The US fervently desired to overthrow his government. Even Elon Musk tweeted his support to the opposition
1. Oil Factor. It is true that Venezuela has the world’s largest oil reserves and the US has a long history of intervening in countries to gain control of their oil resources.
2. But the US is also one of the world’s largest producers of oil, so it is not like it is in desperate need of Venezuelan oil.
3. What the US needs is to control the oil supply from Venezuela since it has too big a reserves for a vassal and so it does with hawkish foreign policy and SANCTIONS.
4. You see, the value of US dollar is linked to the value of oil. This means when oil prices rise, countries need more dollars to purchase oil, increasing demand for the currency.
This maintains the dollar dominance.
5. In 2007, when Venezuela nationalized its oil industry, taking control of the country’s oil reserves and kicking out US oil companies, that set in the panic.
6. Why? Because before nationalization, US oil companies had total control over Venezuela’s oil industry.
They were extracting oil under concession agreements, which gave them all the profit and also control over production.
7. After nationalizing its oil industry, Venezuela continued to sell oil to various countries including India & China until Trump’s crushing sanctions in 2017.
8. Apart from oil, the US saw Venezuela’s influence in uniting South America with regional organizations like the Bolivarian Alliance (ALBA) & CELAC as a threat aimed at reducing its economic and political influence.
9. Unsurprisongly, the Bolivarian Alliance declined due to the DEATH OF KEY LEADERS, coup/government changes, and a lack of consensus among member countries.
10. Another reason for the US obsession with Venezuela is its role in building a multipolar world even before it became mainstream.
It has forged alliances with other power centres like China, Russia, Iran and India.
10. Hence US sees Venezuela’s government as a threat to its interests and wants to replace it with any opposition government that aligns more with US policies.
After Maduro’s victory, you will now witness a BIG media trial over the legitimacy of the Venezuelan election results, his fascist regime, Venezuelan economic degradation, and human rights violations.
“When I left, Venezuela was ready to collapse. We would have taken it over, we would have gotten all that oil.”
~ Donald Trump.
“We tried to construct a coup in Venezuela in April 2019 and it blew up in our face”
~ US Senator Chris Murphy.
John Bolton, former U.S. ambassador to the United Nations and then White House national security adviser, admitted to the Washington Post that: 𝐡𝐞 𝐤𝐧𝐞𝐰 𝐭𝐡𝐚𝐭 𝐔𝐒 𝐬𝐚𝐧𝐜𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐜𝐨𝐮𝐩 𝐚𝐭𝐭𝐞𝐦𝐩𝐭 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐕𝐞𝐧𝐞𝐳𝐮𝐞𝐥𝐚 𝐰𝐨𝐮𝐥𝐝 𝐝𝐞𝐬𝐭𝐫𝐨𝐲 𝐢𝐭𝐬 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐧𝐝 𝐟𝐨𝐫𝐜𝐞 𝐦𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐭𝐨 𝐟𝐥𝐞𝐞.
