Venezuela: U.S. National Security and the Threats of Russia and China

Townhall | 12/2/2019 | Staff
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Editor’s Note: This column was coauthored by Jerry Boykin.

Thought - World - Supply - Oil - Hands

The thought of the world’s largest supply of recoverable oil falling into the hands of Russia and China is not a far flung idea. And with that, a fleet of warships docked on the coast of the Caribbean and the Gulf of Mexico, positioned to threaten the American national security. If America eventually surrenders its influence in Venezuela, this scenario could become reality.

As of now, Nicolas Maduro is the ruthless socialist dictator of a crumbling Venezuela. Desperate to maintain his grip on power, it is very likely he will cede control of Venezuela’s oil industry to the Russians and Chinese in exchange for the two countries doubling down on financially backing his country’s collapsing economy and his withering dictatorship.

President - Trump - Approach - Sanctions - Illegitimate

President Trump has taken the right approach by enacting tough sanctions on the illegitimate Maduro government and has correctly thrown his administration’s support behind the opposition party leader, Juan Gauido, but improving the situation for the people of Venezuela is slow-going.

China and Russia continue to bankroll the Maduro regime to protect their investment in Venezuela’s massive oil reserves, the largest oil fields in the world. Russia is financially backing Maduro with debt-for-oil deals and military hardware, while Maduro has agreed to grant Russian warships access to Venezuelan ports, de facto naval outposts for Russian operations in the Western Hemisphere. Maduro and members of his government have also attended meetings with Vladimir Putin to bolster their ongoing relationship with Russia.

Barrels - Oil - Venezuela - Value - Trillions

There is an estimated 300 to 500 billion barrels of recoverable oil in Venezuela with an estimated value well into the trillions. It makes little sense to allow a global energy asset to fall into the hands of Russia and China. If America’s energy industry...
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