This is a good segment which TLDR needs to do more of. I think the main issue with this channel is that it covers very mainstream news and is often late reporting it. American news is already an oversaturated field, so you need to make unique content to stand out. Making a video about polling going up or down is boring and not many will care. This story though I've never heard of until now, so it was very engaging.
The public targeted by these videos on the US is the European public which doesn’t follow American news channels so your criticism on the content of the videos of this channel doesn’t hold.
@@urax35 No... I don't think you're right. I'd bet the majority of their TLDR News US viewers are from the US. I don't know where you got your data from, but it's silly of you to criticize their criticism like you know the demographics of the channel viewers.
I can confirm for the european audience they do not know a lot about USA news let stand news coming from Latin America our European media focuses either on domestic affaires or on economic situation.
@@Tmb1112 I talked about the public targeted by these videos, not the actual public that watches the videos. These cannot confused, they are not the same thing.
Allowing Venezuela to export oil will hurt Russia and the Saudi's. Unlike Iran they don't pose a threat to the US. Plus American refineries need the heavy crude oil to run
Venezuela was a threat when they nationalised their oil industry. To finance their socialist economy, which was already reliant on oil for decades, they rapidly pumped oil which offended russian and Saudi interests. US interests were offended because Venezuela was where their backyard oil was. Only after when SA, RU and the US teamed up to suppress and sanction Venezuela, The Obama administration ramped up fracking and Canadian tar sands to suppress Saudi and Russian dominance in the oil market. All behind the backdrop of a climate crisis you and your children are inheriting.
You're right but Venezuela is a long way away from producing lots more oil. Chavez began policies and practices that slowed the oil output. And much of the oil reserves they have are hard to retrieve compared to Saudi oil which is just bubbling on the surface.
@@Homer-OJ-Simpson two years would be my guess. With more desperation and lower environmental rules you can turn the wells back on easier. With proximity to the US the cost of transportation makes sense. The recent developments in Guinea next door has brought talent, equipment and money to the area. I think it'll be quicker than development I have worked with in Ohio, Pa and WV.
I think you should also mentioned the recent political shift in the rest of Latin American countries, especially Colombia/Chile, which have opened up more for Venezuela to recover their international diplomatic relationships
Chile has had a severe increase in energy prices so this would not surprise me not forgetting they are more liberal now less conservative and has had over the years a pretty big inflow of venezolan refugees into the country.
Just an FYI, Colombia / Chile don't approve of Maduro. Chile's left wing president said The Left Must Condemn Human Rights Violations by 'Left' Governments Like Venezuela's. If they are opening up to Venezuela economically, it is not a show of support of Maduro.
Venezuela will hit a very lucky spot soon enough, with an elected left wing goverment in Brazil and Colombia, they will have quite a bit of support now.
@@Homer-OJ-Simpson petro also could gain a lot of popular support if he crowns himself as the man than convinced maduro to leave office, not a friend. the only possible real help the Venezuelan regime could have is from lula's Brasil, and even then considering how they're just moving from bolsonaros far right..... might not be as convenient as it seems.
The route of most Venezuela's economic problems may not be sanctions, but ultimately the effect of sanctions is generally only to hurt ordinary people. They exist so politicians can say that they are doing something without actually having to negotiate or think much about it.
@@davidty2006 it's not And there's an awesome youtuber and author by the username MofreedomFoundation who has spent his career in the oil industry in the middle East.
@@toyotaprius79 MFF’s geopolitical credibility is rather questionable though, way to overconfident on perspective the goals of the state security apparatus outside the Gulf and carries a lot of bad Austrian economics in his views
A large reason that Venezeula does not produce that much oil is because there machines are all old, and barely get fixed. This is also why they don't extract any natural gas from there oil, when they could. My dad worked in Venezuelen oil and he told me that most people in that center fled the country causing there to be a lack of engineers. Those people were also very wealthy, so when Venezuela became socialist, most of the there money and possesions were taken away. This happen to me and my family during the early 2010's.
Along with a couple of decades of not maintaining the oil operation properly, Chavez decision to fire thousands of experienced PDVSA workers who had taken part in an industry strike in 2002-2003 gutted the state company of important technical expertise. Beginning in 2005, Chavez provided subsidized oil to several countries in the region, including Cuba, through an alliance known as Petrocaribe. Over the course of Chavez’s presidency, which lasted until 2013, strategic petroleum reserves dwindled and government debt more than doubled
During the early days of venezuelas crisis I heard numbers like 10-20 years in terms of how far behind they are on maintenance and updates/upgrades. That's likely 10+ years of average maintenance/upgrades and not 10+ years of maximum spending though, but even with ample investment and competent leadership they'll still take a long time to catch up
hence juan guidao being a non starter. 2018 wasn't a clean election but the US support of guidao has made him look like a puppet. if opposition wants to win in 24, it has to be someone else.
Both of you are wrong. Guaido should have, legally, became the interim president according to the Venezuelan constitution. Very simple here. How are people still getting this wrong and acting like the USA put Guaido there? Quite literally following the Venezuelan constitution and law that Maduro wrote himself. Genuinely curious as to what confusion there could be. “US backed opposition”… you forgot to add the term “Western World backed”.
How so communist? The opposition is actually backed by much of the world. At least those that care for democracy. As Diego Martinez said, Guaido should have, legally, became the interim president according to the Venezuelan constitution.
@@seank2251 " US support of guidao has made him look like a puppet". You sound like a left wing puppet. Guaido was backed by most of the world's democracies. Guaido should have, legally, became the interim president according to the Venezuelan constitution. The only ones to not back Guiado were dictatorships and far left wing leaders.
@@DiegoMartinez-or4sc That's because Oded Arbel and Sean K are far leftist that support dictatorships if it's left wing. Guaido was backed by most of the world's true democracy while Maduro was backed by dictators and weak democracy states with a few far left leaders thrown in. In fact, the video even mentioned many countries backed Guidao not just the US so Arbel and Sean K chose to ignore it because of their support for authoritarian left wing dictatorships.
The resumed story of Venezuela's economic downfall due to economic irresponsibility in the video is so similar to the history other countries from south america, with the difference of being quicker and more dramatic, that looks like it's a matter of time for the region to have other countries falling into an abyss of misery.
