Verdict with Ted Cruz Oil Means National Security, Rep. Jim Jordan vs Jack Smith & Crime Crashes Coast‑to‑Coast Week In Review
13 snips
Jan 24, 2026 They debate oil as a national security tool and the risks of prices plunging for U.S. producers. They discuss Venezuela’s ruined oil infrastructure and how long and costly rebuilding would be. They examine Cuba’s economic collapse and the role of Mexican oil. They scrutinize the integrity of high-profile legal investigations and highlight recent nationwide drops in violent crime.
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Oil Prices As A Geopolitical Tool
- Lower oil prices can function as a geopolitical tool by reducing revenue for hostile petro-regimes.
- The Trump administration aims for a $60–$70 sweet spot to hurt adversaries while protecting U.S. producers.
Venezuela’s Oil Is Hard To Restore
- Venezuela has the world's largest proven reserves but crippled infrastructure limits output to about 1 million barrels daily.
- Restoring production to multiple millions would take years and tens of billions, possibly over $100 billion, of investment.
Gulf Coast Refiners Can Adapt Quickly
- Gulf Coast refineries can handle heavy sour crude like Venezuela's and could absorb additional barrels quickly.
- Increased Venezuelan heavy crude imports would mainly displace Canadian and Mexican heavy producers, not U.S. light‑sweet producers.
