Donald Trump claims he will "run" Venezuela, after he bombed it and abducted President Nicolás Maduro. However, his plan makes no sense -- and will likely blow back on the USA. Acting President Delcy Rodríguez is still independent, and not cutting off China. US sanctions devastated Venezuela's oil infrastructure, and its heavy crude is expensive to produce -- and US companies do not see it as profitable enough, amid a global supply glut. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=GbpdfPK8jVE
Topics
0:00 US attack on Venezuela
0:49 (CLIP) Trump: USA will "run the country"
1:31 Two main US demands for Venezuela
2:20 Chavista government is intact
3:21 Oil corporations are skeptical
4:57 Trump's oil deal with Venezuela
7:44 US oil industry benefits rich elites
8:27 China, Russia, Iran, Cuba ties
10:08 USA wants heavy crude
10:46 Economic war
11:53 Marco Rubio targets Cuba
12:24 China and Venezuelan oil
13:02 Pete Hegseth threatens China & Russia
13:44 US seizes Russian-flagged tanker
14:16 Trump wants $1.5 trillion military budget
14:58 Trump bombed 7 countries in 2025
15:20 China's oil imports by country
17:43 Imperialist Monroe/Donroe Doctrine
18:21 Desperation of declining US empire
19:12 International law & UN Charter
20:19 China: South America's top trading partner
21:17 Forcing Venezuela to buy US products
22:07 Latin America exports
23:56 US is trade competitor with Latin America
25:24 US National Security Strategy
26:03 Pressure to cut ties with China
27:30 Geopolitics vs trade
28:45 USA threatens Venezuelan officials
30:30 Opposition leader María Corina Machado
32:56 Acting President Delcy Rodríguez
35:03 Delcy Rodríguez reaffirms China support
36:02 Trump will not have a US colony
37:40 Chevron deal in Venezuela
40:38 Sanctions exemptions in oil sector
41:53 US sanctions devastated oil industry
44:02 US purchases of Venezuelan oil
45:14 US imports heavy crude
46:25 US oil refineries want heavy crude
47:50 Oil companies say it's "uninvestable"
48:37 Oil deal possible, but not colonialism
49:42 High cost of Venezuelan crude
52:34 Global oil supply glut
53:34 US oil companies want gov't benefits
54:13 Destructive US interventions
56:47 Outro