It's unfortunately 😬 is already going to the region. Populist parties of south America love spending 💰 money without thinking about the future and other populist thing's like tax the riches to get more welfare state to the poor (a lot of this money in those countries go to curoption and the rich get out of the country and foreign investment very necessary to get capital to new tech to produce things from coffee to glass will go away and the region get poorer and less competitive market to outside world) and welfare make politicians very popular in the way is almost impossible to get them out of power and the poor get used to living by the state instead by theirs owns means so it's understandable but from Left ◀️ to Right ▶️ politicians don't care about longer term and sustainable thing's it's not their problem it's someone else!!! Also some politicians of this region are power hungry so they stick to the power like dictator of Venezuela Maduro!!!!
Don't forget that the majority of jobs in Venezuela were in state run companies especially PDVSA. Despite being state run and the source of their income the company was incredibly underfunded and wasteful with the majority of money in the company going into the pockets of officials and hi level employees on insane salaries. Very little was spent on making the company more efficient or exploration of new wells or improving equipment etc currently in use. As such oil production was constantly falling as was profit per barrel extracted Simply, even if PDVSA was tasked with supplying oil to the US, I highly doubt that the decay before the sanctions plus 4 years of further decay and under finding they will be in any state without outside assistance to produce what they previously could never mind what is required
You could have talked about the US railway workers and potential strikes... While this is a good video, this situation is one that urgently needs discussion and could have a lot more tangible affects on the US domestically.
According to the court filing, the police officer filing the complaint claims that Sam Brinton accidentally took the wrong bag from the airport and didn't give it back because they "got nervous people would think they stole the bag and didn't know what to do." I don't know what the tabloids are saying or insinuating, but this is what the cop says happened.
Hmm, maybe ideas for videos could be diving into state governments? Foreign policy feels like it heavily overlaps with TLDR Global. Although I do think US videos should focus more on North and South America. These relationships seem to always go under the radar in the mainstream media especially because of the language differences
Nice video. Venezuelans decades long suffering shouldn't be ignored because of the disputes between the govts of US and Venezuela. Also if the sanctions are lifted and Venezuela's economy recovers, it will eventually slow down/stop the illegal migration taking place from various South American countries to the US. Hope everyone understands these issues as well.
@@GreenBlueWalkthrough there is no need to hate and punish an entire country and its citizens only because the ruling govt is bad or authoritarian. The citizens may not wholeheartedly like their government but maybe forced to do so, just like in the case of North Korea and every other non democratic nations.
@@e.sanoop110 but Venezuela was democratic until the govt started losing elections, and when people protested them it became authoritarian, what would you suggest the international community do in those cases?
@@endless2239 sanctions are just compounding their economic problems, thereby forcing their citizens to become legal and illegal migrants abroad in order to have a better life. So sanctions are not viable solution, it just makes things worse. South America's economic recovery and prosperity will actually stop the illegal migration happening in the US, building bigger border walls are also not feasible as desperate people will try alternate routes and methods to reach the US. Look at solutions which will benefit everyone in the long run.
@@GreenBlueWalkthrough THEY SHOULD NOT ! ... but then Biden Cabal is in the pocket of BigArmamentIndustry ( i.e. Ukraine conflict) , and BigOilIndustry ( BIden Green Cabal HATE the native American Oil/Gas producers ! ) ... so here we go :-)
This is the first I'm hearing about this! US media likely has buried this story due to World Cup and Russia-Ukraine War. This is a good step for Venezuela and the global community. It will take some time for that oil output to increase but it might bring oil prices down a little just based on potential. And for Venezuela, it restarts talks between Maduro and the opposition. I still think little will change (Maduro will remain 'dictator', oil prices will only be affected minimally) but a good direction to go.
Venezuela has oil, and at least they’re not invading their neighbors. Sanctions have an effect, but that effect is cutting deep into that country’s economy, not causing a change in leadership. Before sanctioning a country, we should ask, will sanctioning that country get us what we want? If you want a change in leadership, sanctions won’t get you that. But if you want to cut deep into a country’s ability to wage war, sanctions will get you that.
Venezuela 🇻🇪 cannot experience like Peru (Piruw) 🇵🇪🏳️🌈 in a current political and economic crisis due to foreign intervention as an international threat.
I love how a democratic republic that holds elections and allows international observers is called a dictatorship (how competent the current government is is another matter of debate) and an actual dictatorship like Saudi Arabia is often referred to as a "kingdom". Puts a perfect perspective on how subjected we all are to American imperialism.
It would be quite the unusual political situation for an administration with an economy this bad to be reelected even once in a true democracy. British people are nowhere remotely close to the desperation of Venezuela and yet the Tories are looking like they could be eviscerated as a political party and get only half the votes of their major rival Labour. Boris Yeltsin only narrowly won reelection in 1996, and didn´t try to change the constitution to run for a third term as he could clearly see that would not go anywhere. Brazil´s Workers Party got hammered in 2018 during a major recession. To imagine that one party closely associated with mismanagement at minimum in power for a quarter century by that point would get reelected so often is also weird. It isn´t completely undemocratic to have a dominant party, but you would expect there to be fairly good consensus about the integrity of their elections like in Japan, but even Japan regularly replaces their leaders and South Africa has a term limit of two terms of five years each for their whole lives. Venezuela extended the terms to six years of which you can run for an unlimited number of them, for an already strong presidency in the Venezuelan constitution. Democratic governments trend towards things like sharply limiting emergency powers, being inclusive on judges, and similar. Venezuela is going the other direction, with the national assembly basically bypassed even in ordinary legislative function for three years, and the decree powers of the president have been much stronger than one would expect if Venezuela was truly democratic.
@@robertjarman3703 I appreciate the time you devoted to your comment but there seems to be something you miss. Venezuela had issues with poverty way before Chavez took power and despite the clear mismanagement of his administration and that of his successor's, they managed to bring people out of hunger. I would say that they are deluded in thinking that they alone can keep feeding their people by selling oil just to put food in people's mouths without any long term plan for economic development but they still have the support of the majority of the population. What worries me is that the opposition (and the former oligarchs that fled the country in a panic move after Chavez's takeover) don't seem to have any plan for the country besides being a puppet state to the US.
