Try to Make Any Sense of What Trump Is Saying About Venezuelan Oil

President Donald Trump gave a nonsensical justification Wednesday for his blockade of all “sanctioned oil tankers” coming and going from Venezuela.

Speaking to reporters, Trump appeared to claim that he was simply stealing back oil that already belonged to the United States.

“You remember they took all of our energy rights, they took all of our oil from not that long ago, and we want it back, but they took it, they illegally took it,” Trump said.

At another point, he said, “They took our oil rights. We had a lot of oil there. As you know, they threw our companies out, and we want it back.”

It seems that Trump was referring to when Hugo Chávez ordered the seizure of foreign-owned oil fields in 2007, including land and assets that belonged to U.S. oil companies ExxonMobil, Chevron, and ConocoPhillips.

In the intervening 18 years, Chevron struck a deal with Venezuela (that Trump somehow made worse) while ExxonMobil and ConocoPhillips entered into a lengthy legal battle that is still ongoing to win billions of dollars from the Venezuelan government.

It seems pretty obvious that oil fields located in Venezuela, even if they were previously owned by U.S. companies, don’t actually belong to the United States—but Trump sees things differently. On Tuesday, he wrote on Truth Social that it was time for Venezuela to “return … the Oil, Land, and other Assets that they previously stole from us.”

Trump’s blockade is the second major military escalation targeted at Venezuela’s oil industry, after Venezuela accused the United States of piracy because it seized one of Caracas’s oil tankers. This follows months of extrajudicial strikes on boats in the Caribbean Sea that the U.S. government claims, but won’t bother to prove, are smuggling drugs. White House chief of staff Susie Wiles indicated that these efforts were about forcing Venezuelan President Nicolas Maduro to step down.

Earlier this week, Trump manufactured the perfect excuse to invade Venezuela, by ordering fentanyl to be classified as a weapon of mass destruction. For anyone thinking, “I recognize this tune,” it’s because Trump’s newest tactic is just an echo of the U.S. government’s lie that Saddam Hussein had stockpiles of weapons of mass destruction as justification for its invasion of Iraq. It seems that history is repeating itself, as there is reason to believe that America’s growing interest in Venezuela is not about drugs at all: It’s actually about oil.