US takes control of Venezuela's oil
In tonight’s Spotlight, we examine Washington’s unprecedented control over Venezuela’s vast oil resources. Just months after a US military invasion that forcibly removed the democratically-elected President Nicolas Maduro, the Trump administration has announced a deal giving a US-controlled venture majority control over more than 65 billion barrels of Venezuela’s proven oil reserves.
What Washington calls investment and economic revival is being condemned by critics as a massive resource grab, raising serious questions about sovereignty, coercion, and the return of an old imperial model: Political intervention followed by control over a country’s natural wealth.
So is this really an economic partnership or resource control imposed through US power? And what does Venezuela’s oil tell us about the direction of American foreign policy?
That's what we'll be discussing with our guests in this edition of the program.
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