@@unclerubo I was trying to come up with trends about democracy vs authoritarianism that should help to avoid some of the typical issues people have when trying to judge another society´s governance. I know that Venezuela was vastly unequal before. That´s part of how Chavez came to govern in the first place, and was genuinely popular in those early days, with 56% of the vote in 1998, and about 60% in 2000, the recall a few years later failed. The referendums and constituent assemblies are less clear because of the rather low turnout, where Venezuela had higher turnout for the two elections I said before featuring Chavez himself, and an impressive 70% turnout with 60% against the recall in 2004. But trouble would begin to show later on. Chavez used a considerable number of decrees, despite that he actually had a majority of the seats in the legislature from his alliance until 2015. Executive decrees aren´t alien to democratic systems but the frequency and scope of them and how most of them didn´t get turned into legislative action particularly quickly, when combined with the other trends you saw, makes them very shady. He fired the board of Petroleum of Venezuela on national television, which is normally something that legislatures do in other countries, or at the very least a cabinet comprised of ministers from a number of parties would do. And he got a referendum on repealing term limits and extending the length of terms. Very few democratic leaders serve more than 5 year terms, and even fewer serve more than about 10 years in office (Hugo served 15, and had been elected for a total of 20). Some democratic leaders do get reelected this often like Merkel at 16 years, but the countries they lead are without serious doubt from the international community to be democratic and hold free elections, and rarely have the pure strength of constitutional power that a Venezuelan president does. Chavez also lost a couple of critical votes like in 2007 in a referendum. And fundamentally, if your political system is organized around the goodwill of one man, then you are putting a huge number of eggs into one basket. Even if they are the most saintly leader you can have with the best ideas, they are mortal creatures, something that Hugo himself proved when he died of cancer, and humans are never that saintly when they have power like this. A strong political system divests power among many with overlapping layers of protection to secure your society from the abrogation or danger to any one part of it. Venezuela´s political system does not. Add in the resource curse Venezuela has with oil and gas and corruption already having been really high and any move towards consolidation of power into one man is really dangerous, and Venezuela is paying for it now when they had surpluses a decade ago.
because the democratically elected national assembly from 2015 was deemed in contempt by the maduro regime, and since them the opposition political leaders had been arrested or had to flee. very easy way to win when you eliminate the competition or rule out their victories, I wouldn't call that a "democratic republic" but what do I know.
1. TLDR needs to stop being hawkish towards Socialist countries, we see your biases. 2. Maduro is the President, not Acting President, not Vice President, but the President. 3. Calling Venezuela a dictatorship is stupid, and in that case, the UK is a dictatorship.
Maderno seems horrible but the US harming Venezuelans with embargoes is a good way to make enemies. The US really needs to reconsider it's dependence on oil rather than continuing to put band aids over it
Not like Trump wasn't buddies with Vlad Putin (in fact, the GOP in general has openly sided with Russia against Ukraine) and Kim Jong Un (he wrote such nice letters!). You can keep following this line pretty much through U.S. history, but most especially during the Cold War.
@@Homer-OJ-Simpson I'm not saying Maduro is popular. He is a dictator. But the attempted coup had almost no support from venezuelan refugees either. It's just not how most people would like to see regime change, besides a couple of idiots in the CIA, who I'm sure is in the minority there at this point.
@@RexCogitans they weren’t CIA and the fact you think so is contradictory to many like you. You probably argue how CIA was behind throwing out many leaders in the past but then you argue here that CIA is so inept. It certainly wasn’t CIA people and if CIA provided any support whatsoever it was likely very limited.
@@RexCogitans I don’t know that refugees were against that little coup. They really hate Maduro and Maduro basically did a “coup” by holding illegal elections preventing the opposition leader (not Gaudio) from winning.
@@Homer-OJ-Simpson "You probably argue.." ah the whole 'lets make an argument you never said nor started because I wana move goal posts to try and look sane
Not really surprising. At the end of the day, every US president in my life time has played buddy buddy with dictators, so long as the dictator is sitting on a oil field.
like oil buying from the Russians will make them more democratic or buying Cobalt from the DRC or manufacturing in China will we ever learn capitalism isn't a way to get rid of dictators
I hope their country gets better as one of their neighbors that they claim they own 70% of our land I hope the Venezuelan people's hardship ends they have suffered a lot. I have seen young beautiful girls selling their bodies because it's the only way they can survive
It's nice to see the US trying something different with Venezuela. Maximum pressure was clearly not working and only causing the average person in Venezuela to suffer. Let's hope normalizing relations again can lead to a more prosperous and democratic Venezuela for the majority of the people.
Can we get tldr environment? As climate change ramps up it will be important to know how the global leviathan will be responding to it. Especially as we seem to be increasing oil production as this video indicates.
US meddling in other countries doesn't mean their leaders are illegitimate. Juan Guido was a joke that depended on a failed coup. As you pointed out in your video about new oil in Guyana, there is always a trap in petro booms, which many other countries fell victim to. The only difference is that the US tried to coup Venezuela, and not say the Netherlands during the gas boom.
Even if the reasons for this happening are selfish, like the high price of oil, I hope that Maduro and the opposition can start dialogue and come to some sort of agreement. Many Venezuelans are living in poverty and have been forced to flee due to the economic disaster there.
A good deal with opposition i.e. Maduro being the president Guaido the prime minister and agreement on fair elections might solve the political crisis. Also, Venezuela shall start developing its agricultural sector to diversify their economy, this can lead out of poverty.
Why would maduro let go of power just like that? Fidel, chavez, maduro, and the endless latin american dictator dont care about the actual country. The power and title is too comfortable
venezuela is on our side of the world and isnt east of west leaning politically we can possibly sway them over to our side and all states who can join our side is beneficial in a war effort
What justification does the US have to sanction Venezuela. In short none. Maduro is recognized as President by the military and the courts in Venezuela. As far as I know they haven't done anything not within their rights as a sovereign nation. Much of the economic problems of Venezuela is the fault of the Venezuelan government but that doesn't justify sanctions. The US doesn't sanction Saudi Arabia which is much less democratic than Venezuela.
So the old military leaders and his friends in court dictate life for everyone else? The people dont want him but they wont say it within the country due to fear. Of course the few that benefit will be in favor. Theres a reason for sancions
USA has no choice. Almost all dictatorships are oil owners and very few free nations own oil. So US has to work with someone to maintain it's current economy because it's unreasonable trying to reach 0 oil goal, *for now atleast* .
