This really sucks. The people of Venezuela deserve better
this post was submitted on 29 Aug 2026
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I get the sense the Venezuelans are buying their time and waiting Trump out with concessions that most likely won't hold in the future
Dangle some meat in front of the beast so that it goes to sleep for a few years so Venezuela can rebuild and refortify
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So what do you people want them to do? There's not going to be an epic fight, the US will fly in their bombers and decimate the country and nobody is going to do anything about it. You think they won't because of the oil they need? It doesn't matter all the angry proles with negative levels of class consciousness can be exported abroad, creates more stormtroopers and settlers. Or they just post online thinking it does anything. What I'm doing here does nothing and unless I've got my skin in the game manufacturing arms in Venezuela to fend of the Empire and willing to put all my loved ones at risk of being bombed by the most evil place on the planet I shouldn't spread defeatism. Yes America won the battle there's jack shit anyone can do about it, the pathetic left can't even get the president out of jail, clowns.
the only "defeatism" being spread here is the people (such as yourself) who say 'what are you gonna do, you can't win against America. Just submit' or those who stick their head in the sand and keep saying everything if fine, the revolution loves this actually (which is just a form of self-delusion)
This is another reason US doesn't really care about Hormuz that much in the grand scheme of things. They have Venezuela under their control and it's a lot closer and easier to police and protect as well as exploit compared to the increasingly wealthy Gulf vassals who the US cannot entirely stop from getting close with China and who anyway in the middle of this century will become unlivable due to climate change. Hormuz situation will encourage investment and increased exploitation of these reserves providing the US a stable source of cheap oil not only for its own use but for export to control vassals through pricing deals or withholding energy. Same as the other plans seizing waterways like Panama canal, kicking out Chinese companies, locking down Greenland, etc. The real stumbling block of course still being replacing certain Chinese industries like rare earths and so on. We'll see if they can pay companies to do that in the west with guaranteed business and a ban on Chinese alternatives or if that falls apart with the companies taking the investments and running. Obviously I hope for the latter.
in the grand scheme they need heaps of billions in investment (and years) to build up the extraction & refining capability to exploit VZ to an extent to somewhat replace SOH traffic. Morons like Bessent might be brushing off defeat in Iran with VZ "futures" but global reserves are going to force an acquiantance with reality soon enough
well the panama canal takeover failed for now so that's another W
Not as if Panama isn’t a us vassal state regardless. It doesn’t even have a military.
so that means he doesn't have a deal.
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
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What do you imagine the huge benefit of getting robbed at gunpoint to be?
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.
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Easy to make "historic deals" when you install a puppet that gives you any deal you want.
Yes they installed a puppet by the Venezuelan constitution being followed and the vice president taking over as acting president. That's what installing a puppet is, the democratic election process of Venezuela has been a long game by the US to install a puppet.
Throwback to when China got that "99 year lease" of some defunct harbor project and people where going on about "colonialism" and "debt traps" or whatever. They offered to cancel debt and pay to finish it if I remember correctly.
This oil deal is probably fine tho. Just "business" or whatever.
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