Matthew Smith, OilPrice.com: Venezuela’s Oil Riches Are Quietly Falling Under Russian Control
For decades during the Cold War, Latin America was a focal point of conflict between the two superpowers, the U.S. and Soviet Union. While the U.S. emerged victorious after the Soviet Union dissolved in 1991, Putin’s Russia could achieve what the Soviet Union couldn’t for four decades, gain an upper hand in the silent war for Latin America.
A key development supporting Moscow’s ambitions in Latin America is Venezuela’s economic collapse and the emergence of one of the worst humanitarian crises in modern history. Venezuela, which holds the world’s largest oil reserves, was once Latin America’s richest and most stable democracies. Its thriving cosmopolitan capital Caracas has long been considered the cultural jewel of South America.
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WNU Editor: Don't count your chickens until they are hatched. Russia may have "control" over Venezuela's oil wealth, but they are not profiting from it now, and may not in the future under a new government (which I predict will eventually happen).
8 comments:
So when Venezuela's "new government" tells Russia to give the oil back assuming they actually do, you expect Russia is going to do so? Actually any government there be it the current one or a new one serves strictly at the pleasure of the Russians. So a "new government" will not do anything the Russians don't approve of.
Poster, I disagree. If the locals don't want the Russians there and they try to stay I think things will get ugly for Putin's boys.
I also think Putin's foreign policy is not much of a hit with Ivan on the street though if the recent vote is a statement Putin still has support. There's a younger generation coming onto the scene in Russia. I'm thinking of them. Especially if things get ugly in Venezuela.
Anon (8:31)
You Your raise good points and could be correct. Thank you for the reply.
I will say if the locals are going to get the Russians out they are likely going to need help from someone on the outside. Furthermore it is my considered opinion who the locals will be dealing with will be considerably more ruthless and backed up with aklot better Intel than the US or "western" forces would be. I'd also expect the Russian government to be fully committed to any effort to retain the oil. In contrast, it's not uncommon for elements of the US political class to work against a POTUS they don't like.
Good Comrade Poster lays down the LAW!
Not sure what you're talking about. I have no control over US or Russian foreign policy. There's no "law" here for me to lay down.
For what it's worth, making sure you have access to a stable and reasonably priced supply of oil is one of the most important duties of any national government.
The question is when will the Free world act and allow this ‘new’ government to take power. Second, once that happens I am sure they will want their oil riches back and the US will support them. But, #1 needs to happen first to allow that. I am actually saddened that we have allowed this to occur so long.
Товарищ Плакат, половой член:
они к вам! Пришло время отремонтировать свою грязную задницу в рабочий лагерь. Ты подвел своего хозяина, Путин!
power hungry fools
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