logoalt Hacker News

tootielast Saturday at 5:44 PM1 replyview on HN

He also indicated they will work directly with Maduro's second in command, not the putative winning candidate from the last election. This is purely about theft.


Replies

alephnerdlast Saturday at 6:02 PM

In the eyes of the US, the expropriation of American assets in Venezuela [0] and then selling them to Russian [1], Chinese [2], and Indian [3] interests was theft.

Russian-US relations are tense for the same reasons due to the saga of Sakhalin-I's nationalization from Exxon [4] following the 2022 Invasion of Ukraine and Russia's sale of Exxon's stake to Japanese [5] and Indian [6] interests.

The previous administration also stopped Saudi and UAE from invading Qatar in 2017 [7] due to Rex Tillerson's personal interests with Exxon's stake in Qatar's energy infra [8]

That said, assuming the US doesn't attempt a Venezuelan version of de-Baathification [9], this should be a fairly standard transfer of power - US-Venezuela relations only really tanked when Maduro came to power and hard pivoted Eastward, as even under Chavez American business operations continued and the relationship wasn't severely tense. And from the sounds of it, the faction backing Delcy Rodriguez chose to give Maduro up and (reading between the lines) roll back nationalization in return for staying in power.

Almost everything in political science can be modeled using Tsebelis's Veto Player model, Mesquita's Selectorate Theory, Kuran's Revolutionary Threshold, and the Agency Problem.

[0] - https://www.theguardian.com/business/2007/may/02/oilandpetro...

[1] - https://www.reuters.com/business/energy/venezuela-approves-1...

[2] - https://www.spglobal.com/energy/en/news-research/latest-news...

[3] - https://www.reuters.com/business/energy/indias-ongc-says-oil...

[4] - https://www.upstreamonline.com/production/russia-takes-contr...

[5] - https://www.japex.co.jp/en/business/oilgas/sakhalin1/

[6] - https://www.reuters.com/business/energy/indias-ongc-moves-cl...

[7] - https://www.aljazeera.com/news/2018/8/1/rex-tillerson-stoppe...

[8] - https://www.qatarenergylng.qa/english/AboutUs/Corporate-Stru...

[9] - https://en.wikipedia.org/wiki/De-Ba%27athification

show 2 replies