The Prague Post - Trump says US could run Venezuela and its oil for years

EUR -
AED 4.246253
AFN 73.412301
ALL 96.383428
AMD 432.970609
ANG 2.06934
AOA 1060.262144
ARS 1636.671131
AUD 1.648055
AWG 2.081213
AZN 1.946815
BAM 1.945334
BBD 2.33932
BDT 140.653282
BGN 1.905057
BHD 0.436402
BIF 3446.855486
BMD 1.156229
BND 1.488273
BOB 7.947244
BRL 6.101771
BSD 1.161523
BTN 105.632694
BWP 15.762816
BYN 3.41797
BYR 22662.097436
BZD 2.336005
CAD 1.566274
CDF 2569.722857
CHF 0.900674
CLF 0.027015
CLP 1066.36766
CNY 7.974226
CNH 8.004091
COP 4362.095325
CRC 554.601187
CUC 1.156229
CUP 30.640081
CVE 109.674946
CZK 24.417371
DJF 206.830097
DKK 7.470491
DOP 69.151867
DZD 152.372523
EGP 61.02618
ERN 17.343442
ETB 180.155581
FJD 2.559256
FKP 0.862058
GBP 0.865959
GEL 3.150736
GGP 0.862058
GHS 12.444051
GIP 0.862058
GMD 84.98315
GNF 10184.667415
GTQ 8.823529
GYD 240.615484
HKD 9.03672
HNL 30.742646
HRK 7.534454
HTG 152.373232
HUF 398.075938
IDR 19611.964118
ILS 3.599232
IMP 0.862058
INR 106.678528
IQD 1521.522412
IRR 1527032.248961
ISK 145.103668
JEP 0.862058
JMD 181.898769
JOD 0.819778
JPY 183.205133
KES 149.326829
KGS 101.113018
KHR 4660.899182
KMF 490.241182
KPW 1040.60617
KRW 1720.718026
KWD 0.356095
KYD 0.96794
KZT 573.853122
LAK 24871.630399
LBP 104011.02834
LKR 361.341797
LRD 209.890783
LSL 19.427998
LTL 3.414045
LVL 0.699391
LYD 7.401283
MAD 10.725596
MDL 20.088161
MGA 4836.729426
MKD 61.623919
MMK 2428.164112
MNT 4126.69093
MOP 9.354947
MRU 46.482626
MUR 54.262112
MVR 17.875451
MWK 2014.048286
MXN 20.681499
MYR 4.582152
MZN 73.93
NAD 19.427914
NGN 1617.726717
NIO 42.741651
NOK 11.176709
NPR 170.6918
NZD 1.957271
OMR 0.444569
PAB 1.150112
PEN 3.961388
PGK 5.002452
PHP 68.773679
PKR 324.431942
PLN 4.278278
PYG 7599.172804
QAR 4.194036
RON 5.096773
RSD 117.417397
RUB 90.472962
RWF 1694.125658
SAR 4.34048
SBD 9.302077
SCR 17.218673
SDG 695.47418
SEK 10.692914
SGD 1.479857
SHP 0.867472
SLE 28.356498
SLL 24245.552932
SOS 662.58244
SRD 43.539555
STD 23931.615425
STN 24.610458
SVC 10.162568
SYP 127.855757
SZL 19.43339
THB 37.069297
TJS 11.058008
TMT 4.058365
TND 3.378921
TOP 2.783923
TRY 50.971075
TTD 7.87029
TWD 36.881429
TZS 2983.072234
UAH 50.753615
UGX 4244.166295
USD 1.156229
UYU 45.246572
UZS 14025.542285
VES 491.561711
VND 30382.819662
VUV 138.024512
WST 3.168634
XAF 658.922967
XAG 0.013856
XAU 0.000227
XCD 3.124768
XCG 2.093286
XDR 0.819482
XOF 658.920105
XPF 119.331742
YER 275.760792
ZAR 19.361074
ZMK 10407.458324
ZMW 22.456987
ZWL 372.305415
  • CMSC

