"It sounds like they’re putting a priority on helping the American oil companies. Even more significant was the statement by Bolton. Essentially, when the U.S. takes over Venezuela, they want to have the U.S. companies do the actual oil production in place of the state oil company. Now, that’s especially remarkable because it means rolling back an arrangement that predates Hugo Chavez, that predates the Bolivarian movement....The oil production in Venezuela was nationalized before Chavez came to power so that old U.S.-backed state capitalism is now ruled inadmissible by John Bolton and the U.S. and they’re going to, proposing to go in and just as Trump put it, take the oil and give it to U.S. companies. But in today’s world, it’s no longer necessary for economic purposes, for overall economic purposes to actually control natural resources that are sold in an open market like oil. The only real gain is a political one where you have control over that oil and you can if you want withhold it from certain countries and you can manipulate it in various ways for political purposes...."
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