Reports suggest the U.S. is seeking long-term control over Venezuela’s vast oil and gas reserves, a move that has drawn sharp criticism as exploitative and potentially unlawful. Critics accuse the administration of pursuing what amounts to a land grab, following its earlier intervention in the country’s leadership. The reports come amid ongoing political turmoil, with the U.S. already involved in Venezuela’s governance since a high-profile detention earlier this year. Opposition has framed the potential deal as aggressive and contrary to legal norms.
Critics call move to gain long-term access to country’s massive energy reserves ‘predatory’ and ‘unconstitutional’Reports that the US is preparing to claim a big stake in Venezuela’s massive energy reserves have sparked an outcry, with critics describing the move as “predatory” and a “rapacious” land grab.Several media outlets this week reported that the Trump administration – which abducted Venezuela’s authoritarian president, Nicolás Maduro, in January and has steered the South American country ever since – hopes to secure long-term access to its oil and gasfields. Continue reading...
