Latest / The 47 Morning Update with Ben Ferguson
Oil Means National Security, Rep. Jim Jordan vs Jack Smith & Crime Crashes Coast‑to‑Coast Week In Review
1. Oil Prices & National Security Lower global oil prices weaken hostile regimes like Iran, Russia, and Venezuela by reducing their revenue. The Trump administration aims for a “sweet spot” oil price ($60–$70/barrel): Low enough to hurt adversaries. High enough to avoid bankrupting U.S. independent oil producers. If prices drop into the $40s, it could collapse small oil producers in Texas and the Permian Basin. 2. Venezuela’s Oil Infrastructure Venezuela has the world’s largest proven oil reserves, but decades of mismanagement have destroyed its infrastructure…
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