Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

U.S. To Seize Venezuelan Oil Fields

Politics / Crude Oil Aug 19, 2009 - 12:40 AM GMT

By: Pravda

Politics

On August 11, Venezuela’s Hugo Chavez declared the readiness of the South American countries to discuss with US President Barrack Obama the location of US army bases in Colombia.


The summit of 11 heads of the UNASUR states, the South American Union of the Nations, took place in Ecuador the day before the announcement. The issue of US army bases in Colombia was discussed at the summit, however, Colombian President Alvaro Uribe, the USA’s staunch ally in the region, was absent from the forum.

On August 5 Gen. Freddy Padilla de Leon, temporarily assuming the position of the Minister of Defense of this country, declared that Colombia would grant the United States access to seven military bases on the Columbian territory.

According to his words, the number of US troops would not exceed 800. In the nearest future the countries are going to conclude the treaty of cooperation in the sphere of defense and safety, according to which the USA will invest 5 billion dollars into the infrastructure of the army bases.

Colombian officials released the statement about the deployment of the American military forces as early as July, 27th. At the same time the country’s authorities accused the main opponent of the USA in the region, Venezuelan President Hugo Chavez, of supplying weapons to the Colombian FARC rebels.

On July, 29 Chavez recalled the ambassador, accused the Colombian authorities of slander, and of indulgence to the American imperialism.

Afterwards, on July 30 and on August 5, Chavez declared the intention to buy a batch of tanks and jets, explaining it with the possibility of the USA’s invasion in Venezuela after the deployment of the American bases in Colombia.

On August 8, Chavez announced the revision of diplomatic relations with Colombia. He is also proposed to deploy “peace bases” as a counter to “Yankees’ military bases”.

However, the influence of the USA was obvious at the UNASUR summit. The US intends to come back to the region, that was under its foot 20 years ago, but at the moment is going out of control.

The decision to recover the erstwhile positions could be explained with two reasons. Firstly, the USA’s reputation in other countries proved to have been shattered. And secondly, China is actively substituting the USA on the local market.

The consent of Colombia to deploy the bases turned out to be helpful to the USA. In autumn the lease term of the Manta Naval Base located in Ecuador will expire, but Ecuadorian President Rafael Correa known for his warm relations with Chavez, refused to prolong the rent.

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in