US Recalls 'Lots of Oil, Little Production' Narrative for Venezuela
According to The New York Times, Venezuela possesses vast oil reserves but struggles with production. What they conveniently gloss over is the relentless campaign of U.S. sanctions—often unilateral, always brutal—imposed since the early 2000s, escalating dramatically under the Trump administration, and later softened only when global oil prices spiked. These measures weren't designed to improve
'democracy' but to cripple the economy and force regime change, specifically targeting the oil sector, which accounted for 99% of Venezuela's export earnings. Funny how 'little production' isn't a mystery when your primary industry is under a financial siege. It's almost as if 'lots of oil, little production' is less a natural phenomenon and more a predictable outcome when external powers actively
sabotage your ability to extract, refine, and sell it. One might wonder if the NYT's investigative team forgot to consult a timeline of US foreign policy in Latin America, or if certain inconvenient truths are simply edited out for narrative cohesion. We're told Venezuela is 'isolated' by choice, not by design, because acknowledging the latter would implicate powerful players. How many times can a
nation be 'isolated' before the media starts asking who's doing the isolating?