Tag: Cuba

VENEZUELA: ROUNDUP -4- GUAIDO SEEKS TO SELL OUT VENEZUELA’S OIL INDUSTRY, AND U.S. IS WILLING TO BUY

Tina Marie (Ms. Cat)

13 March 2019 — 

Juan Guaido, the self-proclaimed “interim president” of Venezuela, has offered to sell out Venezuela’s oil industry to foreign private companies, and the U.S. has expressed its willingness to buy.

Guaido has proposed a “draft legislation” that will sell Venezuela’s oil reserves to private companies, a Reuters report said. The move would shrink the participation of state-run oil company PdVSA.

Ricardo Hausmann, Guaido’s delegate to the Inter-American Development Bank, said, “We need to change the current framework. We need to open up the oil industry to private investment.”

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The U.S. Has Venezuela in Its Crosshairs

Tina Marie (Ms. Cat)
Vijay Prashad, Independent Media Institute, January 17, 2019.

Venezuelan President Nicolas Maduro addresses international observers at the presidential palace in Caracas. (AP)

Last Thursday—on January 10—Nicolas Maduro was sworn in for his second term as president of Venezuela. “I tell the people,” Maduro said, “this presidential sash is yours. The power of this sash is yours. It does not belong to the oligarchy or to imperialism. It belongs to the sovereign people of Venezuela.”

These two terms—oligarchy and imperialism—define the problems faced by Maduro’s new government.

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