In a move that has prompted many to wonder which is the bigger banana republic, Venezuela or the US, Joe Biden’s new BFF, Venezuelan dictator Nicolas Maduro (who has promised to export a few barrels of oil to the US president – now that draining the SPR is no longer an option – to keep gas prices low ahead of the 2024 presidential election in exchange for sanction relaxation and defacto recognition by the White House that Maduro is the democratically elected president of Venezuela making a mockery of a decade of sanctions), on Sunday Caracas is set to hold a referendum among Venezuelans on annexing (i.e., invading and taking over) a whopping 160,000 sq km of extremely oil-rich land in neighbouring Guyana.
Why now? Why only now when Caracas has for more than 200 years claimed rights over Essequibo, a vast swath of the territory Guyana? Simple: because as we said several days ago, it was only a few months ago that Maduro realized he has leverage over the US president of the “most powerful nation in the world” and get away with anything… even invading a sovereign nation.
Biden courts Maduro to get a few hundred thousands barrels of oil so his record low approval doesn’t drop even…
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