The U.S. has struck a deal to take majority control of more than 65 billion barrels of Venezuela’s oil reserves, nine months after the U.S. military abducted President Nicolás Maduro and his wife Cilia Flores in a raid on Caracas and two months after The New York Times revealed that U.S. Secretary of State Marco Rubio has become the de facto viceroy of Venezuela, effectively controlling Venezuela’s finances, the distribution of its natural resources and its government. The new oil deal gives the Department of Defense a 35% stake in a joint U.S.-Venezuelan private company that now holds 100-year leases to 17 oil fields. It also gives the U.S. the right to buy some of the oil produced at cost — a major triumph for the Trump administration as the war on Iran depletes the United States’ strategic oil reserves. Venezuela’s acting President Delcy Rodríguez claims U.S. investment in Venezuela’s oil industry will jumpstart the country’s floundering economy, but critics, including Venezuelan economist Francisco Rodríguez, say the deal is not only “unfavorable to Venezuela” but also appears to violate the Venezuelan Constitution.
This exact scenario already happened, was it chevron? I forget but chevron never left, exxon and the other majors left when they nationalized, that was before chevron merged with some other dickheads if I recall and were somewhat smaller but still large. Now they are fucking satan incarnate but that’s another story.
The oli major filed a case in fed court in texas, the court ruled for the company, not sure if Venezuela sent an attorney even, and the court was petitioned to seize assets, which they did, including some billions of dollars worth of oil refineries if I recall but I don’t quite recall.
But ships, oil cargoes, all sorts of shit, the US can seize. Because who is going to stop them?