US Sanctions Venezuela For 'Theft' After Decades of US Oil Company Exploitation
CBS News, in its effort to 'clarify' Trump's claim, carefully details the legal battle over CITGO's assets, acquired after Venezuela's nationalization of its oil industry in 1976. What they conveniently gloss over is that this nationalization was a direct response to decades of foreign, primarily American, oil companies extracting Venezuela's resources with minimal benefit to the Venezuelan
people. The US, which installed dictators and destabilized democracies across Latin America to protect corporate interests, now feigns outrage when a sovereign nation asserts control over its own resources. One might wonder if 'theft' is only defined by who holds the bigger stick, or perhaps by which flag is flying over the oil wells. So, Venezuela didn't 'steal' American oil; they reclaimed what
was theirs. The ensuing legal skirmishes and sanctions are just the latest chapter in a long history of powerful nations demanding subservience from resource-rich countries, then crying foul when the tables turn, however slightly. This 'complex history,' when viewed through a lens not polished by corporate media, looks less like theft and more like a desperate attempt to maintain economic
dominance.