The prize in Venezuela is obvious: the world’s largest oil reserves. It’s hard to believe that either the US or Russia would pass up that prize. From the Anti-Media News Desk at theantimedia.org:
There’s no denying that Venezuela is deeply embroiled in a significant crisis. While most are aware of the country’s recent string of violent protests, food shortages and government crackdowns on opposition protesters, few are aware of the opposition’s use of underhanded and downright illegal tactics, as well as the United States’ role in funding opposition forces.
The U.S. has long had its sights set on Venezuela, which possesses the largest proven oil reservesin the world, particularly following the “revolution” that began with the election of the late President Hugo Chávez and has continued under his successor Nicolás Maduro. But changing circumstances within Venezuela may soon push the U.S. to repeat a nefarious practice it has carried out elsewhere – funding a proxy war in order to prevent Venezuelan oil from falling into Russian and Chinese hands.
And now, the stakes may now be too high for the U.S. to allow Maduro’s regime to collapse under the weight of economic sabotage. By all accounts, Venezuela’s state-owned oil company PDVSA is already on the brink of collapse.
While this would normally be good news for those who seek to see Maduro toppled, there is a caveat that is causing panic in Washington. As the text of S.1018 points out, PDVSA – if and when it collapses – would default on its $4 to $5 billion loans from Rosneft, Russia’s state-owned oil company.
Although Russia and Venezuela enjoy a political alliance, Russia has already taken action over the unpaid debt. In April, a Russian state-run shipping company took $30 million in Venezuelan oil hostage over PDVSA’s unpaid debt. Rosneft would likely follow suit in the event of a major default.
To continue reading: Will Venezuela Be The Battleground In The Next U.S.-Russia Proxy War?