Thats bullshit and you know it, there is lots of oil producing countries that are not NATO members or even US allied nations. Angola jumps to mind, Nigeria, Indonesia, Malaysia, Brunei, Azerbaijan and probably many more I forgot. The problem with most of these nations (and also Venezuela) is that they are run by more or less corrupt governments that pocket the oil wealth for themselves instead of actually building up their economies and improving their citizens lifes in the long term. This lazy and unimaginative black and white conspiracy theory/mindset that the US only allows "friendly" nations to develop their economies is so frustrating especially as it always (and that is probably the goal of the entire "argument") shifts the blame away from the corrupt elites that run these countries to someone else. "People I tell you, its not our corrupt and incompetent leadership that keeps us poor, its the US and the West, its all their fault, dont blame (insert corrupt petro state dictator here), blame them!"... Note: I am not saying the US isnt happily profiting of dictatorships like that or that they are afraid of toppling a democratically elected government or start a war for their profit, but your comment misses the point entirely!
As a Cheveron shareholder, I will vote against any director that allows the company to invest or work in Venezuela. How much was lost last time we were there? I don't care what the Biden administration wants, as a shareholder, Cheveron needs to walk away. I encourage all shareholders to vote against management in the future if they do this. It will not end well.
you can also point out that the joint venture is illegal by Venezuela's law, as they don't allow chevron to pay taxes for the oil they be pumping, which is against Venezuela's own constitution. not like dictators care about law anyway.
The US wouldn't need to be making ties with autocracies such as Saudi Arabia or Venezuela if they drilled their own oil, but there's been increased restrictions with the current administration. Not to mention that the push for a major investment in nuclear energy is still far from enough. Now, many of Venezuela's economic woes are self inflicted, some are mentioned at the end of the video, but it is worth highlighting another terrible policy and that was the indiscriminate nationalization. Venezuela under Chavez not only nationalized oil, but also a lot of private businesses including from the food production and supply chain, that is farms, agroindustrial complexes and supermarkets. The terrible mismanagement of these businesses led to a drop in production, which led to basically a self inflicted crop failure over several years, which led to a major reliance on food imports, imports that could only be paid for as long as the oil exports allowed it. And because food became so scarce to buy through private means, the government then went to "solve" the problem they made themselves with the "CLAP Boxes", basically free food that only contained carbohydrates (and was a whole corruption scheme in itself), not to mention that there's reasons to believe that the government only handed them to people that voted. I remember hearing about special IDs being issued. The US only imposed direct sanctions against the Venezuelan oil industry as late as 2019, looking at historic data, it can be observed that the total oil exports of the country were already in decline well before this year. And this video is right that lifting US sanctions won't help the average Venezuelan, because the economic system is very broken. Worth mentioning that Venezuela is a de facto feudal state, where the "king" is Maduro and the PSUV party and the vassals different criminal groups such as the Colectivos and guerrillas such as the ELN, which operates in the "Orinoco Mining Arc" among other places. Any democratization or change in Venezuela will find opposition from these groups. But in the end of the day, negotiating with the opposition has always been a tool for Maduro to buy time and to pretend. Many talks have taken place in the past, and all of them have failed, why would these ones be successful?
It's a toss up right now. Overturning Wade vs. Rowe wrecked the Republicans in the mid-terms. Trump is still circling and splitting focus. Also, thr tired old slogans and culture war garbage isn't working like it did before for his acolytes. The Democrats have a shot.
@@PhillipHilton yeah thats very true, didn't think about trump splitting the vote part.....I'm just going off how when its democrats doing beneficial stuff Republicans just use dumb topics like gas prices with their dumb voters and manage to win
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This is a good segment which TLDR needs to do more of. I think the main issue with this channel is that it covers very mainstream news and is often late reporting it. American news is already an oversaturated field, so you need to make unique content to stand out. Making a video about polling going up or down is boring and not many will care. This story though I've never heard of until now, so it was very engaging.
The public targeted by these videos on the US is the European public which doesn’t follow American news channels so your criticism on the content of the videos of this channel doesn’t hold.
@@urax35 No... I don't think you're right. I'd bet the majority of their TLDR News US viewers are from the US. I don't know where you got your data from, but it's silly of you to criticize their criticism like you know the demographics of the channel viewers.
i also totally missed the news on this, theres a lot going on right now and this fell thru the cracks.
I can confirm for the european audience they do not know a lot about USA news let stand news coming from Latin America our European media focuses either on domestic affaires or on economic situation.
@@Tmb1112 I talked about the public targeted by these videos, not the actual public that watches the videos. These cannot confused, they are not the same thing.
Allowing Venezuela to export oil will hurt Russia and the Saudi's. Unlike Iran they don't pose a threat to the US. Plus American refineries need the heavy crude oil to run
Venezuela was a threat when they nationalised their oil industry.
To finance their socialist economy, which was already reliant on oil for decades, they rapidly pumped oil which offended russian and Saudi interests. US interests were offended because Venezuela was where their backyard oil was. Only after when SA, RU and the US teamed up to suppress and sanction Venezuela, The Obama administration ramped up fracking and Canadian tar sands to suppress Saudi and Russian dominance in the oil market.
All behind the backdrop of a climate crisis you and your children are inheriting.
yet
@@firewarp8819 Ehhh even well funded they could cause damage but nothing on the scale of Iran or Russia.
You're right but Venezuela is a long way away from producing lots more oil. Chavez began policies and practices that slowed the oil output. And much of the oil reserves they have are hard to retrieve compared to Saudi oil which is just bubbling on the surface.
@@Homer-OJ-Simpson two years would be my guess. With more desperation and lower environmental rules you can turn the wells back on easier. With proximity to the US the cost of transportation makes sense. The recent developments in Guinea next door has brought talent, equipment and money to the area. I think it'll be quicker than development I have worked with in Ohio, Pa and WV.
I think you should also mentioned the recent political shift in the rest of Latin American countries, especially Colombia/Chile, which have opened up more for Venezuela to recover their international diplomatic relationships
Chile has had a severe increase in energy prices so this would not surprise me not forgetting they are more liberal now less conservative and has had over the years a pretty big inflow of venezolan refugees into the country.
Just an FYI, Colombia / Chile don't approve of Maduro. Chile's left wing president said The Left Must Condemn Human Rights Violations by 'Left' Governments Like Venezuela's. If they are opening up to Venezuela economically, it is not a show of support of Maduro.
Venezuela will hit a very lucky spot soon enough, with an elected left wing goverment in Brazil and Colombia, they will have quite a bit of support now.
