Escobar: How Trump's Oily Dreams May Collapse In A Venezuelan Dark Pit

The article examines the complexities of the oil situation in Venezuela, contrasting it with simplistic views held by the "Trump 2.0 gang." The author criticizes potential US policies, including threats and demands such as removing Iranian and Cuban operatives, and halting oil sales to adversaries. The plan involves controlling PDVSA's oil sales, with profits supposedly benefiting Venezuelans, a strategy facing resistance. China's role is highlighted, emphasizing its energy independence and long-term financial contracts deeply embedded in Venezuela's oil industry. The infrastructure is heavily reliant on Chinese technology and expertise, making a transition to US control difficult. The text notes the challenges in Venezuela's superheavy oil production, requiring significant investment and infrastructure. The author exposes the potential for short-term financial gains by US hedge funds, highlighting their opportunistic acquisitions. The article concludes by suggesting a confrontation where the US might cut off Venezuelan oil flow to China.. The piece posits that the Trump administration's plans are fundamentally flawed and underestimate the obstacles.