{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"In Solidarity - by openDemocracy","title":"The Great Venezuelan Oil Steal","html":"","width":"100%","height":180,"duration":1799,"description":"Nine months after the US abducted Venezuelan President Nicolás Maduro, a highly unusual oil deal has surfaced. The US claims to have struck an agreement to take control of about a fifth of Venezuela's oil reserves. But this isn't a standard international trade agreement; it’s structured through a Barbados-based private company owned by a controversial businessman, with the US Department of Defense taking a 35% stake.\nIn this episode, we sit down with Francisco Rodríguez, a Venezuelan economist and author of The Collapse of Venezuela: Scorched-Earth Politics and Economic Decline. Rodríguez dismantles the mechanics of this unprecedented $100 billion deal, explaining why major oil companies are nowhere to be found and why Venezuela is currently shipping 40,000 barrels of oil to the US at cost.\nChapters: \n00:00:00 - Introduction\n00:03:00 - The Barbados Company and the Missing $100 Billion\n00:05:00 - Replenishing the US Strategic Reserve at Venezuela's Expense\n00:07:00 - Bypassing Venezuelan Law and the National Assembly\n00:09:00 - Comparisons to the 1996 Russian Privatization\n00:13:00 - Hugo Chávez and the Origins of Economic Collapse\n00:18:00 - The Devastating Impact of US Sanctions\n00:22:00 - The Opposition’s \"Faustian Bargain\" with Washington\n00:25:00 - \"Regime Compliance\" and the Future of US Intervention\nCredits:\nPresented by Aman Sethi\nProduced by Harry Beney\n\n Hosted on Acast. See acast.com/privacy for more information.","thumbnail_url":"https://img.transistorcdn.com/swGGhP8cZAkHBfFYG8ZeSUimQx84CLBSBdyjunfg4-I/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9hMmM2/OTgyZjRiMTBiMGQ0/MDMxOTg1YTAyNDVl/OWVjYS5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}