Venezuela: It’s the oil, stupid!
United States President Donald Trump has for long fantasised about annexing northern neighbour, Canada, as his country’s 51st state. Now, he’s struck a better deal in the larger hemisphere with Venezuela. The Latino nation with vast oil reserves, estimated to be the world’s largest, is a conquered colony and its natural wealth is pledged to America’s pleasure. It is effectively the rule of might in a world presumed to run on international law espousing respect for mutual sovereignty. President Trump tore up the global rulebook with his country’s attack recently on Venezuela and the capture of its strongman, Nicolás Maduro, along with his wife, Cilia Flores, and their extradition to the US for trial. Maduro is accused by Trump of running “state sponsored gangs” and facilitating drug trafficking from his country into the US. The 63-year-old was early last week arraigned before a Manhattan judge on charges including “narco-terrorism” conspiracy, cocaine importation and weapons trafficking...