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Debunking the US Narrative on Venezuela: Misinformation and Real Truth

February 1, 2026 Emma Walker – News Editor News

Okay, here’s a breakdown of the key points from the provided text, ‌focusing on the ‍arguments presented by steve Ellner:

1. Oil Company Departures from Venezuela (2007):

* Common Narrative: The claim that the Venezuelan government forced oil companies like ExxonMobil and ConocoPhillips out of Venezuela is false.
* Ellner’s Argument: These companies chose too leave after Hugo Chávez modified oil legislation (the Ley de Hidrocarburos ‌ of 2001) following his 2006 election victory. Chevron accepted the new terms, but ExxonMobil⁢ and ConocoPhillips did not.
* Venezuela’s Position: Venezuela has consistently stated that foreign oil companies are welcome,but must⁣ operate under Venezuelan-established terms. ⁢ He specifically mentions Halliburton as another company that left,not expelled.

2. Current Situation in Venezuela (Post-“Invasion”/Trump Actions):

* Best-Case ‍Scenario (for Delcy Rodriguez’s government): Rodriguez can buy time by⁣ making enough concessions to Trump to allow him to declare success. This includes:
*‌ US benefiting from the “kidnapping” (presumably referring to tanker seizures/oil ⁤deals).
* US ​oil companies exploiting Venezuelan oil for delivery to the US.
* Venezuela reducing economic ties with China (possibly allowing oil‍ sales to China, but in ⁢US dollars, not Chinese currency/cryptocurrency).
* A gradual, partial economic⁤ recovery ⁣to provide ​basic necessities for Venezuelans.
*‍ A shift in international focus away from⁤ Venezuela.
* Media Narrative: The media (specifically citing ⁣the New York Times) portrays⁤ a​ different picture:
​ * Internal divisions within ​the Venezuelan‌ government.
* Accusations of betrayal and collusion with ‌the Trump governance (even implicating Delcy‌ Rodriguez).
‌ * ⁣ A cynical view that individuals are motivated solely by⁣ self-interest (Rodriguez ⁤wanting to ⁣become president).

3. Defense of Delcy Rodriguez:

*⁣ Rebuttal of Media Narrative: Ellner strongly ⁢challenges the ⁢media’s portrayal of Rodriguez.
* ⁢ Her Dedication: ⁢ he argues she has a lifelong commitment to a cause (the Chavista movement).
* Family History: He highlights her father’s​ martyrdom (tortured and killed by a​ previous government that Chavez overthrew), suggesting a deep-rooted ideological ‌commitment.
* Government Unity: He asserts that the Chavista movement has remained united since Chavez’s death,despite speculation to the ​contrary.

In essence, Ellner presents a ⁢counter-narrative ⁣to what he sees as biased reporting on Venezuela, defending ⁢the government’s actions and⁣ motivations, and challenging the claims ⁣of internal division and forced expulsion of oil companies. He frames the current situation as a potential negotiation where the Venezuelan ⁢government is attempting to navigate a arduous ⁣situation imposed by US actions.

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