Another proxy war

It’s difficult to talk about anything else than Venezuela today. The dust has not settle yet, and the official explanations, what was said (and what wasn’t), clarifies a little bit more the real intent of the operation. Was it about drugs? Sure. Was it about oil? Absolutely. Was it about the Monroe Doctrine? Unequivocally. Was it about something else? Likely. 80% of oil exports from Venezuela go to China. And it’s transacted in Yuan. In other words, away from the U.S. dollar and therefore out of the petrodollar system. With the biggest proven oils reserves as well as vast mineral resources, in the context of a trade war with China, with rare earths and now silver on the spotlight, the U.S. may have found the Chinese perfect choke point. China doesn’t have oil, and imports most of it from Russia, Iran and Venezuela. The first two, are tough trade partners, for a myriad of reasons, and the last one, was an easy one. With Venezuela now under U.S. control, probably without a regime change (Delcy Rodriguez still in power), every oil drop that is extracted will go through Chevron or other U.S. oil companies, will be transacted in U.S. dollars, and will be exported to countries friendly to the U.S., or be the currency to negotiate other items with those that are not. This is a proxy war against China.

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