Nine months after the US abducted Venezuelan President Nicolás Maduro, a highly unusual oil deal has surfaced.
Nine months after the US abducted Venezuelan President Nicolás Maduro, a highly unusual oil deal has surfaced. The US claims to have struck an agreement to take control of about a fifth of Venezuela’s oil reserves. But this isn’t a standard international trade agreement; it’s structured through a Barbados-based private company owned by a controversial businessman, with the US Department of Defense taking a 35% stake.
In this episode, we sit down with Francisco Rodríguez, a Venezuelan economist and author of The Collapse of Venezuela: Scorched-Earth Politics and Economic Decline. Rodríguez dismantles the mechanics of this unprecedented $100 billion deal, explaining why major oil companies are nowhere to be found and why Venezuela is currently shipping 40,000 barrels of oil to the US at cost.
Chapters:
00:00:00 – Introduction
00:03:00 – The Barbados Company and the Missing $100 Billion
00:05:00 – Replenishing the US Strategic Reserve at Venezuela’s Expense.,.,
https://www.opendemocracy.net/podcasts/inside-the-us-takeover-of-venezuelan-oil
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