Twice presidential candidate for the Venezuelan opposition Henrique Capriles Radonski has revealed that he has proposed a “padlock” law to the incoming opposition parliamentary bloc in the National Assembly. The legislation would prevent the government from negotiating further international oil treaties with other countries.
Washington warned Caribbean nations Wednesday that the United States would be unable to supply them with oil in the event that that Venezuela’s newly elected opposition-controlled parliament cuts off the flow of subsidized petroleum under the PetroCaribe program.
Venezuelan President Nicolas Maduro has announced that his government will review its diplomatic ties to the US, after a leaked document revealed that the National Security Agency had spied on officials at Venezuelan state oil company PDVSA.
By Andrew Fishman & Glenn Greenwald, The Intercept, Nov 19th 2015
This newest revelation of NSA spying, reported as part of The Intercept’s partnership with teleSUR, comes just weeks after the Wall Street Journal reported that the U.S. government has launched “a series of wide-ranging investigations” into alleged corruption at Petróleos de Venezuela, or PDVSA.
In a diplomatic visit to Saint Vincent and the Grenadines on Monday, Venezuelan President Nicolas Maduro pledged new resources to the island nation and proposed a special economic zone in the Caribbean to strengthen regional trade.
During a Tuesday live broadcast, Venezuelan President Nicolas Maduro announced that the country’s heavy crude oil was selling for a six-year low of $37.95 a barrel and claimed outside forces would try driving the price to $20 before the December 6th parliamentary elections.