Maduro: Oil, gold & other riches behind Trump’s Venezuela crusade







US sanctions also did their job, Maduro said. He labelled Washington’s restrictions against state-run oil company Petroleos de Venezuela SA (PDVSA) and its US subsidiary Citgo illegal, saying Caracas will respond. “What they have done has no name, it has never been done against any country,” stated Maduro.

CIA World Factbook for 2017 says Venezuela has the world’s biggest proven crude oil reserves, surpassing those of Saudi Arabia, Canada, Iran and Iraq. During the crisis, Venezuelan officials suggested that oil is behind US attempt to replace Maduro with someone friendlier to Washington.

As Bush-era arch-hawk John Bolton put it, the US had “a lot at stake” in Venezuela’s affairs. “It will make a big difference to the United States economically if we could have American oil companies invest in and produce the oil capabilities in Venezuela,” he told Fox Business host Trish Regan.

The US has steadily toughened sanctions on Venezuela in recent years in an effort to weaken the government and destabilize economy. Some international observers believe the sanctions and economic war hit Venezuela’s people in the first place, contributing to the lack of medicine, malnutrition and mortality.


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