WASHINGTON (Realist English). History pushes the global market to new armed crimes. One of the next victims, according to the laws of organic chemistry, ought to be Venezuela. Last week, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Saudi Arabia and Russia, announced that they would cut production by two million barrels per day. The United States, whose oil reserves are running out, and the ceiling of prices for Russian oil, coupled with the hydrocarbon plunder of Syria and Iraq, no longer covers the growing needs, are forced to look for a symmetrical answer. The shortest formula for revenge is the absorption of Venezuela.
A number of American refineries specialize in processing the heavy Venezuelan oil, with which the Venezuelan oil industry forms a single complex. Simply put, the Americans have nowhere else to get the necessary oil, and Venezuela has nowhere to sell the bulk of its production. They are technically connected in a Gordian knot. This is despite the fact that the United States remains an irreconcilable enemy of the Venezuelan government. More recently, another American attempt to organize “orange” chaos and an unconstitutional coup in Caracas has been thwarted.
But even without a coup, the country is experiencing a regular economic terror on the part of the United States. Due to the harsh sanctions of Western countries, under which even the closest allies bend, Venezuela is currently on the verge of default. It is being shaken up much more harshly than the USSR at the end of the XX century. In addition to the Fifth Column and the orchestrated shortage of vital commodity items for the population, direct terrorist attacks on infrastructure and constant sabotage at refineries are carried out.
The food crisis, artificially created from the outside, is growing. With threats and economic blackmail, the United States is forcing neighboring countries to block trade with Caracas. The Venezuelan government cannot buy food even if there is cash. At the state level, they are forced to organize contraband food supplies. There is a danger of mass starvation.
The only chance for the Bolivarian Republic is to survive until the explosive rise in oil prices takes place. Theoretically, help could come from China. However, most observers believe that Beijing will not dare to escalate. Perhaps in its traditional manner: the creation of a joint venture and the sale of oil to China at cost price.
The chance for a longer term is to master oil refining on the territory of the country as quickly as possible, enlisting the technological and military support of allies – i.e. China and Russia.
Another interesting news of September is about the creation of a Russian-Venezuelan oil and gas consortium. Russia will have the opportunity to work on fields and blocks in the state of Carabobo, where Russian companies were not previously represented. Industrial cooperation will gradually allow the Venezuelan oil industry to gain technological independence from Washington. But this is in the long run. And right now, the United States needs to bring the people to a critical point and use them to overthrow the government. They desperately need this oil.
