US to Control Venezuela Oil Sales: “Mafioso Imperialism” Concerns Emerge
The US government will maintain indefinite control over the sales of Venezuelan oil, even as restrictions on the country’s crude are relaxed for global markets. Officials anticipate the initial sale of 30 to 50 million barrels, with revenue managed by the US to influence the Venezuelan government. Despite assertions from the White House, Venezuela’s state-run oil company claims negotiations regarding oil sales are still ongoing. While US officials intend to use the funds to stabilize Venezuela’s economy and benefit its people, some critics, like Senator Chris Murphy, have called the plan “insane” due to its control and micromanagement of Venezuela’s assets.
John Q. Hosedrinker