@@Homer-OJ-Simpson petro also could gain a lot of popular support if he crowns himself as the man than convinced maduro to leave office, not a friend.
the only possible real help the Venezuelan regime could have is from lula's Brasil, and even then considering how they're just moving from bolsonaros far right..... might not be as convenient as it seems.
There is new pink wave. Even brazil got left wing president who will open brazil trade with Venezuela just like Colombia dis
Wow, good job, TLDR US. This hasn't been on my radar. Thank you.
Now THIS Is some juicy International gossip and i am all for it
0:26 “Hint, its about oil”
Every American: I have automatically been informed of everything in this video
The route of most Venezuela's economic problems may not be sanctions, but ultimately the effect of sanctions is generally only to hurt ordinary people. They exist so politicians can say that they are doing something without actually having to negotiate or think much about it.
Sanctions only work if their government actually gives a shit about their people lmao
To be fair it's that or ignore them or war...
if the Venezuelan regime wanted to avoid ordinary people being hurt by the sanctions they could have let the UN send the humanitarian mission.
@@endless2239 if I remember correctly, NK also do this. How are they now?
Oil talks 🤷
Why do you think the US ignored all of Saudi’s human rights abuses all these years?
Politics when oil is involved gets complicated.
Same goes to why Saudi Arabia wasn't invaded for 911, but Iraq was.
@@davidty2006 it's not
And there's an awesome youtuber and author by the username MofreedomFoundation who has spent his career in the oil industry in the middle East.
They are a large nation located in the center of Euroasisa?
@@toyotaprius79 MFF’s geopolitical credibility is rather questionable though, way to overconfident on perspective the goals of the state security apparatus outside the Gulf and carries a lot of bad Austrian economics in his views
A large reason that Venezeula does not produce that much oil is because there machines are all old, and barely get fixed. This is also why they don't extract any natural gas from there oil, when they could. My dad worked in Venezuelen oil and he told me that most people in that center fled the country causing there to be a lack of engineers. Those people were also very wealthy, so when
Venezuela became socialist, most of the there money and possesions were taken away. This happen to me and my family during the early 2010's.
Along with a couple of decades of not maintaining the oil operation properly, Chavez decision to fire thousands of experienced PDVSA workers who had taken part in an industry strike in 2002-2003 gutted the state company of important technical expertise. Beginning in 2005, Chavez provided subsidized oil to several countries in the region, including Cuba, through an alliance known as Petrocaribe. Over the course of Chavez’s presidency, which lasted until 2013, strategic petroleum reserves dwindled and government debt more than doubled
During the early days of venezuelas crisis I heard numbers like 10-20 years in terms of how far behind they are on maintenance and updates/upgrades. That's likely 10+ years of average maintenance/upgrades and not 10+ years of maximum spending though, but even with ample investment and competent leadership they'll still take a long time to catch up
Lo siento mucho por lo que te pasó a ti y a tu familia. :(
The term "US backed opposition" indicates that the situation is very bad...
hence juan guidao being a non starter. 2018 wasn't a clean election but the US support of guidao has made him look like a puppet. if opposition wants to win in 24, it has to be someone else.
Both of you are wrong. Guaido should have, legally, became the interim president according to the Venezuelan constitution. Very simple here. How are people still getting this wrong and acting like the USA put Guaido there? Quite literally following the Venezuelan constitution and law that Maduro wrote himself. Genuinely curious as to what confusion there could be.
“US backed opposition”… you forgot to add the term “Western World backed”.
How so communist? The opposition is actually backed by much of the world. At least those that care for democracy. As Diego Martinez said, Guaido should have, legally, became the interim president according to the Venezuelan constitution.
@@seank2251 " US support of guidao has made him look like a puppet". You sound like a left wing puppet. Guaido was backed by most of the world's democracies. Guaido should have, legally, became the interim president according to the Venezuelan constitution. The only ones to not back Guiado were dictatorships and far left wing leaders.
@@DiegoMartinez-or4sc That's because Oded Arbel and Sean K are far leftist that support dictatorships if it's left wing. Guaido was backed by most of the world's true democracy while Maduro was backed by dictators and weak democracy states with a few far left leaders thrown in. In fact, the video even mentioned many countries backed Guidao not just the US so Arbel and Sean K chose to ignore it because of their support for authoritarian left wing dictatorships.
i gave almost the exact same presentation at work like a week ago, good work covering this.
The resumed story of Venezuela's economic downfall due to economic irresponsibility in the video is so similar to the history other countries from south america, with the difference of being quicker and more dramatic, that looks like it's a matter of time for the region to have other countries falling into an abyss of misery.
It's unfortunately 😬 is already going to the region. Populist parties of south America love spending 💰 money without thinking about the future and other populist thing's like tax the riches to get more welfare state to the poor (a lot of this money in those countries go to curoption and the rich get out of the country and foreign investment very necessary to get capital to new tech to produce things from coffee to glass will go away and the region get poorer and less competitive market to outside world) and welfare make politicians very popular in the way is almost impossible to get them out of power and the poor get used to living by the state instead by theirs owns means so it's understandable but from Left ◀️ to Right ▶️ politicians don't care about longer term and sustainable thing's it's not their problem it's someone else!!! Also some politicians of this region are power hungry so they stick to the power like dictator of Venezuela Maduro!!!!
Don't forget that the majority of jobs in Venezuela were in state run companies especially PDVSA. Despite being state run and the source of their income the company was incredibly underfunded and wasteful with the majority of money in the company going into the pockets of officials and hi level employees on insane salaries. Very little was spent on making the company more efficient or exploration of new wells or improving equipment etc currently in use. As such oil production was constantly falling as was profit per barrel extracted
Simply, even if PDVSA was tasked with supplying oil to the US, I highly doubt that the decay before the sanctions plus 4 years of further decay and under finding they will be in any state without outside assistance to produce what they previously could never mind what is required
Love these deep dives
You could have talked about the US railway workers and potential strikes... While this is a good video, this situation is one that urgently needs discussion and could have a lot more tangible affects on the US domestically.
Hey when you can could yall go over "the Twitter files"?
Can you please cover the news regarding Sam Brinton?
I want a more neutral recap on the controversy other than from Daily Mail or Fox News.
Why, from what i seen they're just some gender fluid person who stole expensive lugage. Whats the news, its no mega heist?
According to the court filing, the police officer filing the complaint claims that Sam Brinton accidentally took the wrong bag from the airport and didn't give it back because they "got nervous people would think they stole the bag and didn't know what to do." I don't know what the tabloids are saying or insinuating, but this is what the cop says happened.
