Will Venezuela Go To War Over Oil? By Viktor Katona - Jan 23, 2021, 6:00 PM CST
January 2021 is still far from over yet the pages of Oilprice already boast 6 articles about Guyana being the hottest drilling spot in the world. This is hardly surprising, considering the hot streak that ExxonMobil had over the past 5 years, with new companies coming in and stepping up the drilling game. The interest globally attributed to Guyana has aggravated Venezuela’s long-standing grievances over the disputed Essequibo province – before 2015 the Venezuela vs Guyana oil standoff was akin to a David vs Goliath story but now, with Guyana building up its oil reserves tally and continuing to attract new investors, the balance has become a lot more nuanced. Amidst all of this, Venezuelan President Nicolás Maduro has pledged to reconquer Essequibo. At first glance, the proposition that Venezuela should go to war over a disputed territory, let alone with Guyana, seems rather dubious. Ve
Written by Parker Asmann and Seth Robbins, DECEMBER 22, 2020
President-elect Joe Biden has a chance to reset the table on US-Latin American relations, but the Trump administration’s schizophrenic, transactional approach may leave some lasting scars that will be hard to cover.
Trump was sometimes bellicose, sending warships to the Caribbean in a clear bid to intimidate Venezuela and demanding that Mexico and Colombia continue hard-line measures against drug trafficking in spite of little evidence this approach was working. In fact, cocaine production continued to soar in Colombia, overall security in Mexico deteriorated into unprecedented violence and Venezuela did not flinch.
Colombian businessmen tied to Maduro going to house arrest January 21, 2021 at 3:21 pm
CARACAS, Venezuela (AP) Authorities in the African nation of Cabo Verde said Thursday they have approved transferring a jailed Colombian businessman with close ties to Venezuelan President Nicolás Maduro to house arrest.
Alex Saab, 49, has been held in jail by the island nation since June on a U.S. arrest warrant. He has since been fighting extradition to Miami, where he is charged with corruption.
U.S. officials believe Saab holds many secrets about how Maduro, his family and top aides allegedly siphoned off millions of dollars in government contracts amid widespread hunger in the oil-rich nation.
In the last two years, Trump has sought to exert pressure on Venezuelan president Nicolás Maduro to end what US officials call his illegitimate hold on power
After the most fraught U.S. presidential transition in living memory, world leaders and top officials, along with ordinary people across the globe, are watching closely as Biden s inauguration approaches.