After Trump yesterday announced that Venezuela will turn over 30 to 50 million barrels of sanctioned oil it turns out that is only the beginning of Venezuelan oil coming to the US. In return some selective U.S. sanctions, related to the transportation and sale of the oil, will be rolled back. Money received from these sales will also be deposited in U.S. controlled accounts with money being released to Venezuela at the discretion of the U.S.
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What a shakedown. No one is taking up arms. Just going to let the USA steal?
To be frank it’s all US built infrastructure that Venezuela nationalized and didn’t pay the US companies a dime. There’s a reason the country owe billions to US companies for seizing everything once it was finished. It’s also why it all fell into disrepair because they took it brand new and had no idea how to do maintenance on it leading to their oil production collapse.
Yeah I heard it went from 4M barrels to 300k per day.
Yeah I didn’t know this.
I am by no means saying that we need to get into the nation building game again. However, I do think that here were we are the ones that built the systems that are now in disarray would be mutually beneficial for both countries. Now that is going to mean that the remaining cronies of the regime are going to have to leave and I think after the operation they would likely be much more open to stepping aside if the US can arrange an out route for them.
Clearly they aren’t ready to fight to the death like the Taliban was
Time will tell...
I have no special knowledge but I've heard that Ven crude requires extra refining steps that they can't do (they could do it once, but due to years of commie neglect they can no longer refine it effectively).
So this may benefit both sides. "We will refine your oil for a percentage...." or some such deal....
So Texas and Louisiana have refineries that are built for heavy crude oil refining. They were the ones that used to get the Venezuela oil but had turned to Canada's oil sands heavy crude.
Who knew Canada would be the biggest loser from regime change in Venezuela?
Its pretty funny I am guessing that the US will try to leverage the ~700k barrels produced per day and shipped to China against China but I have no idea on if that would work. China imports a ton of oil and only 4% comes from Venezuela
Yeah, there are lots of other parties who can pick up the slack.
Kidnapping Maduro was the easy part.
The USA has shown serial incompetence in turning military aggression into oil flow.
Iraqs oilfeilds are today operated by the Chinese.
Everywhere the USA has invaded is left a complete and utter shambles and yet Uncle Sam seems to know no other way.