WSJ, oil and Trump: myths and realities

By Luis Manuel Aguana

Versión en español 

Some years ago, on the occasion of a widespread commentary in the international press that pointed out that the then President-in-Office Juan Guaidó was “degraded” or “lowered” to the status of privileged “interlocutor” of Venezuela in the European Union, I published a note pointing out the uncertainty of the basis on which those headlines were based. And it was not precisely because such perception had any basis of credibility, but because the interpretation given by that press to the facts was completely distorted, by (deliberately?) overlooking the reality (see Privileged Interlocutor, in https://ticsddhh.blogspot.com/p/privileged-interlocutor.html).

I was saying back then that nowadays nobody knows what is true and what is not, because the responsibility for the veracity of what is read has been transferred to the receiver of what is published, to the point that verifiers began to appear who cannot keep up with everything that appears because it is humanly impossible. The ocean of information now flowing through the world is incredibly large and changes every second. And that phenomenon has serious consequences, and one of them is the manipulation of information. So if you receive something, you have an obligation to dig into that ocean and somehow get the truth out.

And that is what I intend to do again because I believe that is happening with an article published recently in the Wall Street Journal, WSJ, a very credible media in the world that guides the reality of many people who make decisions, especially when it has global reach and is given seriousness and credibility. But unfortunately (or fortunately?) we are not in the last century, when readers placed 100% of their trust in editors.

The article entitled in Spanish: WSJ: Más petróleo por menos migrantes: Instan a Trump a pactar con Venezuela (see Kejal Vyas, More Oil for Fewer Migrants: Trump Is Urged to Make Deal With Venezuela, in  https://www.wsj.com/world/americas/trump-oil-migrants-deal-venezuela-maduro-759dc039) doubts about the feasibility of a political change in Venezuela due to the fact that “American oil executives and bond investors are urging President-elect Donald Trump to abandon his first-term policy of maximum pressure on Venezuelan strongman Nicolás Maduro and instead strike a deal: more oil for fewer migrants, based on clearly distorted realities.

The article in question puts forward the thesis that “getting rid of Maduro is a mistake” and that it is better to keep him in power, putting conditions on him, such as preventing the sending of more migrants to the U.S. in exchange for more oil business, in an attempt to fit in with the intention expressed by Donald Trump to prevent more immigration, but in our case, sustaining the tyranny of Nicolás Maduro Moros.

WSJ bases its assessment with the example of a businessman, billionaire Harry Sargeant III, a donor to the Republican Party, who according to the WSJ, does asphalt business with the tyranny of Nicolás Maduro Moros, thanks to the lifting of sanctions on some U.S. oil companies carried out by the Biden administration and previously negotiated with Maduro.

According to the WSJ story, some financial factors in the US, “They say making a deal with Maduro would cut migration and help temper U.S. energy prices. An agreement would also help check adversaries such as China and Russia. Those countries gained ground in Venezuela following U.S. economic sanctions which barred American companies from pumping and transporting Venezuelan crude”. He also mentions Maduro's new willingness to reach “win-win” agreements with the new administration of Donald Trump.

 

The reality is that it was not the sanctions that brought China and Russia to Venezuela. That is a myth calculated and dispersed by those who wish to maintain the state of affairs in Venezuela. Those countries were brought by Hugo Chávez Frías long before the sanctions and from the first day he saw his political stability threatened, having lost popular favor for having massacred the Venezuelan people in the streets. Those supports grew by incorporating Iran and getting us into the foreign war in the Middle East (see in Spanish Una guerra ajena, in https://ticsddhh.blogspot.com/2017/02/una-guerra-ajena.html).

 

But more importantly, “moderation of energy prices in the United States” will not happen if Maduro remains in power, let alone a decrease in Venezuelan migration, not only to the U.S. but worldwide. Perhaps someone should inform the WSJ editors that Maduro has no control over the number of people fleeing Venezuela to be able to negotiate that migration variable, and that if Venezuelans voted overwhelmingly for political change and in favor of Edmundo Gonzalez Urrutia in the July 28 elections, it was precisely to stop the hemorrhage of Venezuelans fleeing Maduro's tyranny.

 

The consistent destruction of the Venezuelan oil and gas productive apparatus is demonstrated with facts by the recent explosion of PDVSA's gas plant in Punta de Mata, Monagas, which will rather decrease the amount of oil and gas that Venezuela puts on the international market, with the consequent upward impact on prices, not to mention that Venezuela would lose those markets. In our country, gas is a very important component for the extraction of crude oil.

 

The decrease in crude oil prices and Venezuelan migration are myths on which this WSJ article is based, which privileges the interests of those who do business with Maduro's tyranny in the US, and who are precisely the ones that the new Trump administration will negatively affect with the oil policy that the US will apply as of January 20, 2025.

 

“Trump pledges to make it easier to drill in the US: Trump has already made clear his strong support for oil and gas, promising to make it easier for companies to get drilling contracts, as well as build the necessary energy infrastructure. Other policies include allowing companies to export more natural gas overseas, as well as increasing drilling on federal land...”...” Trump has also said that the energy bill will be cut by at least half within 12 months of his re-election, although details on exactly how this will be done have yet to be revealed. While these pledges have been welcomed by oil and energy companies, there have also been growing warnings that oil profits and prices could suffer in the short term, mainly due to potential oversupply if drilling rules are eased. Trump is also likely to reverse the freeze on liquefied natural gas (LNG) export authorizations imposed by President Biden, which is expected to contribute significantly to reducing uncertainties about long-term LNG supply” (see in Spanish EuroNews, Baja el petróleo por el apoyo de Trump a nuevas perforaciones, in https://es.euronews.com/business/2024/11/13/baja-el-petroleo-por-el-apoyo-de-trump-a-nuevas-perforaciones).

 

These measures within the U.S. will effectively lower fuel prices for North Americans and will have an impact on the value of crude oil worldwide, including Venezuela. This is a reality that those who will be affected by these measures do not want to face, trying by all means to influence the next Trump administration to negotiate with the Maduro regime.

 

To create the narrative that it is preferable to negotiate with the regime, the article mentions that sanctions have been unsuccessful not only failed to topple Maduro, but also helped exacerbate the outflow of migrants by further devastating an economy largely dependent on oil exports”.

This is another myth that is based on the fact that sanctions will “overthrow” the Maduro regime, interpreting the reality of the country in an interested manner. The Maduro regime will fall sooner rather than later because it has destroyed Venezuela, because the majority of Venezuelans do not want it, as we categorically demonstrated to the world on July 28, 2024, and because it is ultimately a problem of Venezuelans, and its solution will be determined by us, of course, with the help that democratic governments of countries that have supported our cause for freedom can give us. The exacerbation of migrations has been produced by the deepening of persecutions and the progressive misery caused by the regime to the population. That is the only reality.

What is certain is that reality imposes itself: both Venezuela and the United States have new presidents elected with the not only majority but overwhelming support of their peoples. As of January 2025, both leaders, despite the maneuvers of those who try to distort the truth and the influential means at their disposal, will transform the global reality. It is time to accept this new scenario. Let them get used to it from now on...

Caracas, November 30, 2024

Blog: TIC’s & Derechos Humanos, https://ticsddhh.blogspot.com/

Email: luismanuel.aguana@gmail.com

Twitter:@laguana

No hay comentarios:

Publicar un comentario