look news india
News India Live, Digital Desk: It is difficult to say when and what will happen in international politics. Often our eyes are towards Russia or China, but behind the scenes a big game has started regarding Venezuela. There is talk that Donald Trump has prepared a ‘3-phase plan’ to bring Venezuela’s power and its immense oil reserves into his strategy. As simple as this plan sounds, it is actually quite complicated.
After all, why Venezuela?
Actually, the matter is that Venezuela has the world’s largest crude oil reserves. This country, situated just below America, is so rich in oil that if proper drilling and supply is done here, the prices of oil in the world can come down significantly. Trump has always talked about ‘America First’, and for him a neighboring country with cheap oil and power of its own choice is very important.
What are those three steps?
There are three main stages of this strategy of Trump. In the first phase, America wants to get its point across by putting pressure on the current government there. In the second phase, efforts will be made to establish a leadership there that will support America, and the third i.e. the last phase will be to increase its influence on Venezuelan power plants and oil wells. This plan is not just to control Venezuela, but to establish its dominance in the energy sector around the world.
What will be the impact on the common man’s pocket?
If this plan is successful, it can have an impact on the whole world as well as India. At present, Trump wants to balance the arbitrariness of OPEC countries regarding oil through Venezuela. If more oil comes into the market, the prices may come down, which raises hopes of falling prices of everything from transport to cooking gas.
