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News Link • Oil

The Battle for Venezuela and Its Oil

• theintercept.com by Jeremy Scahill

Last week, the administration announced it had "designated" President Nicolas Maduro and other Venezuelan officials, freezing their U.S. assets and barring Americans from doing business with them. The Times called that the best way to confront the Venezuelan government. The Times, though, went a step further calling on European and other nations to join what it called a "quarantine" of Maduro. It was an interesting word choice. That was also the term used for the early days of the U.S. economic blockade against Cuba. Interestingly, none of these players — Trump or the New York Times — are calling for a boycott on Venezuelan oil, which is heavily consumed by Americans.

U.S. hostile posturing toward Venezuela is nothing new. Washington, under both Democrats and Republicans, loathed the late President Hugo Chavez and his Bolivarian revolution. Chavez enjoyed sticking it to Washington and viewed each attack against him as a badge of honor in his struggle against Yankee imperialism. But Chavez's successor, Maduro, does not have nearly the charisma or credibility among Venezuelans and progressive forces in Latin America enjoyed by Chavez. And Maduro's recent actions have been disturbing even to some of Chavez's close allies.

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