Geopolitical Economy Report This is why Trump's crazy Venezuela plan will fail - and blow back on the US
22 snips
Jan 12, 2026 The discussion dives into Trump's outlandish claims to control Venezuela, which may blow back on the U.S. The podcast highlights the resilience of the Chavista government despite U.S. sanctions crippling the nation’s oil infrastructure. Industry skepticism surrounds Trump's oil takeover plan, as U.S. firms see Venezuela as unprofitable amid a global supply glut. China, as Venezuela's top trading partner, poses a formidable counter to U.S. ambitions in the region. Historical failures of U.S. interventions are reflected upon, shedding light on the complexities of imperialist agendas.
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U.S. Plan For Venezuela Is Doomed
- The Trump administration's plan to “run” Venezuela is unrealistic and riddled with contradictions.
- Ben Norton argues the strategy is likely to fail and will backfire on the U.S.
Delcy Rodríguez Holds Firm
- Acting president Delcy Rodríguez remains loyal to Maduro and has reaffirmed ties with China.
- Norton says Rodriguez is unlikely to become an obedient U.S. puppet despite U.S. pressure.
Sanctions Crippled Oil Industry
- U.S. sanctions since 2015 devastated Venezuela's oil infrastructure, requiring massive investment to restore output.
- Norton cites over $100 billion and years of work needed to return production to prior levels.
