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Really need to see the details on this agreement cause that is really concerning unless the Venezuelan people get huge benefits.
Optimistically it’ll push the US to invest in production infrastructure which can later be nationalized when the global situation is better but have to see the details.
"Acting President Delcy Rodríguez detailed the scale of the pact in an official statement: the 17 strategic fields hold proven potential of 65 billion barrels of oil. In this sense, investment will surpass 100 billion dollars, and more than 209 billion dollars will reach the Venezuelan state in tributes."
Thank you for adding that! ~$3/bbl doesn’t sound great but I’m comparing that to wholesale prices that already have the infrastructure developed so all things considered (especially the military threats) getting the infrastructure and the funds isn’t as bad as it initially sounds.
Still not a great situation but until they or their allies can better fend off the great satan it’s about survival and the communes retaining power.
Yeah it is extortion but it will bring much needed revenue to Venezuela and prevent them from being mercilessly bombed by the US which won't help them either. It is more like China accepting being the world's sweatshop as a step towards a better future than compradors selling out the people. Not a good situation but nothing we should blame them for
China never had it's political leader kidnapped and then the next in charge start cooperating fully with the kidnappers. China never gave up its sovereignty or national resources in any way similar to this post revolution. China was able to do what smaller states cannot, which is resist absorption into the neoliberal system once hooked in. This is just neo-colonial apologism for leftists. "Much needed revenue" lmao. Yeah and the British brought much needed ports and railroad tracks to India!
Yeah china is a different country on the other side of the world. All the ultras here who think they can copy and paste the outcomes of one nation onto another are displaying their complete rejection of materialist analysis. The comparison is clearly to do with having to make sacrifices to enemies in the short term to bide time and grow the project into a position to claim more space and defend the project instead of losing it altogether. There are endless examples of this, it is a universal experience that can compared and contrasted between different revolutionary examples.
You are lost trying to argue the form of something while having no idea of its content. The geography, history, culture, economy, diplomatic relationships, etc are the material conditions that separate the Chinese experience from every other experience. If everyone could of just done what china did, you would have already learned how to interpret material reality within a Marxist framework instead of spreading vapid bullshit
What do you imagine the huge benefit of getting robbed at gunpoint to be?
lol
Probably shoulda used
Haha no. It's just straight up extraction.
The US gets 65 billion barrels of free crude and Venezuela gets nothing. Be concerned, ~~Delcy is a comprador and has completely sold out the Chavistas for no reason but personal benefit.~~
Really doing your username justice by spreading nonsense under the guise of the left
Oh, please do correct me with sources. How, precisely, does it benefit Venezuela to grant the US ownership of 55% of this oil reserve for 100 years and accept the permanent barring of Venezuelan SOEs from accessing this oil reserve, in exchange for nothing?
I think at best, this is a means to avoid further military threats from the US.
I didn't make an unfounded claim, you need to prove how Venezuela gets nothing in return for the exchange
It's famously easy to prove negatives.
Can you find a single source that shows Venezuela gains anything from this deal other than privately-owned infrastructure being located in its territory? I can't, and I've been searching for over an hour.
I commented elsewhere in this thread that venezuela's leadership projects 202 billion from this project, per telesur
if you can't prove they are getting nothing and are compradors why are you saying it? that is liberal idealism, making shit up because it fits the narrative in your head instead of basing it on what it really verifiable
I see. That's the projected tax revenue on the other 45% of the oil reserves which the US doesn't claim.
So, Venezuela's gain is the potential tax revenue on privately extracted oil and income taxes for employees.
Telesur's site won't load for me, and I just get a 413 error. Never seen that on a news site before.
aside from the infrastructure investment, the income for workers, the protection from US bombing and blocking all oil exports, the increased access to global trade in general, they do get at least some revenue for the oil directly. these are all benefits of the compromises they have made, which are unfortunately the best case and most tactical choices they can eek out in a really awful situation.
I don't want to disparage the victims of this exchange for making calculated decisions to preserve maximum lives and potential for maintaining a functioning socialist project. if you really look at all the info we have about the situation, I still have no reason to believe there are any compradors among PSUV, which is why they have continued to show a level of top down solidarity rarely seen.
of course people are pissed about what is happening, but they aren't blaming people within their movement or fracturing yet. once that happens, obviously we always side with the people, but right now the chavistas on the ground are still pretty much entirely behind Delcy. look to Bolivia for a very recent and salient comparison of what it would look like in venezuela the moment the grassroots detect compradors have taken power of the state.
idk how real this one is
This reminded me to add "and blocking of all oil exports"
Are you saying that the US wouldn't bomb Venezuela?
i'm saying the yankee promise not to bomb them is untrustworthy
Of course you can't trust the US government to not go back on their agreement, but at the moment Venezuela is selling oil again, which was not possible during the US blockade, and are not getting bombed, and they have no leverage to stop those things outside of diplomacy, so thats what they are doing. If Venezuela had a straight of hormuz or a domestic drone production industry they could potentially have some way to push back but without that a tactical defeat is better than widespread death and destruction
Nah you are really selling us on the benefits of US imperialism
Then I look to you to have a revolution and end US imperialism if you want the Venezuelan people to be free. They already had their revolution and have tens of thousands of communes actively organizing and struggling for their people. If everyone who organized on hexbear got together they wouldn't even make up the size of one Venezuelan commune, nor would they have a single chavista's courage or experience
I'm not blaming the venezuelan people for not fighting a fight they can't win but jumping straight to talking the "huge benefits" really rubs me the wrong way. Just chalk it up as an L.
Talking about the many benefits has the same energy as when libs talk about how colonialism actually was a big benefit to the colonialized people because it civilized the savages.
I didn't say they were huge benefits, the other user said they were getting "nothing in exchange" and I was listing several things they do get. I definitely wouldn't say they are huge benefits on their own but if the alternative is total economic blockade and the majority of their infrastructure destroyed and millions of dead Venezuelans, it does seem like they got the best outcome available.
Many people here are libs and don't understand Marxism even a little bit. They read a headline and form the entirety of their opinions based on it. They do no research into the topics they discuss and then pretend to have well formed thoughts. They don't understand the dialectical nature of reality, they see two steps back as a total defeat instead of a setback on the path of progress. This is just one more phase in a multi generational struggle.
If you compare Venezuela to what happened in syria, bolvia, Colombia and others, it is clear that the chavistas haven't been totally defeated despite this recent tactical defeat. I would even hold out on saying Bolivian and Colombian revolutionaries are defeated (unlike syria which definitely is), but the Venezuelan project was many times more established and cemented in the masses than Colombia and even Bolivia
There are more intellectual ways to talk about it but ultimately I think my analogy to to talk about it like getting robbed at gun point is quite precise. The advantage of handing over your wallet when you are getting robbed is not a big mystery.
I totally agree. Living to tell the tale is better than dying. Especially when what is dying is a socialist project supporting millions of people. This is what almost always has happened to socialist projects, it is almost always worse for them to fail, even when they are not doing a great job at building socialism.
Dunno what to tell you, I spent legitimately over an hour trying to find information on this deal and the one site that apparently had any was the one that won't open in my browser.
https://t.me/DrodriguezVen/13757?single
here is the acting president of venezuela's statement
Thanks, I don't have access to platforms like telegram so this was very helpful.
I got that link via https://venezuelanalysis.com/news/trump-biggest-oil-deal-100-year-lease-of-venezuelan-oil-reserves/
https://orinocotribune.com/
doesn't seem to have published on it yet but is another good source for this kind of info