The Capitalists Killing Venezuela

Greg Palast has been following Venezuela longer and closer than almost any source. Palast's latest on Venezuela's decline discusses Capitalists undermining the country's economy. He names the Kochs, and others, directing the deterioration which is then blamed on the effects of Socialist ideals.

Venezuela: The Trump Coup — And Our Next Oil War
Aggressive Progressive Jimmy Dore interviews Palast
March 6, 2019
Greg Palast

People don’t know the Kochs have these giant refineries, some of the biggest in the world, on the Gulf Coast of Texas, in the middle of oilfields. They can’t use Texas oil because it’s not heavy and filthy enough, so they have to take almost all their oil from Venezuela, one of the only places where you get this super heavy oil. Normally it’s discounted. But because they know the Kochs have to use their oil, Chavez, who was really bright man, was squeezing the Kochs by the cojones and charging them a premium for his oil. The Kochs have been going crazy — they were losing money at their refinery because of the price.