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IPFS News Link • Venezuela

Escobar: How Trump's Oily Dreams May Collapse In A Venezuelan Dark Pit

• https://www.zerohedge.com, by Pepe Escobar

Let's start with neo-Caligula's new edicts on the imperial satrapy he says he now owns; not exactly edicts but outright threats directed to interim President Delcy Rodriguez:

Crack down on "drug trafficking flows". Well, this should actually be directed to Colombian and Mexican smugglers in cahoots with big American buyers.

Expel Iranian, Cuban, and other "operatives hostile to Washington" – before Caracas is allowed to increase oil production. Not happening.

Halt oil sales to "US adversaries". Not happening.

Hence it becomes a near certainty that neo-Caligula may bomb Venezuela again.

Neo-Caligula, in a separate motormouth offensive, also clarified that he wants to somewhat overhaul the oil business in Venezuela via subsidies. It "could take less than 18 months"; then it morphed to "we can do it in less time than that, but it'll be a lot of money"; and finally morphed to "a tremendous amount of money will have to be spent and the oil companies will spend it."

No, they won't, as several proverbial "industry insiders" have advanced. US energy majors balk at the sight of investing fortunes in a nation that may be engulfed by total chaos if neo-Caligula forces a traitorous government over 28 million people.

According to Rystad Energy Analysis, it would take no less than 16 years and at least $183 billion for Venezuela to produce a mere 3 million barrels of oil a day.

Neo-Caligula's ultimate dream is to reduce global oil prices to a maximum $50 a barrel. For this purpose, the Trump 2.0 imperial gig will, in thesis, totally control PDVSA, including acquisition and sale of virtually all of its oil production.

US Energy Secretary Chris Wright, at a Goldman Sachs energy conference, let the oily cat out of the bag:

"We are going to market the crude coming out of Venezuela, first this backed up stored oil [up to 50 million barrels], and then infinitely, going forward, we will sell the production that comes out of Venezuela into the marketplace."

So essentially the neo-Caligula gig will capture, actually steal the sale of crude from PDVSA, with the money theoretically deposited in US-controlled offshore accounts to "benefit the Venezuelan people".

There's no way Delcy Rodriguez's interim government will accept what amounts to de facto theft. Even as Homeland Security Advisor Stephen Miller is bragging that the US is using "military threat" to maintain control of Venezuela. If you are really in control, you don't need to issue threats.


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