venezuela, Singer’s investment firm, Elliott Investment Management, inked a highly fortuitous deal.
It purchased Citgo, the US-based subsidiary of Venezuela’s state-owned oil company, for $5.9 billion—a sale that was forced by a Delaware court after Venezuela defaulted on its bond payments.
The court-appointed special master who forced the sale, Robert Pincus, is a member of the board of directors for the American Israel Public Affairs Committee (AIPAC).
Elliott Management hailed the court order requiring the sale in a press release, saying it was “backed by a group of strategic US energy investors.”
Singer acquired the Citgo’s three massive coastal refineries, 43 oil terminals, and more than 4,000 gas stations at a “major discount” because of its distressed status. Advisers to the court overseeing the sale estimated its value at $11-13 billion, while the Venezuelan government estimated it at $18 billion.
Trying to imagine the outcry if this had been done by a Russian firm on Ukrainian assets or a Chinese court on Taiwanese property.
Is any major US news agency covering this as a story, I wonder?
middlemanSI@lemmy.world
on 06 Jan 17:38
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My skin crawls just by a mention of the orange turd, and then I read israeli…I have to go shower
Trying to imagine the outcry if this had been done by a Russian firm on Ukrainian assets or a Chinese court on Taiwanese property.
That would be casus belli for the entire West to rise up, I guess
kn0wmad1c@programming.dev
on 06 Jan 20:40
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Someone created an account on polymarket in mid-December and made exactly 4 bets predicting military action and results between US and Venezuela/Maduro by the end of January totaling $36k and was able to cash out nearly half a million dollars because of it.
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Here’s the play: Trump forced embargos on Venezuela oil that made Venezuela-owned CITGO refineries designed to refine Venezuelan oil unprofitable. US Courts forced sale of CITGO assets, Singer swooped in and bought them for $5.9billion, a third of its $18billion value (oil refineries are very expensive to build). 2 months later, Trump attacks Venezuela, removes Maduro and Venezuelan oil is legal again. Presto! Instant profit in billions!!!
You forgot when the court appointed man to oversee the sale was a high man in one of the « Israel charity » that Paul Singer give to
But yeah that’s pretty it
Trying to imagine the outcry if this had been done by a Russian firm on Ukrainian assets or a Chinese court on Taiwanese property.
Is any major US news agency covering this as a story, I wonder?
My skin crawls just by a mention of the orange turd, and then I read israeli…I have to go shower
That would be casus belli for the entire West to rise up, I guess
Someone created an account on polymarket in mid-December and made exactly 4 bets predicting military action and results between US and Venezuela/Maduro by the end of January totaling $36k and was able to cash out nearly half a million dollars because of it.
cbsnews.com/…/polymarket-maduro-capture-bet-40000…