@@cassandrawasright1481 so why would they cover just some petty crime done by some random nuclear energy specialist that might have been an accident
Venezuela and Iraq led the start of OPEC and still have considerable influence!!
I need a "you get the idea" t-shirt
Hmm, maybe ideas for videos could be diving into state governments?
Foreign policy feels like it heavily overlaps with TLDR Global.
Although I do think US videos should focus more on North and South America.
These relationships seem to always go under the radar in the mainstream media especially because of the language differences
"Hint it's about oil"
Do you think we are children?
If it makes the Brits feel better about their brexit..
mayeb some are watching tho
Nice video. Venezuelans decades long suffering shouldn't be ignored because of the disputes between the govts of US and Venezuela. Also if the sanctions are lifted and Venezuela's economy recovers, it will eventually slow down/stop the illegal migration taking place from various South American countries to the US. Hope everyone understands these issues as well.
I mean their issues are self inflected and why should the USD help a dictator oppress their people?
@@GreenBlueWalkthrough there is no need to hate and punish an entire country and its citizens only because the ruling govt is bad or authoritarian. The citizens may not wholeheartedly like their government but maybe forced to do so, just like in the case of North Korea and every other non democratic nations.
@@e.sanoop110 but Venezuela was democratic until the govt started losing elections, and when people protested them it became authoritarian, what would you suggest the international community do in those cases?
@@endless2239 sanctions are just compounding their economic problems, thereby forcing their citizens to become legal and illegal migrants abroad in order to have a better life. So sanctions are not viable solution, it just makes things worse. South America's economic recovery and prosperity will actually stop the illegal migration happening in the US, building bigger border walls are also not feasible as desperate people will try alternate routes and methods to reach the US. Look at solutions which will benefit everyone in the long run.
@@GreenBlueWalkthrough THEY SHOULD NOT !
... but then Biden Cabal is in the pocket of BigArmamentIndustry ( i.e. Ukraine conflict) , and BigOilIndustry ( BIden Green Cabal HATE the native American Oil/Gas producers ! ) ...
so here we go :-)
Really good segment. Been predicting this since Ukraine got invaded.
Don’t know why this isn’t getting more attention
I'd believe this is to reduce US imports of oil from the Arabian peninsula and/or diversify once again.
all makes me think of Mr krabs going "money, money, money, money"
So Trump’s strategy failed and Venezuela came to the table due to isolation by magic? I guess it didn’t failed after all.
very informative!
This is the first I'm hearing about this! US media likely has buried this story due to World Cup and Russia-Ukraine War. This is a good step for Venezuela and the global community. It will take some time for that oil output to increase but it might bring oil prices down a little just based on potential. And for Venezuela, it restarts talks between Maduro and the opposition. I still think little will change (Maduro will remain 'dictator', oil prices will only be affected minimally) but a good direction to go.
Good episode.
Venezuela has oil, and at least they’re not invading their neighbors. Sanctions have an effect, but that effect is cutting deep into that country’s economy, not causing a change in leadership. Before sanctioning a country, we should ask, will sanctioning that country get us what we want? If you want a change in leadership, sanctions won’t get you that. But if you want to cut deep into a country’s ability to wage war, sanctions will get you that.
the thumbnail is funny haha thanks for the laugh
That very cursed thumbnail right there 😂
It's American grade clickbait
Venezuela 🇻🇪 cannot experience like Peru (Piruw) 🇵🇪🏳️🌈 in a current political and economic crisis due to foreign intervention as an international threat.
all I know about vene is all of the runescape gold farmers live there lol
ALRIGHT GUYS, WHATEVER YOU DO, DON’T EVEN THINK ABOUT SAUDI ARABIA
Oof, this video didn't pop-up in my recommended so I missed it.
FYI. AMERICA is using Venezuela 🇻🇪 as a way to keep important Russian oil 🛢, the oils are similar
It's what our leaders here in American do, we establish relationships with dictators when it's convent to us. It's quite frustrating.
I love how a democratic republic that holds elections and allows international observers is called a dictatorship (how competent the current government is is another matter of debate) and an actual dictatorship like Saudi Arabia is often referred to as a "kingdom". Puts a perfect perspective on how subjected we all are to American imperialism.
It would be quite the unusual political situation for an administration with an economy this bad to be reelected even once in a true democracy. British people are nowhere remotely close to the desperation of Venezuela and yet the Tories are looking like they could be eviscerated as a political party and get only half the votes of their major rival Labour. Boris Yeltsin only narrowly won reelection in 1996, and didn´t try to change the constitution to run for a third term as he could clearly see that would not go anywhere. Brazil´s Workers Party got hammered in 2018 during a major recession.
To imagine that one party closely associated with mismanagement at minimum in power for a quarter century by that point would get reelected so often is also weird. It isn´t completely undemocratic to have a dominant party, but you would expect there to be fairly good consensus about the integrity of their elections like in Japan, but even Japan regularly replaces their leaders and South Africa has a term limit of two terms of five years each for their whole lives. Venezuela extended the terms to six years of which you can run for an unlimited number of them, for an already strong presidency in the Venezuelan constitution.
Democratic governments trend towards things like sharply limiting emergency powers, being inclusive on judges, and similar. Venezuela is going the other direction, with the national assembly basically bypassed even in ordinary legislative function for three years, and the decree powers of the president have been much stronger than one would expect if Venezuela was truly democratic.
@@robertjarman3703 I appreciate the time you devoted to your comment but there seems to be something you miss. Venezuela had issues with poverty way before Chavez took power and despite the clear mismanagement of his administration and that of his successor's, they managed to bring people out of hunger.
I would say that they are deluded in thinking that they alone can keep feeding their people by selling oil just to put food in people's mouths without any long term plan for economic development but they still have the support of the majority of the population.
What worries me is that the opposition (and the former oligarchs that fled the country in a panic move after Chavez's takeover) don't seem to have any plan for the country besides being a puppet state to the US.
@@unclerubo I was trying to come up with trends about democracy vs authoritarianism that should help to avoid some of the typical issues people have when trying to judge another society´s governance.
I know that Venezuela was vastly unequal before. That´s part of how Chavez came to govern in the first place, and was genuinely popular in those early days, with 56% of the vote in 1998, and about 60% in 2000, the recall a few years later failed. The referendums and constituent assemblies are less clear because of the rather low turnout, where Venezuela had higher turnout for the two elections I said before featuring Chavez himself, and an impressive 70% turnout with 60% against the recall in 2004.
