People are overestimating the role of Venezuelan oil not to mention that it is highly unlikely for the US to control all of Venezuelan oil reserves. Let alone extract it. By the time even 20% of it is extracted, the role and value of oil will be different from what it is today.
Venezuela's oil is ultra-heavy, viscous and sulfur-rich, requiring specialized, costly refining and upgrading, unlike lighter, sweeter crudes found in KSA.
Not to mention decades of underinvestment, mismanagement, cost of extraction (far greater than in KSA - which is the cheapest in the world).
Essentially it is of a very low quality.
No comparison here.
Also the US has no interest in flooding the oil market. It makes little sense from a financial viewpoint.
Any way not the least surprised that a failed state like Venezuela could allow itself to be humiliated in such a fashion. Obviously he must have been betrayed by elements of his own military and intelligence community.
Also not a surprise either as Latin America has been the historical backyard and playground of the US since the Spanish Empire lost its final colony in Cuba some 120-130 years ago. That is unlikely to change in the future. Most Latin American states are already aligned with the US politically and economically. The exceptions are socialist/populists governments that come and go and eventually are removed. When Lula is removed in Brazil, we will have another Bolsonaro that will be aligned with the US. That will eventually change again with the usual cycles but the US will remain the top dog in the region mainly due to lack of competitors in the vicinity.
Russia and China were always irreelvant in the Western Hemisphere.
Obviously moves like this are against all "international laws" but by now few people should take such drivel seriously. Might was always right throughout almost all of recorded history.
Hopefully this new geopolitical reality will give birth to strong Arab leaders that will work towards greater unification within the Arab world, even through force if needed. I personally hope that KSA will annex certain entities in the nearby future. We as Arabs need to protect and follow our interests in our own backyard even through force if necessary but that is a different discussion altogether. Goes for the Muslim world as a whole too. Instead of playing third fiddle or following either the West or East. Arab/Muslim civilization was a superpower and culture of its own always until very recently. We are not part of this mess between West and East and should follow our own interests.
Wish the best to Venezuela though, many Arabs in Venezuela and Latin America as a whole (30-40 million in fact).
The general persecutor of Venezuela (current one) is an Arab for instance.
en.wikipedia.org
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Actually Arabs are the "Jews of Latin America" in terms of influence compared to numbers. The richest Latin American is also an Arab (Carlos Slim). Shakira another, probably the most famous Latin American artist. Tons of such examples.
It is a region of the world that KSA for instance has strengthened ties with recently a lot and a lot is done to increase ties on all fronts which I personally support.
Not to mention the influence in music, architecture, cuisine, language (Spanish is heavily influenced by Arabic) that the Spanish brought with them.
Muslims communities are also growing across Latin America.
@Falcon29 this might interest you brother, given the large Palestinian community in Latin America.