The enemy of America and Venezuela is getting deeper.
The tension between America and Venezuela is increasing. US President Donald Trump recently sent three warships Venezuela on the pretext of action on drug smuggling groups. Venezuela was upset with this. Now tension has increased. On Thursday, two f-16 fighters from Venezuela flew over the US warship.
The Trump administration accused Venezuela President Maduro of meeting drug cartel for smuggling drugs in the US. Along with this, the US doubled the reward declared for the arrest of Maduro, to $ 5 million.
America is upset with countries around the world including India who are buying oil from Russia. Trump claims that he is promoting the ongoing war in Ukraine by purchasing oil from Russia. Even afterVenezuela does not have a connection with Russia, but here too the issue is of oil.
Venezuela’s real ‘wealth’
Oil is the real strength of Venezuela. This country has the largest oil reserves in the world. The report of the World Population Review says, Venezuela is on top in this case with 303,008 million barrels of oil. The earnings from oil exports speed the economy. Oil was up to 90 percent of the oil stake in earnings from the country at one time. Although, There are also natural gas, gold, bauxite and coal mines which are a source of earnings of the Government of Venezuela. But they do not have much importance in front of oil earnings.
Venezuela also earns crops like coffee, corn, rice and sugarcane for years, but they also have not contributed much to the economy of the country because oil has always been emphasized here. Priority to increase its export. As a result, it has been that when oil prices fell or political instability came, the economy here was shocked. After 2013, inflation in Venezuela started touching the sky. Unemployment increased. The food crisis also arose.
Venezuela took lessons from this and reduced the dependence on oil. The government here started emphasizing on increasing agriculture and tourism. Changes are happening but the oil still remains the backbone of this country.
Venezuela also cultivates coffee.
Why Trump’s eye on oil?
America has tried to establish its impact in Venezuela many times, but it could not succeed. From former Venezuela President Hugo Chavez to the current President Nicolas Maduro, no one extended the hand of friendship in front of America and bowed down in front of America’s dictatorial policies. This also happened with Trump. This is the reason why America has been trying to increase its intervention there, especially US President Donald Trump.
Trump has banned Venezuela oil.
Trump also imposed several economic sanctions on Venezuela during his tenure. Trump knows that oil is the backbone of Venezuela, so President Nicolas had banned the oil while trying to pressurize Maduro. When Maduro did not come under his pressure, Trump even threatened to capture Venezuela and overturn power. Even after this, Venezuela did not lean in front of them.
Now Trump’s eyes are crooked on Venezuela. The action taken by both countries is working to increase stress.
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