    -0.1050

    23.185

    -0.45%

  • CMSD

    -0.0100

    23.2

    -0.04%

  • BCC

    -3.6800

    71.73

    -5.13%

  • GSK

    -0.1150

    54.4

    -0.21%

  • NGG

    -1.2300

    88.65

    -1.39%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • RIO

    -2.1600

    88.03

    -2.45%

  • BCE

    -0.3850

    25.685

    -1.5%

  • RYCEF

    -0.2000

    17

    -1.18%

  • JRI

    -0.1840

    12.386

    -1.49%

  • RELX

    -0.6810

    35

    -1.95%

  • AZN

    -3.5150

    190.795

    -1.84%

  • VOD

    -0.3450

    14.165

    -2.44%

  • BP

    -0.0600

    40.4

    -0.15%

  • BTI

    -0.0700

    57.79

    -0.12%

Trump says US could run Venezuela and its oil for years
Trump says US could run Venezuela and its oil for years / Photo: Federico PARRA, Mandel NGAN - AFP/File

Trump says US could run Venezuela and its oil for years

The United States could run Venezuela and tap into its oil reserves for years, President Donald Trump said in an interview published Thursday, less than a week after toppling its leader Nicolas Maduro.

Text size:

"Only time will tell" how long Washington would demand direct oversight of the South American country, Trump told The New York Times.

But when asked whether that meant three months, six months or a year, he replied: "I would say much longer."

The 79-year-old US leader also said he wanted to travel to Venezuela eventually. "I think at some point it'll be safe," he said.

US special forces snatched president Maduro and his wife in a lightning raid on Saturday and whisked them to New York to face trial on drug and weapons charges, underscoring what Trump has called the "Donroe Doctrine" of US hegemony over its backyard.

Since then Trump has repeatedly asserted that the United States will "run" Venezuela, despite the fact that it has no boots on the ground.

Venezuela's interim leader Delcy Rodriguez insisted that no foreign power was governing her country. "There is a stain on our relations such as had never occurred in our history," Rodriguez said of the US attack.

But she added it was "not unusual or irregular" to trade with the United States now, following an announcement by state oil firm PDVSA that it was in negotiations to sell crude to the United States.

- 'Tangled mess' -

Oil has in fact emerged as the key to US control over Venezuela, which has the world's largest proven reserves.

Trump announced a plan earlier this week for the United States to sell between 30 million and 50 million barrels of Venezuelan crude, with Caracas then using the money to buy US-made products.

On the streets of Caracas, opinions remain mixed about the oil plan.

"I feel we'll have more opportunities if the oil is in the hands of the United States than in the hands of the government," said Jose Antonio Blanco, 26. "The decisions they'll make are better."

Teresa Gonzalez, 52, said she didn't know if the oil sales plan was good or bad.

"It's a tangled mess. What we do is try to survive, if we don't work, we don't eat," she added.

Trump, who will meet oil executives on Friday, is also considering a plan for the US to exert some control over Venezuela's PDVSA, the Wall Street Journal reported.

The US would then have a hand in controlling most of the oil reserves in the Western Hemisphere, as Trump aims to drive oil prices down to $50 a barrel, the paper reported.

Vice President JD Vance underscored that "the way that we control Venezuela is we control the purse strings."

"We tell the regime, 'you're allowed to sell the oil so long as you serve America's national interest,'" he told Fox News host Jesse Watters in an interview broadcast late Wednesday.

- 'Go like Maduro' -

Vance, an Iraq veteran who is himself a skeptic of US military adventures, also addressed concerns from Trump's "Make America Great Again," saying the plan would exert pressure "without wasting a single American life."

The US Senate is voting Thursday on a "war powers" resolution to require congressional authorization for military force against Venezuela, a test of Republican support for Trump's actions.

Caracas announced on Wednesday that at least 100 people had been killed in the US attack and a similar number wounded. Havana says 32 Cuban soldiers were among them.

Trump's administration has so far indicated it intends to stick with Rodriguez and sideline opposition figures, including Nobel Peace Prize winner Maria Corina Machado.

But Rodriguez's leadership faces internal pressures, analysts have told AFP, notably from her powerful Interior Minister Diosdado Cabello and Defense Minister Vladimir Padrino Lopez.

"Her power comes from Washington, not from the internal structure. If Trump decides she's no longer useful, she'll go like Maduro," Venezuela's former information minister Andres Izarra told AFP in an email.

 

A day after Colombia's leftist President Gustavo Petro spoke with Trump on Wednedsday, Bogota said Thursday it had agreed to take "joint action" against cocaine-smuggling guerrillas on the border with Venezuela.

burs-dk/iv

S.Janousek--TPP