Venezuela Approves Pro-Business Oil Reform as Trump Issues New Sanctions Waiver - Venezuelanalysis<https://venezuelanalysis.com/news/venezuela-approves-pro-business-oil-reform-as-trump-issues-new-sanctions-waiver/>
Caracas, January 30, 2026 (venezuelanalysis.com) – The Venezuelan National Assembly has approved a sweeping reform of the country’s 2001 Hydrocarbon Law that rolls back the state’s role in the energy sector in favor of private capital. ________________________________ My comment: The US naval blockade of Venezuela has accomplished its goal. It has shown that Venezuela can not export even a single barrel of oil without US permission. Trade with China is no longer a viable alternative to trade with the US and its allies, because the US can stop any ship taking oil to China. Hence the Venezuelan government has capitulated to US economic demands. What would be the alternative? If Venezuela defied the US, it would have to accept that its oil industry would be largely shut down (except for some production for domestic use, though even that would be problematic, because of the need to import spare parts, diluents, etc, which would be prevented by the US blockade). >From an environmental perspective the closure of the oil industry would be >good, but it would have severe economic consequences, and cause severe >suffering to the Venezuelan people. Only political change in the US can end the blockade. There is a need for mass movement in solidarity with Latin America, with one of its key tasks being to campaign against the blockades on Cuba and Venezuela. Chris Slee -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#40468): https://groups.io/g/marxmail/message/40468 Mute This Topic: https://groups.io/mt/117572658/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