But trouble would begin to show later on. Chavez used a considerable number of decrees, despite that he actually had a majority of the seats in the legislature from his alliance until 2015. Executive decrees aren´t alien to democratic systems but the frequency and scope of them and how most of them didn´t get turned into legislative action particularly quickly, when combined with the other trends you saw, makes them very shady. He fired the board of Petroleum of Venezuela on national television, which is normally something that legislatures do in other countries, or at the very least a cabinet comprised of ministers from a number of parties would do. And he got a referendum on repealing term limits and extending the length of terms. Very few democratic leaders serve more than 5 year terms, and even fewer serve more than about 10 years in office (Hugo served 15, and had been elected for a total of 20). Some democratic leaders do get reelected this often like Merkel at 16 years, but the countries they lead are without serious doubt from the international community to be democratic and hold free elections, and rarely have the pure strength of constitutional power that a Venezuelan president does.
Chavez also lost a couple of critical votes like in 2007 in a referendum.
And fundamentally, if your political system is organized around the goodwill of one man, then you are putting a huge number of eggs into one basket. Even if they are the most saintly leader you can have with the best ideas, they are mortal creatures, something that Hugo himself proved when he died of cancer, and humans are never that saintly when they have power like this. A strong political system divests power among many with overlapping layers of protection to secure your society from the abrogation or danger to any one part of it. Venezuela´s political system does not. Add in the resource curse Venezuela has with oil and gas and corruption already having been really high and any move towards consolidation of power into one man is really dangerous, and Venezuela is paying for it now when they had surpluses a decade ago.
because the democratically elected national assembly from 2015 was deemed in contempt by the maduro regime, and since them the opposition political leaders had been arrested or had to flee.
very easy way to win when you eliminate the competition or rule out their victories, I wouldn't call that a "democratic republic" but what do I know.
@@endless2239 ignoring the violent attempts to seize power is really convenient isn't it?
1. TLDR needs to stop being hawkish towards Socialist countries, we see your biases. 2. Maduro is the President, not Acting President, not Vice President, but the President. 3. Calling Venezuela a dictatorship is stupid, and in that case, the UK is a dictatorship.
Murica as always
Maderno seems horrible but the US harming Venezuelans with embargoes is a good way to make enemies. The US really needs to reconsider it's dependence on oil rather than continuing to put band aids over it
Not like Trump wasn't buddies with Vlad Putin (in fact, the GOP in general has openly sided with Russia against Ukraine) and Kim Jong Un (he wrote such nice letters!). You can keep following this line pretty much through U.S. history, but most especially during the Cold War.
Why did you not write dictator on the thumbnail when writing about Saudi Arabia, China or Russia? (Removed reference to Operation Gideon 2020)
What US backed coup? The one you made up? Maduro is only 'popular' in VZ because millions that oppose him fled.
@@Homer-OJ-Simpson I'm not saying Maduro is popular. He is a dictator. But the attempted coup had almost no support from venezuelan refugees either. It's just not how most people would like to see regime change, besides a couple of idiots in the CIA, who I'm sure is in the minority there at this point.
@@RexCogitans they weren’t CIA and the fact you think so is contradictory to many like you. You probably argue how CIA was behind throwing out many leaders in the past but then you argue here that CIA is so inept. It certainly wasn’t CIA people and if CIA provided any support whatsoever it was likely very limited.
@@RexCogitans I don’t know that refugees were against that little coup. They really hate Maduro and Maduro basically did a “coup” by holding illegal elections preventing the opposition leader (not Gaudio) from winning.
@@Homer-OJ-Simpson "You probably argue.." ah the whole 'lets make an argument you never said nor started because I wana move goal posts to try and look sane
4:33 "CHINES" seems to be a typo
Chines is a real word
Its really kinda simple:
An enemy of the enemy, is a friend of mine.
What pray tell is that thumbnail 😂😂😂😂
Their oil. Long and short of it.
Not really surprising. At the end of the day, every US president in my life time has played buddy buddy with dictators, so long as the dictator is sitting on a oil field.
I can only hope this will help the people in the country..
like oil buying from the Russians will make them more democratic
or buying Cobalt from the DRC
or manufacturing in China
will we ever learn capitalism isn't a way to get rid of dictators
It won't as it will only enbolden a dictator.
This is the kind of content you should make for TLDR news- not just polls and elections
Because of oil... end of video
Lets go tldr us
I hope their country gets better as one of their neighbors that they claim they own 70% of our land I hope the Venezuelan people's hardship ends they have suffered a lot. I have seen young beautiful girls selling their bodies because it's the only way they can survive
It's nice to see the US trying something different with Venezuela. Maximum pressure was clearly not working and only causing the average person in Venezuela to suffer. Let's hope normalizing relations again can lead to a more prosperous and democratic Venezuela for the majority of the people.
I watched on Nebula
Start of video: Trumps sanctions failed End of video: Venezuela is in a economic crisis. Hmmm.
Yay more gas for us, lower prices please
its insane that the world richest oil country is also the poorest
It's a simple choice really. Buddy up with some dictators, or keep gas prices high.
That Muduro should be a wrestler!
Waned, not wained. I think you lads should spellcheck your slides.
Can we get tldr environment? As climate change ramps up it will be important to know how the global leviathan will be responding to it. Especially as we seem to be increasing oil production as this video indicates.
US meddling in other countries doesn't mean their leaders are illegitimate. Juan Guido was a joke that depended on a failed coup. As you pointed out in your video about new oil in Guyana, there is always a trap in petro booms, which many other countries fell victim to. The only difference is that the US tried to coup Venezuela, and not say the Netherlands during the gas boom.
might I ask, what coup exactly is this were guiado participated?
Even if the reasons for this happening are selfish, like the high price of oil, I hope that Maduro and the opposition can start dialogue and come to some sort of agreement. Many Venezuelans are living in poverty and have been forced to flee due to the economic disaster there.
Economic disaster? You mean US sanctions, right?
This is actually a pretty smart strategic move. I have to give my props to the biden administration for this one
To paraphrase Biden "a four letter word: oil"
Informative video, click-baity title card
A good deal with opposition i.e. Maduro being the president Guaido the prime minister and agreement on fair elections might solve the political crisis. Also, Venezuela shall start developing its agricultural sector to diversify their economy, this can lead out of poverty.
