Venezuela, Trump and Oil
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Venezuela, Maduro
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With Nicolás Maduro in U.S. custody, who is Venezuela's new acting President Delcy Rodríguez, and what are her chances of remaining in power?
Machado has been effusive in her support for Trump and his highly controversial attacks on Venezuelan “drug-boats” and “narco-terrorists” that have killed at least 115 people. UN experts have dubbed the strikes “extrajudicial executions”.
The 56-year-old, newly sworn-in president assumed Venezuela's most powerful office as interim president after U.S. forces captured President Nicolás Maduro on Jan. 3. She formally took the oath of office on Jan. 5, sworn in by her brother Jorge Rodriguez, president of Venezuela's National Assembly.
The capture of Nicolás Maduro is a devastating blow to the alliance between Venezuela and Cuba. Many wonder if the island nation will be targeted next.
On Saturday morning, in what the Trump administration dubbed Operation Absolute Resolve, Delta Force commandos entered the compound of Venezuelan President Nicolás Maduro and extracted him from his own country. They took his wife too, and killed dozens of Venezuelans in their path.
OK, thank you very much. This is big stuff. And we appreciate you being here. Late last night. And early today. At my direction, the United States armed forces. Conducted an extraordinary military operation in the capital of Venezuela. Overwhelming ...
The secretary of state said that a military “quarantine” on some oil exports would stay in place to put pressure on the country’s acting leadership.
Operation Absolute Resolve, that resulted in the capture of Nicolás Maduro, echoes the 1990 U.S. invasion of Panama that brought down Manuel Noriega. But big differences abound.
Trump appears to view Venezuela the way private equity investors view bloated chain restaurants — namely, as underperforming assets, hiding under a scaffolding of overhead costs that are ripe for re-structuring — and with the proceeds going back to the guys behind the takeover.