Business Insider: Obama Maduro did not give up without a fight oil

The Venezuelan president accused the US of attempting to seize its oil wealth of the country. It happened after the head of the Organization of American States (OAS), offered to hold an extraordinary meeting, which could lead to the expulsion of Venezuela from the group.

Luis Almagro, Secretary General of the 35th OAS member called a special meeting to condemn Venezuela for imprisoning critics and blocking the parliament, which is under control of the opposition. According to him, the country has no time to recover from the effects of the economic crisis, which leads to the dangerous unrest.

Public criticism of the OAS Maduro is likely to lead to a response of the reaction of the Parliament, under the control of the opposition, as Maduro has threatened to present congressmen charged with treason.

For the opposition, tending to a referendum, which would have revoked Maduro, OAS move seen as full support.

“Empire decided it was time to take our resources,” said journalists Minister of Foreign Affairs of Venezuela Delsey Rodriguez. “We know what is coming intervention. Therefore, we warn the international community.”

Venezuela has the largest oil reserves in the world. It provides 10 percent of US imports.

The crisis in Venezuela spread everywhere, including in the United States, both in a positive and in a negative way. On the one hand, if Venezuela will begin to lose a significant amount of oil, it will help restore market balance and cross the threshold of US $ 50 per barrel.

But according to Chris Tomlinson, columnist Houston Chronicle, United States requires heavy oil in Venezuela.

“To our refineries to work, we need the heavy oil of Venezuela, - wrote Tomlinson -. Because of the crisis, they do not have enough money to pay Texas companies for their help in the production of this oil This has led to a reduction in their production, and deterioration in the economic. crisis. ”

6 June 2016

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