The middle-of-the-night kidnapping of Venezuelan President Nicolás Maduro shocked the world on Saturday. Military helicopters bombed Caracas, Venezuela’s capital, as U.S. special forces breached Maduro’s residence, captured him, and flew him to New York to stand trial on unproven charges of narcoterrorism. President Donald Trump has offered several justifications for Maduro’s ouster, including the collapse of Venezuela’s oil industry. But the very conditions Trump has been pointing to were exacerbated by the actions of past U.S. presidents — including Trump himself. If the Venezuelan oil industry is in tatters, it’s at least partially because of U.S. policies dating back at least a decade.
On Wednesday, Trump’s Department of Energy put out a “fact sheet” stipulating that the U.S. is “selectively rolling back sanctions to enable the transport and sale of Venezuelan crude and oil products to global markets.” This outcome is doubly ironic because U.S. sanctions are one of the reasons the Venezuelan oil industry is diminished in the first place. The announcement also states that the U.S. will market Ven... Read more
