Posts Tagged ‘Venezuelan Oil’

What’s at stake in Venezuela

May 6, 2019

The unlabeled country at the bottom center is Nigeria; the one at the upper right is Kazakhstan.  Click to enlarge.

What’s at stake in Venezuela is which oil companies get to control the world’s largest national oil reserve.

LINKS

Venezuela and Binary Choice by Craig Murray.

Venezuela: Forensics of a Clownish Coup by Moon of Alabama.

The Making of Juan Guaidó: U.S. Regime-Change Laboratory Created Venezuela’s Coup Leader by Dan Cohen and Max Blumenthal for Consortium News.

‘You’re either for us or against us’

January 30, 2019

Every time a U.S. President targets some nation as an enemy, and tries to drag other countries into the conflict, he creates the possibility of a backlash.

“You’re either for us or against us.”  Say that too many times, and the answer is likely to be, “we’re against you.”

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Why the push for ‘regime change’ in Venezuela?

January 29, 2019

National Security Adviser John Bolton explains U.S. Venezuela policy.

I think I’ve seen this script before.  The unpopular ruler of an oil-rich country cracks down on the opposition.  The U.S. government sees an opportunity and tries to bring about a change in regime.

What can go wrong?  In Iraq, this led to an inconclusive quagmire war in which thousands of Americans and hundreds of thousands of Iraqis lost their lives.  In Libya, it led to the collapse of civil order, leaving Libyans worse off than before.  In Syria, it led to another inconclusive war, benefitting no one.   The chief result of these wars was the European refugee crisis.

Now the U.S. seems to be playing out the same script in Venezuela—doing the same as before and expecting a different result.

The Trump administration has recognized Juan Guaido, the leader of the National Assembly, as the legitimate president of Venezuela, and called for the overthrow of President Nicolas Maduro.  Guaido is indeed the leader, but that’s because the leadership is rotated among the parties, and the Trump administration’s decision happened on his watch.

To support Guaido, the administration has blocked Venezuela’s oil company from collecting revenue from its oil exports.  Instead the money goes into a blocked account until Guaido takes power.

And if he doesn’t?  “All options are on the table.”

As far as I’m concerned, this is a pass-fail test of political leadership.  Only those who oppose intervention are lovers of peace.  So far Bernie Sanders passes this test, as do Democratic Reps. Tulsi Gabbard, Ro Khanna, Ilhan Omar and Alexandra Ocasio-Cortez.

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Why Hugo Chavez was anti-U.S. (and vice versa)

March 13, 2013

Above is a report by American investigative reporter Greg Palast was broadcast by the British Broadcasting Corp. on May 13, 2002 about the short-lived attempted military coup against Chavez in 2002.  Below is a report by Palast for the BBC on April 3, 2006, which explains why the oil wealth of Venezuela is important to the United States.

The most important fact about Venezuela, so far as the United States is concerned, is not that it is a major supplier of oil to this country.   It is that Venezuela potentially has the world’s largest known reserves of oil, much more than Saudi Arabia.  Most of Venezuela’s oil is a thick gunk called heavy crude oil, which is too expensive to refine as long as oil prices are low.  Greg Palast said in his 2006 broadcast that heavy crude would be economically viable if world oil prices were $50 a barrel.   He now reports Venezuela’s export price is $100 a barrel.   What do we want—Venezuela’s heavy crude or Canada’s tar sands oil?

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