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Why China Should Switch Sides in Venezuela
Bloomberg, by Juan Guaidó

Original Article

Posted By:Moritz55, 4/15/2019 2:46:20 PM

China is the world´s largest oil importer and Venezuela has the largest proven oil reserves in the world. For those two reasons alone, the economic relationship between our nations will inevitably grow. In fact, we hope for even more. There are many areas besides oil in which we can mutually benefit from trade and cooperation in the future. For that relationship to blossom, however, Venezuela has to change and abandon a model of governance that’s ruined us economically. The country is suffering a devastating humanitarian crisis: At least 87 percent of Venezuelans live in poverty

      


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Reply 1 - Posted by: seamusm, 4/15/2019 2:53:06 PM     (No. 11965935)

Why should the ChiComs want to do Venezuela a favor and let the market dictate the price of oil when they could continue to prop up Maduro and his kleptocrats and get oil at more favorable terms?

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Reply 2 - Posted by: Philipsonh, 4/15/2019 4:06:13 PM     (No. 11965990)

Venezuela has to rid themselves of a tyrant.

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Reply 3 - Posted by: Attila DiMedici, 4/15/2019 5:11:01 PM     (No. 11966019)

#1, the answer to your question is that, as things stand, it will not be much longer before Venezuela will be unable to get the oil out of the ground. When that happens, the cost to fix things and get the oil flowing again will be much higher than the current market price of oil. It has likely already passed the point where it will be possible to keep the oil flowing at market prices.

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Reply 4 - Posted by: davew, 4/15/2019 5:26:36 PM     (No. 11966029)

China is focused on defeating just one hegemon in this world and that is the US. They would never freely aid the side that has been anointed by their arch enemy. They would only aid Guaido if it could determine that it would weaken us economically or politically. At this point it would look like they were stepping in to be the "hero" for human rights by aiding Guaido and that´s just not in their playbook. They gain more by letting us get in a proxy battle for control of Venezuela with Putin and would really rejoice if we committed troops.

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Reply 5 - Posted by: bad-hair, 4/15/2019 5:59:11 PM     (No. 11966052)

Because Venezuela is expensive.

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Reply 6 - Posted by: red1066, 4/15/2019 6:19:06 PM     (No. 11966062)

Venezuela may have large oil reserves, but getting that tar like oil out of the ground is expensive. The oil is also highly contaminated which means it´s needs extra refining to make it useful. All that processing means oil from Venezuela is more expensive.

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Reply 7 - Posted by: jacksin5, 4/16/2019 9:32:14 AM     (No. 11966585)

The question remains. Is Guaido, an avowed Socialist, as was Chavez and Maduro before him, going to change how Venezuela will be ruled?

Exchanging Russian support for Chinese doesn´t sound all that promising.

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It has been more than three months since the U.S. accelerated its onslaught of economic sanctions on Venezuela, coupled with the back of a new interim President – heightening official expectation that the Nicolas Maduro-led regime would crumble. Only the socialist dictatorship has failed to fall. While there an array of factors to blame, analysts are pointing to illicit trafficking rings as a fundamental Maduro lifeline. “The Venezuelan military forces has become a narco-criminal, armed organization. Most of the top and mid-commanders are deeply involved in corruption, drug operations, and serious human rights abuses,” Johan Obdola, president of Latin

   

 

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