Latest Breaking News

mahatmakanejeeves

(57,756 posts) Mon Jan 28, 2019, 05:16 PM Jan 2019

Trump administration announces sanctions on Venezuela's state-owned oil company to try to force Pres

Source: Washington Post

Politics
Trump administration announces sanctions on Venezuela’s state-owned oil company to try to force President Maduro to step down

By Washington Post Staff January 28 at 4:08 PM

The order will affect Citgo, the Venezuelan-owned, Houston-based oil company, and Valero, the American oil refiner that is the largest in the United States. Both import substantial amounts of low-quality crude oil from Venezuela, and can continue to do so as long as the payments do not go to Nicolás Maduro’s regime.

U.S. officials said they expect the move to have little to no effect on gas prices.

This is a developing story. It will be updated.

Read more: https://www.washingtonpost.com/news/politics/wp/2019/01/28/trump-administration-announces-sanctions-on-venezuelas-state-owned-oil-company-to-try-to-force-president-maduro-to-step-down/

5 replies

= new reply since forum marked as read

Highlight:

Trump administration announces sanctions on Venezuela's state-owned oil company to try to force Pres (Original Post) mahatmakanejeeves Jan 2019 OP

Did you see that slimeball Elliot Abrams is now special envoy to Venezuela hibbing Jan 2019 #1

Absolutely. They really had to scrape the bottom to dig that dinosaur out. sandensea Jan 2019 #5

We need to stop butting in to other countries affairs. Power 2 the People Jan 2019 #2

Venezuela's PDVSA orders oil cargoes going to the U.S. to be prepaid Eugene Jan 2019 #3

I Don't Know What The Solution Is But This Isn't It DallasNE Jan 2019 #4

hibbing

(10,113 posts)

1. Did you see that slimeball Elliot Abrams is now special envoy to Venezuela

Reply to mahatmakanejeeves (Original post)

Mon Jan 28, 2019, 05:34 PM

Jan 2019

These merchants of death do not ever seem to go away.

Peace

sandensea

(21,720 posts)

5. Absolutely. They really had to scrape the bottom to dig that dinosaur out.

Reply to hibbing (Reply #1)

Mon Jan 28, 2019, 08:54 PM

Jan 2019

But then, Abrams never met a right-wing dictator he didn't like.

He was especially fond of Argentina's brutal - and economically ruinous - dictatorship, and was said to have brokered an agreement with Galtieri (of Falklands War fame) around '81 to provide Argentine advisers to the Contras.

When his predecessor, Pat Derian, criticized his obliviousness as to their human rights record, he considered her concerns "silly and sentimental."

As it happens, the Argentine dictatorship stepped down in '83 - thus ending Argentina's costly foray into propping up the Contras.

That's when Iran-Cocaine-Contra took off.

Power 2 the People

(2,437 posts)

2. We need to stop butting in to other countries affairs.

Reply to mahatmakanejeeves (Original post)

Mon Jan 28, 2019, 07:10 PM

Jan 2019

Let them work it out themselves and let us focus on fixing our country.

Eugene

(61,974 posts)

3. Venezuela's PDVSA orders oil cargoes going to the U.S. to be prepaid

Reply to mahatmakanejeeves (Original post)

Mon Jan 28, 2019, 08:11 PM

Jan 2019

Source: Reuters

BUSINESS NEWSJANUARY 28, 2019 / 6:54 PM / UPDATED 16 MINUTES AGO

Exclusive: Venezuela's PDVSA orders oil cargoes going to the U.S. to be prepaid

(Reuters) - Venezuela’s state-run oil company PDVSA has ordered customers that have tankers waiting to load Venezuelan crude bound for the United States to prepay for those cargoes or they will not receive authorization to fill the vessels or leave the ports, three sources with knowledge of the decision told Reuters.

Washington earlier on Monday imposed new sanctions on PDVSA, stopping the company from collecting the proceeds of oil exported to customers in the United States.

Reporting by Marianna Parraga; editing by David Gaffen and James Dalgleish

https://www.reuters.com/article/us-venezuela-oil-exports-exclusive/exclusive-venezuelas-pdvsa-orders-oil-cargoes-going-to-the-u-s-to-be-prepaid-idUSKCN1PM2P6

DallasNE

(7,404 posts)

4. I Don't Know What The Solution Is But This Isn't It

Reply to mahatmakanejeeves (Original post)

Mon Jan 28, 2019, 08:33 PM

Jan 2019

This action will not force Maduro to step down. That is wishful thinking.

This will disrupt oil supplies so, of course, it will increase gas prices - notwithstanding the claim it will "have little to no effect on gas prices. Trump predictions have a habit of not panning out - example, GDP growth following the tax cuts taking effect.

So the question is, how will this not make matters worse and then why do it if that is the case?

Reply to this discussion