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An Oil Explosion in a Black Texas Town Traces Back to Trump's Iran and Venezuela Crises

Summary by Capital B
John Beard takes no pleasure in being right. In January, he told Capital B that he feared U.S. military action in Venezuela, which ultimately gave America preferential access to the South American nation’s vast oil reserves, would lead to disaster in southeast Texas. “The chickens have come home to roost,” Beard said over the phone, between fielding calls from his neighbors. “Our exact fears have come true.” On March 23, an explosion at the Vale…

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Capital B broke the news in on Monday, March 30, 2026.
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