Why would maduro let go of power just like that? Fidel, chavez, maduro, and the endless latin american dictator dont care about the actual country. The power and title is too comfortable
@@spammynacho Then no deal and sanctions.
Answer to thumbnail question: oil and gas.
3:42 please explain the decision on the graphic choice.
Money 🦀
As long as it brings the gas prices down idc
venezuela is on our side of the world and isnt east of west leaning politically we can possibly sway them over to our side and all states who can join our side is beneficial in a war effort
Because Oil prices are high and the usual dictator for that is buthurt.
I'd rather see Maduro get some sweet petrodollar than giving it to that arabian prince
Cubans be eternally waiting for our sanctions to loosen up abit
Only if they go full Caputalist
Because it's not right then evils ?
I haven’t heard anything about this important news. Thanks to President Biden for keeping oil prices down (contrary to what the MAGA. Party says)
Subscribed 👍
venezuela could be use as a replacement from the saudi arabia
OIL would that be like Gas and Qatar?
What justification does the US have to sanction Venezuela. In short none. Maduro is recognized as President by the military and the courts in Venezuela. As far as I know they haven't done anything not within their rights as a sovereign nation. Much of the economic problems of Venezuela is the fault of the Venezuelan government but that doesn't justify sanctions. The US doesn't sanction Saudi Arabia which is much less democratic than Venezuela.
So the old military leaders and his friends in court dictate life for everyone else? The people dont want him but they wont say it within the country due to fear. Of course the few that benefit will be in favor. Theres a reason for sancions
Based Chavez
Cuba like :l
Please do an episode on the dying U.S. journalism both with the spread of news deserts and the loss of trust.
UK journalism is in the same boat.
You know, NewsCorp and dark money from TurningPoint USA/UK.
That's not news. This is a news channel.
Poor Venezuela without Chines support
This is a tabloid-like thumbnail and something I'm generally disappointed to see on TLDR. Try to be better.
USA has no choice. Almost all dictatorships are oil owners and very few free nations own oil. So US has to work with someone to maintain it's current economy because it's unreasonable trying to reach 0 oil goal, *for now atleast* .
The US is the biggest oil producer.
Bye bye US
You can't be "The Norway of latin america" without being a NATO member.
Only reason Norway could avoid the same economic warfare from USA
Thats bullshit and you know it, there is lots of oil producing countries that are not NATO members or even US allied nations. Angola jumps to mind, Nigeria, Indonesia, Malaysia, Brunei, Azerbaijan and probably many more I forgot. The problem with most of these nations (and also Venezuela) is that they are run by more or less corrupt governments that pocket the oil wealth for themselves instead of actually building up their economies and improving their citizens lifes in the long term. This lazy and unimaginative black and white conspiracy theory/mindset that the US only allows "friendly" nations to develop their economies is so frustrating especially as it always (and that is probably the goal of the entire "argument") shifts the blame away from the corrupt elites that run these countries to someone else. "People I tell you, its not our corrupt and incompetent leadership that keeps us poor, its the US and the West, its all their fault, dont blame (insert corrupt petro state dictator here), blame them!"...
Note: I am not saying the US isnt happily profiting of dictatorships like that or that they are afraid of toppling a democratically elected government or start a war for their profit, but your comment misses the point entirely!
commenting for support of channel
Solution let Americans produce more domestically let’s go brandon
As a Cheveron shareholder, I will vote against any director that allows the company to invest or work in Venezuela. How much was lost last time we were there? I don't care what the Biden administration wants, as a shareholder, Cheveron needs to walk away. I encourage all shareholders to vote against management in the future if they do this. It will not end well.
you can also point out that the joint venture is illegal by Venezuela's law, as they don't allow chevron to pay taxes for the oil they be pumping, which is against Venezuela's own constitution.
not like dictators care about law anyway.
Commenting 4 algorithm
Tem gue apoia os estados unidos todos os americas do sul viva a america
The US wouldn't need to be making ties with autocracies such as Saudi Arabia or Venezuela if they drilled their own oil, but there's been increased restrictions with the current administration. Not to mention that the push for a major investment in nuclear energy is still far from enough.
Now, many of Venezuela's economic woes are self inflicted, some are mentioned at the end of the video, but it is worth highlighting another terrible policy and that was the indiscriminate nationalization. Venezuela under Chavez not only nationalized oil, but also a lot of private businesses including from the food production and supply chain, that is farms, agroindustrial complexes and supermarkets. The terrible mismanagement of these businesses led to a drop in production, which led to basically a self inflicted crop failure over several years, which led to a major reliance on food imports, imports that could only be paid for as long as the oil exports allowed it. And because food became so scarce to buy through private means, the government then went to "solve" the problem they made themselves with the "CLAP Boxes", basically free food that only contained carbohydrates (and was a whole corruption scheme in itself), not to mention that there's reasons to believe that the government only handed them to people that voted. I remember hearing about special IDs being issued.
The US only imposed direct sanctions against the Venezuelan oil industry as late as 2019, looking at historic data, it can be observed that the total oil exports of the country were already in decline well before this year.
And this video is right that lifting US sanctions won't help the average Venezuelan, because the economic system is very broken.
Worth mentioning that Venezuela is a de facto feudal state, where the "king" is Maduro and the PSUV party and the vassals different criminal groups such as the Colectivos and guerrillas such as the ELN, which operates in the "Orinoco Mining Arc" among other places. Any democratization or change in Venezuela will find opposition from these groups. But in the end of the day, negotiating with the opposition has always been a tool for Maduro to buy time and to pretend. Many talks have taken place in the past, and all of them have failed, why would these ones be successful?
Oil
Pretty much what this will do is benefit the next president with slightly cheaper oil which most likely will be a republican
It's a toss up right now. Overturning Wade vs. Rowe wrecked the Republicans in the mid-terms. Trump is still circling and splitting focus. Also, thr tired old slogans and culture war garbage isn't working like it did before for his acolytes.
The Democrats have a shot.
@@PhillipHilton yeah thats very true, didn't think about trump splitting the vote part.....I'm just going off how when its democrats doing beneficial stuff Republicans just use dumb topics like gas prices with their dumb voters and manage to win
With war and everything else partners and Allie’s and enemy’s change and recommit them selfs they was an friend then enemy then new friend? So ya.