They most certainly do need oil. Biden managed to deplete the strategic reserve to lowest levels since the early 80s already, and the reserve is how US has been stabilizing the price of oil up to now. Once the reserve runs dry US is basically fucked because the whole country is built around car culture. I expect that dumping Guaido is the first step of US caving and recognizing Maduro government as the legitimate government they’re going to have relations with.
Venezuela might be hurting right now, but the government there is stable and there’s no imminent crisis. This puts Venezuela into a strong bargaining position. Demanding that US recognizes the government and UK returns foreign reserves is an obvious card to play here.
They most certainly do need oil. Biden managed to deplete the strategic reserve to lowest levels since the early 80s already, and the reserve is how US has been stabilizing the price of oil up to now. Once the reserve runs dry US is basically fucked because the whole country is built around car culture. I expect that dumping Guaido is the first step of US caving and recognizing Maduro government as the legitimate government they’re going to have relations with.
Venezuela might be hurting right now, but the government there is stable and there’s no imminent crisis. This puts Venezuela into a strong bargaining position. Demanding that US recognizes the government and UK returns foreign reserves is an obvious card to play here.
We’ll see how it plays out though.
I hope you’re right.