"To the victor belong the spoils." That’s how US President Donald Trump framed his Venezuela strategy, after the US-backed removal of Nicolas Maduro. But after striking oil and gold deals with Maduro’s deputy, and declaring that Venezuela could become the 51st US state, Trump is facing a new hurdle in his wealth extraction plans. Opposition leader Marina Corina Machado has returned to Venezuela, and is asking for transparency over the oil deals, and a timetable for elections. DW’s Amien Essif speaks with Venezuelan political commentator Alex Trivella and DW correspondent Oscar Schlenker about how fast-moving events could upset Trump’s Venezuela strategy.
Chapters:
00:00 – Introduction: US oil and gold deals in Venezuela
01:00 – Venezuela’s natural resources and reserves
01:46 – Maduro’s capture and the Blue Energy deal
02:55 – Gold imports and 51st state rhetoric
03:58 – Alex Trava on domestic plunder vs. US intervention
05:09 – Fears of collusion between ruling elites
06:25 – Maria Corina Machado’s return and call for scrutiny
08:21 – Why resource extraction requires a democratic transition
10:00 – Rhetoric vs. reality: The need for infrastructure
10:31 – Democracy or cheap resources?
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