4 ms·

Do we know who's been installed as a replacement? As with Libya, getting rid of a bad leader doesn't necessarily make the situation better.

by pjc50 10mo ago

ReflectedImage 10mo ago
Replacement? They haven't overthrown the Venezuela government just captured it's figure head.
- malcolmxxx 10mo ago
  True. Maduro has not been the president since the last elections; he merely usurped the position. You cannot perform such an action without facing some constraints. For him, personally, maybe this was the better outcome.
Qem 10mo ago
The vice-president: https://en.wikipedia.org/wiki/Delcy_Rodr%C3%ADguez https://en.wikipedia.org/wiki/Delcy_Rodr%C3%ADguez
speed_spread 10mo ago
They don't care about "better" they just want the oil reserves for themselves.
- spwa4 10mo ago
  First, read up on Venezuela's oil. I don't think that's the case. At the very least it's very expensive oil, hard to use and very bad for engines, refineries and for the environment and also oil is over (meaning oil will go into terminal decline probably before 2028 and that will be the end of the oil companies) Second, when the US did have Venezuela's oil things were going a lot better in Venezuela for the whole population. So would that really be such a bad thing? Third, Chavez made things so bad in Venezuela it's tough to imagine this making it worse. Oh and then he died and Maduro came ... and made things worse.
  - monerozcash 10mo ago
    Yeah, literally nobody but the US could possibly profitably extract Venezuelan oil at any meaningful scale.
    - spwa4 10mo ago
      If you're going to go with conspiracy theories, China is desperate for oil and was openly allying with Venezuela, and so was, ironically, petrostate Russia, although that's ending (for now). I bet Putin is looking for contingency plans though. Even though Venezuela is not exactly the easiest to reach for either of them, but beggars can't be choosers. Preventing any progress here might have been worth a lot to both the US and the EU. And, yes, I know how it sounds, but this will be pretty helpful with the Ukraine war. Yes, really. Of course leftist tankies will be mad the billionaire fake-communist "revolution" that started with Chavez and should have ended 20 years ago is now very likely over. Of course, most Venezuelans (75% according to the opposition) would describe that revolution as a nightmare. Of course I doubt 75% of Venezuelans wanted the US to resolve it.
      - monerozcash 10mo ago
        I seriously doubt either China or Russia could manage to extract significant quantities of Venezuelan oil at a profit even if the US lifted all sanctions and completely forgot about Venezuela. The costs of getting production set up at are so high compared to the relatively bleak outlook for the oil market, it's likely that Venezuelan oil isn't a hugely attractive proposition for anyone.
        spwa4 10mo ago
        China is desperate, and also the enemy of essentially every source of oil ... "except" Venezuela (disregarding the fact that of course Maduro can't be trusted, and thus isn't really an ally of China. More accurately they're both desperate and might be able to help one another). Russia is also desperate. And is extracting oil in Venezuela easier than doing it while under Ukrainian bombardment? Good question but we can summarize: extracting oil inside Russia is failing, thanks to Putin's 3-day special military operation ... and they've already had to import fuel twice in the past 6 months, despite how utterly ridiculous that is: the country that out-produced Saudia Arabia when it comes to oil needed to import fuel.

Do we know who's been installed as a replacement? As with Libya, getting rid of a bad leader doesn't necessarily make the situation better.

by pjc50 10mo ago

Do we know who's been installed as a replacement? As with Libya, getting rid of a bad leader doesn't necessarily make the situation better.

ReflectedImage 10mo ago

Replacement? They haven't overthrown the Venezuela government just captured it's figure head.

malcolmxxx 10mo ago
True. Maduro has not been the president since the last elections; he merely usurped the position. You cannot perform such an action without facing some constraints. For him, personally, maybe this was the better outcome.

Qem 10mo ago

The vice-president: https://en.wikipedia.org/wiki/Delcy_Rodr%C3%ADguez https://en.wikipedia.org/wiki/Delcy_Rodr%C3%ADguez

speed_spread 10mo ago

They don't care about "better" they just want the oil reserves for themselves.

spwa4 10mo ago
First, read up on Venezuela's oil. I don't think that's the case. At the very least it's very expensive oil, hard to use and very bad for engines, refineries and for the environment and also oil is over (meaning oil will go into terminal decline probably before 2028 and that will be the end of the oil companies) Second, when the US did have Venezuela's oil things were going a lot better in Venezuela for the whole population. So would that really be such a bad thing? Third, Chavez made things so bad in Venezuela it's tough to imagine this making it worse. Oh and then he died and Maduro came ... and made things worse.
- monerozcash 10mo ago
  Yeah, literally nobody but the US could possibly profitably extract Venezuelan oil at any meaningful scale.
  - spwa4 10mo ago
    If you're going to go with conspiracy theories, China is desperate for oil and was openly allying with Venezuela, and so was, ironically, petrostate Russia, although that's ending (for now). I bet Putin is looking for contingency plans though. Even though Venezuela is not exactly the easiest to reach for either of them, but beggars can't be choosers. Preventing any progress here might have been worth a lot to both the US and the EU. And, yes, I know how it sounds, but this will be pretty helpful with the Ukraine war. Yes, really. Of course leftist tankies will be mad the billionaire fake-communist "revolution" that started with Chavez and should have ended 20 years ago is now very likely over. Of course, most Venezuelans (75% according to the opposition) would describe that revolution as a nightmare. Of course I doubt 75% of Venezuelans wanted the US to resolve it.
    - monerozcash 10mo ago
      I seriously doubt either China or Russia could manage to extract significant quantities of Venezuelan oil at a profit even if the US lifted all sanctions and completely forgot about Venezuela. The costs of getting production set up at are so high compared to the relatively bleak outlook for the oil market, it's likely that Venezuelan oil isn't a hugely attractive proposition for anyone.
      - spwa4 10mo ago
        China is desperate, and also the enemy of essentially every source of oil ... "except" Venezuela (disregarding the fact that of course Maduro can't be trusted, and thus isn't really an ally of China. More accurately they're both desperate and might be able to help one another). Russia is also desperate. And is extracting oil in Venezuela easier than doing it while under Ukrainian bombardment? Good question but we can summarize: extracting oil inside Russia is failing, thanks to Putin's 3-day special military operation ... and they've already had to import fuel twice in the past 6 months, despite how utterly ridiculous that is: the country that out-produced Saudia Arabia when it comes to oil needed to import fuel.