Resource Imperialism: US Control of Venezuelan Oil Sales
The White House announced on January 7, 2026 that it will indefinitely control sanctioned Venezuelan oil sales—an example of resource imperialism seizing a nation’s key assets.
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The White House announced on January 7, 2026 that it will indefinitely control sanctioned Venezuelan oil sales—an example of resource imperialism seizing a nation’s key assets.
Venezuela’s PDVSA has launched talks with the U.S. to sell crude oil, marking a surprising shift from January’s military conflict to trade negotiations.