Posted on 01/07/2026 8:54:34 AM PST by Red Badger
China is livid, and they’re not hiding it.
After Trump announced the U.S. will refine and sell up to 50 million barrels of Venezuelan oil previously frozen under sanctions, Beijing fired back, calling the move a blatant power grab and a direct hit on their interests.
Why? Because that oil wasn’t just sitting there, China had already paid for a big chunk of it, through loan-for-oil deals and state-backed agreements with Maduro’s regime.
Trump’s plan? Ignore all that, break the blockade, grab the barrels, and reroute them to U.S. refineries.
The pitch: American energy security, because the U.S. is in charge now.
This is also about who gets to call the shots in Venezuela post-Maduro, and right now, Beijing just got boxed out while Washington takes over the chessboard.
It’s a high-stakes geopolitical standoff over energy, influence, and who controls Latin America’s future.
China just lost billions in oil access, but the U.S. just cashed in.
Source: Reuters, VIDEO AT LINK..............
(Excerpt) Read more at x.com ...
Was this condemnation before we attacked the Russian vessel?
Of course it’s a blatant power grab!
China’s oil is getting Shanghaied...
But it isn’t their oil unless they already paid for it, and in that case we can make up for it with a few tankers of soybeans.
It’s just a down payment on all the intellectual property China steals.
My understanding is China was stealing what was previously stolen from the U.S.
How much has China paid the US for all the American equipment and technology chavez stole to get the oil out of the ground???
When China stops stealing intellectual property I’ll listen
Why does China need oil? They make windmills.
Venezuela’s economy is overwhelmingly dependent on oil exports, which account for about 95% of its export revenue. China has been the dominant buyer since around 2010, absorbing roughly 90-95% of Venezuela’s crude shipments—equivalent to about 4% of China’s total oil imports—often at discounted rates through loan-for-oil deals totaling over $60 billion in Chinese financing since 2007.
China effectively has been financing Maduro’s drug trafficking operations for years.
Not any more.
We might sell it back to ya for.... say.... a few kilos of pure silver.
Even windmills need oil..................
Tampon Tim and the Rats will be livid!
Good way to put it.
So is Venezuela belong to china now?!
>>China had already paid for a big chunk of it, through loan-for-oil deals and state-backed agreements with Maduro’s regime.
All investments carry risk of default. China is welcome to seek compensation from Maduro.
War.
Or on the over $1 trillion in unpaid Chinese railroad bonds that American families own that China hasn’t paid a penny on since they went communist.
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