Oil – Page 2 – People's World

U.S. attack on Venezuela aimed at rescuing the petrodollar

January 22, 2026 By W. T. Whitney, Jr.

U.S. global economic power has long rested on the fact that oil is sold in dollars on the world market. Venezuela and China were challenging that system.

Social progress in Venezuela real reason for Trump’s invasion

January 15, 2026 By Michael O’Dea

Using oil profits to meet people’s needs was unacceptable to Imperialism

Trump says he’ll unleash Venezuela’s oil. But who wants it?

January 12, 2026 By Jake Bittle

As oil prices fall and demand nears a peak, exploiting Venezuela’s heavy crude reserves won’t be as easy as Trump thinks.

Trump: U.S. taxpayers will ‘reimburse’ corporations’ costs of stealing Venezuelan oil

January 6, 2026 By C.J. Atkins

After tipping off oil execs in advance of Maduro’s kidnapping, the president now tells them the American people will pay any costs they incur while taking Venezuela’s resources.

Labor and allies denounce Trump attack on Venezuela

January 5, 2026 By Mark Gruenberg

They condemn illegal and unconstitutional regime change aimed at stealing the country’s oil.