Donald Trump claims he will "run" Venezuela, after he bombed it and abducted President Nicolás Maduro. However, his plan makes no sense -- and will likely blow back on the USA. Acting President Delcy Rodríguez is still independent, and not cutting off China. US sanctions devastated Venezuela's oil infrastructure, and its heavy crude is expensive to produce -- and US companies do not see it as profitable enough, amid a global supply glut. Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=GbpdfPK8jVE

Topics

0:00 US attack on Venezuela

0:49 (CLIP) Trump: USA will "run the country"

1:31 Two main US demands for Venezuela

2:20 Chavista government is intact

3:21 Oil corporations are skeptical

4:57 Trump's oil deal with Venezuela

7:44 US oil industry benefits rich elites

8:27 China, Russia, Iran, Cuba ties

10:08 USA wants heavy crude

10:46 Economic war

11:53 Marco Rubio targets Cuba

12:24 China and Venezuelan oil

13:02 Pete Hegseth threatens China & Russia

13:44 US seizes Russian-flagged tanker

14:16 Trump wants $1.5 trillion military budget

14:58 Trump bombed 7 countries in 2025

15:20 China's oil imports by country

17:43 Imperialist Monroe/Donroe Doctrine

18:21 Desperation of declining US empire

19:12 International law & UN Charter

20:19 China: South America's top trading partner

21:17 Forcing Venezuela to buy US products

22:07 Latin America exports

23:56 US is trade competitor with Latin America

25:24 US National Security Strategy

26:03 Pressure to cut ties with China

27:30 Geopolitics vs trade

28:45 USA threatens Venezuelan officials

30:30 Opposition leader María Corina Machado

32:56 Acting President Delcy Rodríguez

35:03 Delcy Rodríguez reaffirms China support

36:02 Trump will not have a US colony

37:40 Chevron deal in Venezuela

40:38 Sanctions exemptions in oil sector

41:53 US sanctions devastated oil industry

44:02 US purchases of Venezuelan oil

45:14 US imports heavy crude

46:25 US oil refineries want heavy crude

47:50 Oil companies say it's "uninvestable"

48:37 Oil deal possible, but not colonialism

49:42 High cost of Venezuelan crude

52:34 Global oil supply glut

53:34 US oil companies want gov't benefits

54:13 Destructive US interventions

56:47 Outro