alt Hacker NewsIf you're going to go with conspiracy theories, China is desperate for oil and was openly allying with Venezuela, and so was, ironically, petrostate Russia, although that's ending (for now). I bet Putin is looking for contingency plans though. Even though Venezuela is not exactly the easiest to reach for either of them, but beggars can't be choosers. Preventing any progress here might have been worth a lot to both the US and the EU. And, yes, I know how it sounds, but this will be pretty helpful with the Ukraine war. Yes, really.
Of course leftist tankies will be mad the billionaire fake-communist "revolution" that started with Chavez and should have ended 20 years ago is now very likely over. Of course, most Venezuelans (75% according to the opposition) would describe that revolution as a nightmare.
Of course I doubt 75% of Venezuelans wanted the US to resolve it.
I seriously doubt either China or Russia could manage to extract significant quantities of Venezuelan oil at a profit even if the US lifted all sanctions and completely forgot about Venezuela.
The costs of getting production set up at are so high compared to the relatively bleak outlook for the oil market, it's likely that Venezuelan oil isn't a hugely attractive proposition for anyone.