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vegeta@lemmy.world to politics @lemmy.world · 6 days ago

Trump launches ‘large-scale’ attack on Venezuela, captures Nicolas Maduro and wife

www.cnbc.com

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Trump launches ‘large-scale’ attack on Venezuela, captures Nicolas Maduro and wife

www.cnbc.com

vegeta@lemmy.world to politics @lemmy.world · 6 days ago
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  • yeehaw@lemmy.ca
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    6 days ago

    Is this not about oil?

    https://archive.is/UGEmT

    It just feels like doublespeak to me

    “The Maduros have been charged with conspiracy to commit narco-terrorism, cocaine importation conspiracy, possession of weapons and destructive devices, and conspiracy to possess machineguns and destructive devices against the U.S., according to Bondi’s post.”

    But then…

    "Venezuelan state-run energy company PDVSA’s oil production and refining were normal, and its key facilities had suffered no damage, according to an initial assessment, two sources with knowledge of the company’s operations told Reuters.

    The port of La Guaira near Caracas, one of the country’s largest but is not used for oil operations, was reported to have suffered severe damage, Reuters reported.

    Trump has repeatedly threatened action against Maduro. On Dec. 23, 2025, he said it would be “smart” for Maduro to leave power.

    Trump last month announced a blockade of sanctioned oil tankers moving in and out of Venezuelan waters, saying the country was “completely surrounded by the largest Armada ever assembled in the History of South America."

    • Washedupcynic@lemmy.ca
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      6 days ago

      It’s about oil, but it’s about so much more than oil. (Let’s not forget ExxonMobil’s history in Venezuela involves deep roots from Standard Oil (1920s) to its 2007 expropriation by Hugo Chávez, sparking a lengthy international legal battle over compensation for seized heavy oil assets, culminating in arbitration awards (around $1.6 billion) that Venezuela initially resisted paying but eventually settled partly, though the long-term deal structure remained complex amidst political shifts and declining production.

      Lots of trading for oil is done with US currency. This increases the demand for US currency and inflates it. Other countries are getting tired of America’s bullshit and switching to the petroyuan, which is form of the official Chinese currency, the yuan intended at least initially for oil trading. One of the reasons the petroyuan was created was that Russia, Venezuela and Iran may be able to avoid the United States’ sanctions, so nations such as Saudi Arabia, one of the main oil producers and extractors could avoid dollar hegemony and U.S. pressure. If enough countries switch to the petroyuan it will fuck the economy and the US dollar the way trump rapes little girls.

      What we are seeing here directly mirrors what happened in Iran in the 1950’s through 1980’s. The Anglo-Iranian Oil Company (AIOC) (now known as BP) played a central role in the events leading to the 1953 coup d’état that deposed Iran’s democratically elected Prime Minister, Mohammad Mosaddegh. Mosaddegh’s push to nationalize Iran’s oil industry, previously controlled by the British-owned AIOC, directly motivated the British and American governments to orchestrate his overthrow (known as Operation Ajax or Operation Boot).

      • ynthrepic@lemmy.world
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        6 days ago

        Thanks for the additional context.

        It is of course about all supposed benefits to the US of economic colonisation.

        The rare earth component seems less known. Articles like this may shed some light.

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