"U.S. President Donald Trump himself has openly alluded to the importance of Venezuelan oil and the supposed existence of liabilities and energy rights seized from U.S. companies in previous litigation with the Venezuelan state. You remember, they took all of our energy rights, Trump stated, referring to Chavismo and its dispute with the multinational Exxon Mobil, which resulted in the company's departure from Venezuela in 2007."
"The socioeconomic shipwreck of the last decade has created a paradox: a country with abundant and coveted riches, a still considerable infrastructure, and acceptable installed capacity, yet mired in collapse. This abundance in an impoverished society has fueled a persistent myththat of the poor rich countrywhich has become one of the great torments of the Venezuelan national project. In addition to possessing the world's largest oil reserves"
Two central arguments underpin the current Venezuelan crisis: alleged links between Chavismo and terrorist or criminal networks, and charges that Nicolas Maduro's 2024 presidency is illegitimate due to electoral fraud. A third reason centers on energy: claims about seized liabilities and U.S. companies' lost energy rights, with explicit emphasis on Venezuelan oil. Opposition leaders promote investor interest in the country's natural-resource potential while images of oil on Lake Maracaibo highlight environmental and infrastructural issues. The nation faces a paradox of enormous reserves and remaining capacity amid socioeconomic collapse and the persistent myth of a "poor rich" country.
Read at english.elpais.com
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