“At stake are the largest oil reserves in the world sited in Venezuela. For the US it is crucial to have control of the world’s oil reserves. Any country, no matter how democratic, keeping such strategic resource and not making it accessible to oil multinationals (mainly American), exposes itself to imperial intervention. The threat to national security mentioned by the presidents of the US has not so much to do with access to oil, but rather to the fact that world oil trade is denominated in dollars, the true core of power of the US, since no other country has the privilege of minting notes at its pleasure without affecting their monetary value. This is the reason why Iraq was invaded and the Middle East and Libya devastated (in the latter case, with the active complicity of Sarkozy’s France). For the same reason, there was interference, well documented today, in the Brazilian crisis, since the exploitation of pre-sal oil was in Brazilian hands. For the same reason, Iran is once again endangered. For the same reason, the Bolivarian Revolution must fall down without the opportunity of correcting democratically the serious mistakes its leaders made during the last few years. Without foreign interference, I am convinced, Venezuela would know how to reach a democratic and non-violent solution. Unfortunately, what is actually happening is turning the poor against Chavismo, the poor being the social basis of the Bolivarian Revolution and those that most benefited from it. . . “
– In Defense of Venezuela
– – – – By Boaventura de Sousa Santos
On pre-sal oil in Brazil –
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