Doesn’t Veneuela have enough oil? Why have their exports plummeted since Chavez took power?
Look at who is backing Venezuela and their potential need for cheap oil.
The allies of Venezuela are China, Russia, and Iran.
Guyana oil is described as ‘sweet/light’....different grade from what Venezuela has. Also, this Guyana plus-up includes natural gas.
Anyone’s belief that Brazil would come to defend Guyana as a ‘friend’...might be reading off the wrong page. They’d be acting on the part of some Brazilian fuel company recommendations.
Comes 6 weeks after Biden incompetents lift sanctions on Venezuelan oil …part of the deal is they supply us
https://www.theguardian.com/world/2023/oct/16/venezuela-us-sanctions-deal-elections
From 2022 Rooters cannot be linked
U.S. ties easing of Venezuela sanctions to direct oil supply
By Marianna Parraga and Matt Spetalnick
March 9, 20225:00 AM ESTUpdated 2 years ago
Venezuela has onshore oil of low quality. It needs to be mixed with lighter oils for most refineries. Essequibo offshore oil is high grade oil.
Maduro doesn’t have the resources to extract Guyana’s offshore oil so he would lease it out and take a cut of production. It’s more profitable when the leases are owned/claimed.
This is how socialism builds wealth -by stealing. If you can grab it and defend it it’s yours.
They have lots of oil, but American colonialism, climate change, economic inequality, racism, homophobia, and genocide of trans people of color have wrecked their oil industry as well as their economy. D**n those evil Americans!
Because communism ruins everything.
CC